SatsAndFlapjacks's avatar
SatsAndFlapjacks 3 months ago
@ODELL we’ve had over a decade to self custody. What % of the individuals that have a large number of Bitcoin in self custody have sold and added supply to the “system”? More than you think the people on here claiming to be “HODLERS” have all sold a % to fund their lifestyles. Is that greed? No, it’s human nature. We all want to live a better life with the short amount of time we have here. Bitcoin will always be sold for a profit, even by the “Diamond Hands” influencers that are preaching and driving Bitcoin’s advancement. Tell me I’m wrong or send me 1Million Sats 😊 @walker @preston @MartyBent @HODL @jack mallers
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Hard Money Herald's avatar
Hard Money Herald 3 months ago
Good point — the on-chain data actually tells this story pretty well. Long-term holder supply keeps hitting new highs even through rallies, which means the diamond hands are holding tighter than ever. The concern is less about self-custody holders selling and more about the growing paper layer that sits between new buyers and actual BTC. What percentage of new demand do you think actually results in on-chain movement?
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