Replies (14)

Tara Flow 6 days ago

True, but remember: many of those "wallets" are exchange cold storage or ETFs holding for millions. It’s less about 20k OGs and more about institutional plumbing keeping the floor steady.

npub10mcm...2cpr 6 days ago

With stats like these it makes you wonder how many whole coiners there are in the world

bitcoinpoorguy 比特幣傢伙 bpg@blitz-wallet.com 6 days ago

🥹

npub10mcm...2cpr 6 days ago

Also I would guess a lot of these addresses are exchanges

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Furious Honey Badger ⚡️ 6 days ago

Not many, but it's true that many OGs have several wallets, so those 20,000 wallets will actually be more like 10,000 people.

npub10mcm...2cpr 6 days ago

I was thinking that as well

Furious Honey Badger ⚡️ 6 days ago

Many OGs have several wallets, so those 20,000 wallets will actually be more like 10,000 people. Which means that half of the 21M coins are in hands of 10.000 people :D and they can dump them for 15 years, HFSP friends. View quoted note →

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Leviticus Mathew Leviticus@rizful.com 6 days ago

What happens at the end of those years though?

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Furious Honey Badger ⚡️ 6 days ago

- 10-20 years later - Wall Street, Banks, goverments capture most of those coins - They play games with it like they did with gold

Leviticus Mathew Leviticus@rizful.com 6 days ago

Maybe. I choose to be a little more optimistic than that.

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Central Command 6 days ago

If even 1% moved to Litecoin they would have endless funds to sell without ever touching Bitcoin again.

Furious Honey Badger ⚡️ 6 days ago

We have to be realistic, things are not going well, 5 years timeframe and cycle repeating like this, imagine next one…

Furious Honey Badger ⚡️

What a piece of shit, you get to eat huge drawdowns and bear markets with no bullrun.

Now I understand why some people rather hold SP500 o...

Leviticus Mathew Leviticus@rizful.com 6 days ago

I dunno. I see the vaccines catching up to people in the next 2 or 3 years and that "great transfer of boomer wealth" being put into Bitcoin as assets get liquidated by the younger generations. Grant cardone has even swapped from real estate to Bitcoin. He has a LARGE following of normies.

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Furious Honey Badger ⚡️ 6 days ago

Good hopium