Hello my friends, today is another great day for Bitcoin as it hovers just over the $11,000 mark with a total market cap of $196 billion dollars and a daily trading volume of around 10% of it's marketcap. This makes me think about what is the true value of BTC. Yes, it is being exchanged for $11,000 each but if everyone tired to sell their BTC at once, it would not take much time to quickly fall to almost zero and destroy all our hopes and lambo dreams.
Makes you think about things and the same could be said for pretty much any investment in today's world. I think to myself, what if the 100 BTC wallets in the world cash in at this $11,000 level, how would it affect the price? Would this push BTC to back into 4 digits are maybe it would be ok and new investors simply replace the old and life goes on as is.
It's interesting to think about and the question is unanswerable until something like this happens. I do no think BTC will ever have a time when there are massive sell offs and i can not see it falling like that but never say never. Us Bitcoin HODLer's are alot like precious metals stackers and when we see a dip in the market, we think "Great, time to get some more cheaply". I dont know if this is the start of the next epic BTC bullrun are not and im not really bothered to be honest. Im just happy that things have stopped going down and if BTC were to stay at around the $10,000 mark for a few mouths i could buy some more before it goes crazy and hits $50,000 are some people are even saying $100,000. The whole thing as a silver stacker is just crazy to me as i have never and will never see an investment like Bitcoin and it's returns again within my lifetime.
I say, make hay while the sun is shinning and stack your chips. The good times will never last forever
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