A bit weird last week. The price of BTC has not managed to take off upwards, however, seeing the operations of the top 100 Richest addresses on BTC, they continue to buy or, rather, although they have decreased a little its volume of purchase, the volume of sale has fallen even more.
As a result of this, the price seems to be in a stabilization zone for a few days, if it is true that from time to time we have not very important rises and falls, around 4%, however, it does not seem that anyone is interested in selling at these levels.
The Ratio BTC BOUGHT vs SOLD has increased to 5.65 this week:
I think that, beyond the maximalist trend, in general and as the education of all newcomers becomes more profound and important, they realize that what really matters in this ecosystem is the accumulation of BITCOIN... all the Other crypto, which some call shitcoins including ETHEREUM, are only means to make it possible.
The only blockchain that ensures decentralization and economic freedom is BITCOIN, forget about the rest. Proof of stake we know that it cannot be as decentralized as Proof of Work and also presents other technical problems related to the reliability of the data stored in its blockchains and its consensus with which, if you understand a little about Blockchain technology there is nothing to improve the reliability of Proof of Work.
We should all accumulate BTC to the maximum, soon this resource will be so scarce that we will not speak in terms of BTC but in Satoshis.
It's just a matter of time.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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This is the more reason why I am still buying BTC. I don't intend to sell my btc fit the next 10years
well done
I didn't imagine you were such a fan of Proof of Work and bitcoin :)
oh, yes I am
I'm not a fan of POS either
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