witnessing post once more of low coins on exchanges and supplyshock incoming
will this be the first supplyshock to witness ?
supply shock is a myth imo
there is always somebody willing to sell after a 10-20% run.
Until they only have peanuts to sell.
Ask all the people here who are waiting for 140k-.150k to get rid of their coins
Hey, people here who are waiting for .14 - .15! I'm talking to you.
Are you selling it all, or do you plan to keep a little? Like 10%? Or 20%? Or maybe you're keeping half just in case?
TL;DR: Worst case? I see exponential (slow) decay in hodler reserves ready to go on sale. But probably, the fraction of the remaining stash that gets sold as btc appreciates goes down with time (sub-exponential, slower).
My situation is that I also have IBIT/FBTC.
The story was that I bought GBTC in 2019/2020 (to the best of my recollection, maybe even early 2018) when it was the equivalent of 8-10K/share btc.
Later on, I exchanged it to IBIT/FBTC at par when everyone was screaming about how GBTC is going down the drain.
Now, it is quite a bit of $$ equivalent and about half is in Roth, hence no taxes on sale and withdrawal.
It is possible that I would shave some portion of this anywhere between 180 and 200 (150 is too low).
I don't plan on selling any bitcoin...I am thinking similar to @Searing-trusts, legacy, etc.