But if the owner of the asset only holds, it’s unrealized value, and the price the current buyers are willing to pay for them is either higher or lower. Bitcoins purchased at $10.00 during 2011 - 2012 is not $10.00 anymore.
you really are missing the point..
take me i got my btc hoard at $6each in 2012.. and i have no exit price.. but even now i still remember my realized price
yes when i sell. i trigger the next persons realized price because thats what they bought it for
its not about the sell. its about the buy
if 80% of people with active coins have a realized buy price at say $37k+.. thats 80% not willing to sell below $37k
it doesnt matter what the price is now. its a logical fact that people dont want to sell at a loss
if you would sell at a loss.. then give trading up. you will always lose if you sell at a loss
its not about the ATH its not about current price. its not about how high they want to SELL..
its about the low and about what they are NOT WILLING to sell below
..
so lets say there was a 'bank run' (mega dip). people wont sell at a loss. they will 'hodl'.
when you realise that if 18million coins will not all equally get the current price.. you sooner you learn to not base their value on the current price. the better
market cap is a meaningless number that does not represent the actual value line someone values their coin at
i personally dont care about the $55k+ current price.
im still ok even if the price went down to $7. as i still value that as profit