My prediction. Michael Sellor will cause the bottom of this bear market 2026!

[bbc.reporter]

@OgNasty. Yes, this certainly implies more Sellor selling hehehe. However, if this will create a new higher local bottom, we should encourage Sellor to dump more bitcoin. A smaller bitcoin treasury for a man like him will be good for the whole bitcoin ecosystem, similar to what was mentioned in Grin's monetary policy documentation.



Inflation may make price more stable

As an experimental hypothesis, Grin's inflation rate may discourage hoarding early on, improving its distribution. Inflation disincentivizes "whales," who have an inordinate amount of control over the price of an asset, and should act to downplay speculative bubbles and price swings. Early adopters get just as much out of grin as those who adopt later. This argument is discussed at length in Bitcoins are not digital greenbacks, in which Wei Dai himself considers "Bitcoin to have failed with regard to its monetary policy". Grin is aiming for as equal access and utility as possible for all users, now and in the future.

Constant emission could provide enhanced supply/demand certainty for all types of users, and allow transparent and natural pricing. Note: Bitcoin becoming widely usable as a method of exchange versus a strict store of value depends on the concept of "Keynesian beauty contests." The experiment is ongoing.

There are already better store of values or "get rich quick" coins

Grin is focused on privacy, scalability and fairness. If groups or individuals "get rich quick," they will have power to influence the entire grin economy more than others. Grin is not for creating technocrats, but for providing private digital cash to as many people as possible. Hoarding is a huge centralization pressure, and grin emission policy hopes to mitigate this.

The idea is to use grin like you use your bicycle, to get you around and make you more efficient, not to store in your garage hoping its value goes up.

Source https://docs.grin.mw/wiki/extra-documents/monetary-policy/

[dezoel]

Even if such a major player sells BTC via OTC, the crowd will still react negatively once they find out, making emotional trades and thereby triggering a panic sell-off in the short term.

If we compare recent sales, it seems to me that the market reacted more strongly to the announcement of the sale of 32 BTC than to the recent sale of 3,588 BTC.

Doesn't THAT show a genius in Saylor's move which played with the psychology of the market?

 

He probably knew that FEAR and PANIC would happen if he started selling, so he sold a "small amount" to make everyone adapted to the thought that he would sell, making the larger sell amount have lesser impact than the smaller amount.

And the fact that the market reacted more to him selling 32 bitcoins, then him buying 800k+ bitcoins, is the proof that the market is usually wrong. Him as a personal amount plus his company strategy owns 860k bitcoins roughly.

Considering we probably have roughly 17 million total, not 20 million (roughly 3 million estimated to be gone) that means this dude and his company alone has 5% of entire bitcoin in existence. To say that he is not a genius is a very very brave and silly thing to say.