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0 sats \ 6 replies \ @ideasourcing 11 Jun 2022 \ on: Daily discussion thread
is it kinda clear now that the price is not rising because normal pleb buyers have no more money left to buy the dip?
if the above statement was true, then what will the institutional/whale buyers do now?
The price is not set by plebs, but by the super-wealthy.
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I think you’re spot on.
Food and gas is more important than sats right now.
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apart from the inflation thing, i mean, people have repeatedly bought 6-7 dips now from 68 to 65 to 55 to 50 and so on...and now have no more money left, so I think, the whales/govts. have stopped dumping their coins as they no longer need to lose their bitcoins in order to prevent the market from jumping. So if all the small guys have no more money left to pump bitcoin. what is going on in the minds of the whales/govts.? Are they going to orchestrate a big dump which will cause almost half the holders to let go of their coins? Or are the whales going to buy now and pump it?
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Considering how chaotic the world is under a macroeconomic lens I’m shocked Bitcoin hasn’t fallen to 10k yet.
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Me too. For me it's pretty high signal its status as wealth store has 10x'd.
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That's why price isn't rising:
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