Why the Market is Thinking About Bitcoin Differently

[beerlover]

OP, it is the first time that I am seeing that graph of Bitcoin and it seems as though there are a definite pattern of growth over the long-term. We know the "Halving" is supposed to have an impact on the price, because it reduces the amount of coins that are given as a Block reward for mining, but it does not guarantee an increase in the price.  

It is actually nice to see some kind of pattern forming and that it is sustained over the long-term. In theory... as adoption grows, Bitcoin supply must go down and the demand for it should increase ...thus pushing up the price.  

A lot of bitcoins are used for gambling, so it explains why some people are not hoarding coins for a long period. Lately, people are also buying bitcoins to pay for "Pornhub" and other adult sites, so those coins change ownership very quickly.

I think that chart is not shocking if you ask me. Why? Because bitcoin was created only 10 years ago, and 5 years a long time, which means for the past 5 years there has been a lot of people who bought and will hold for 5 more years but they bought less than 5 years ago, over time there will be more people with 5+ years, for example in 5 years that graph will show more long term holders and in 10 years it will show even more than that, and in 20 years it will show even more ..... well you see where this is going.

This is why I can honestly tell you that rap is as expected as it gets, it is something that will become the norm over time. It is actually even a problem considered by some people, if everyone holds bitcoin then what's going to happen in the future? If we have just 100 bitcoin in the market traded while everyone else holds, that would be horrible, sure it will not be 100, but it will get less and less compared to today.

[1715200287]

1715200287

[1715200287]

1715200287

[icopress]

I think that situation in worlds economy changed drastically in last ten years with increased money printing and inflation that affected Bitcoin and bitcoin holders, and it can only get crazier in next years. Most people sold and spent most of their Bitcoin years ago, (and I would probably do the same if I discovered Bitcoin in 2011 or 2013), smart people purchased from them, and only smaller percentage and smartest people are still holding most of their coins.

Why look so far? Everyone remembers March last year, and this is just an excellent example of a radical change in the balance in the world economy, (including cryptocurrencies). Whatever it was, in this particular case, I still tend to believe in a conspiracy, (as you rightly pointed out, such manipulations occur on average once every ten years, and 2008 is the starting point). I still believe that the pandemic was just a pretext, a pretext that allowed a group of gray cardinals to bring down the global economy and buy everything on the cheap.

As for Bitcoins, let me disagree with you ... No matter how often I dream of time travel, I have no regrets that over the past three years I have continued to spend, buy and sell Bitcoins .. (an indescribable feeling when I walk down the street and look back at the banks with contempt).

[perfect999]

I believe that since hedge funds chose Bitcoin to invest, the value of Bitcoin has increased rapidly and soon reached 60k $ although there has been a correction when Bitcoin was around 30-40k $. Investors are no longer panicking like before, they choose to buy at a lower price and hold for longer. It is a strategy to avoid missing out on the opportunity to own well-priced Bitcoin. Their vision of Bitcoin has certainly changed in recent times. Bitcoin and cryptocurrencies are already the trends of the financial world. The market capitalization of the cryptocurrency market has tripled from 2020's ATH and is set to rise even higher.

Hedge Funds are not our friends, they are the enemy, they are the reason we had to create crypto because they used all the loopholes they could ever use to avoid paying taxes and they have got themselves super richer while all the rest had to live on the crumbs. This is not going to work in the end and that is why we created Bitcoin and all the other crypto, now that they have seen us making a bit of money, they came in to ruin the fun and make all the profit for themselves.

But what they do not realize is, there is no loopholes here, on blockchain everyone is equals and that is why no matter what they do, bitcoin will not pity them and give them some more money, they are not going to get bailed out by satoshi, this is bitcoin world and they either make money or lose money together with us, or they have to leave when they realize they are equals with us.

[(o)(o)ilikeboobs(o)(o)]

I believe that since hedge funds chose Bitcoin to invest, the value of Bitcoin has increased rapidly and soon reached 60k $ although there has been a correction when Bitcoin was around 30-40k $. Investors are no longer panicking like before, they choose to buy at a lower price and hold for longer. It is a strategy to avoid missing out on the opportunity to own well-priced Bitcoin. Their vision of Bitcoin has certainly changed in recent times. Bitcoin and cryptocurrencies are already the trends of the financial world. The market capitalization of the cryptocurrency market has tripled from 2020's ATH and is set to rise even higher.

Hedge Funds are not our friends, they are the enemy, they are the reason we had to create crypto because they used all the loopholes they could ever use to avoid paying taxes and they have got themselves super richer while all the rest had to live on the crumbs. This is not going to work in the end and that is why we created Bitcoin and all the other crypto, now that they have seen us making a bit of money, they came in to ruin the fun and make all the profit for themselves.

But what they do not realize is, there is no loopholes here, on blockchain everyone is equals and that is why no matter what they do, bitcoin will not pity them and give them some more money, they are not going to get bailed out by satoshi, this is bitcoin world and they either make money or lose money together with us, or they have to leave when they realize they are equals with us.

Investment funds quietly entered the crypto market in 2017, and they have received pitiful results afterward. The downtrend is when the vast majority of people lose money.
I've heard of tricks that big hedge funds compromise businesses for a good price to buy, but with cryptocurrencies and blockchain, everything is more transparent than ever.
As you said, they will soon see the whole market moving up. With the money market today, any big short is unlikely to happen.