Most are saying that the current BTC price fall is from LTHs selling (plus others who think the cycle is over)… which sounds fair enough I suppose … I haven’t a clue.
However, as along term holder with no intention of selling in the short term and no leverage… isn’t this good thing?
I mean.. even if the OGs locked in huge profits and leave for good … fair enough.
But this only means less and less OGs that have cost base of a few 100 dollars per coin.
Even if the OGs buy in again their cost base would be $90odd k per coin?
So given time, everything catches up and away we go again.
I know, I know, there’s still Satoshi’s coins still sitting there.
But at the end of the day, I’d fully expect the long term OGs to cash out.
Just thinking out loud. 👍🏻🙂🙏
