So in essence, since price is going up and down, this must mean there are people actually selling their BTC.
To get some nice inflationary currency in return.
Why?
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Replies (3)
Some are:
- forced sellers
- fiat-chasing mercenaries
- want to improve their life (i.e. buy a house, land, etc.)
Some miners capitulating. They can't operate at this block subsidy, and they need to pay for salaries and electricity. Operating at a lost waiting for BTC to go to the moon.
Other people who bought at less than $10K might want to exchange some of their BTC for a house for example.
"Bitcoiners" like talk of their dreamed Citadel and also never selling. Those 2 things are not compatible.
Thanks, indeed that seems legit reasons to sell:) hope most sell because of this