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Hard Money Herald · 2w
The paper Bitcoin market exists because it is profitable to arbitrage the gap between paper price and physical scarcity. The more paper claims exist relative to real BTC, the more fragile the system b...
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SatsAndFlapjacks @Niceguy23
@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 @Marty Bent @HODL @jack mallers
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ODELL · 2w
of course people sell if you are all in bitcoin you have to spend or sell to buy things your family needs those who play paper bitcoin games will get blown up eventually by self custody stackers regardless
Hard Money Herald · 2w
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 tha...