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RE: LeoThread 2024-02-02 17:29

in LeoFinance11 months ago

takes a a lot to move something that size by even 100%

It takes a lot to move an asset that has volume and market participants that are willing to sell. That's not Bitcoin. It doesn't matter how high the market cap goes. What matters is who is willing to sell when the price goes higher. Bitcoiner's base their entire personality on HODL. It's a completely different situation because everyone knows more can't be printed out of thin air like a stock.

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Good point; I have no data on BTC HODLers vs. traders (3-6 months or less) who just buy and sell on market movements.

Yeah so basically as long as these institutions have a financial incentive to HODL along with the rest of the community then liquidity will stay thin and the price can go anywhere. And they totally do have even more incentive than regular people because they can create derivatives and leverage that wealth in ways that plebs could never dream of. It's gonna be a weird situation honestly.