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|Legacy
BTCBTC
💲74052.60
+
3.55%
ETHETH
💲2274.06
+
7.9%
SOLSOL
💲94.02
+
6.33%
USDCUSDC
💲0.9999
+
0.01%
XRPXRP
💲1.48
+
4.23%
DOGEDOGE
💲0.1016
+
5.69%

𝐓𝐗𝐌𝐂
𝐓𝐗𝐌𝐂|8月 21, 2025 12:01
Bitcoin's terminal supply is a cool feature, but it is not an argument for why it should be capable of performative magic. The limited supply on a given day is not affecting how price is determined. A TINY fraction of the coins in circulation actually trades on a day-to-day basis and that, along with derivatives markets, is where price is set. We're talking 30-50B a day of trading on a 2.2T asset. This is true of literally every thing that trades in a market. People really don't seem to accept this because every argument for why a 30% CAGR forever is possible is some version of "you don't understand absolute scarcity" or "we've never seen anything like BTC". These are Dunning Kruger mechanisms. I definitely understand scarcity. I think YOU don't understand how a market functions. You can rest assured you will not be diluted in BTC terms because it is programmatically scarce, THAT should be the takeaway, but it's not much of a factor in price performance day to day.(𝐓𝐗𝐌𝐂)
+5
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Timeline

9月 19, 11:40The non-liquid supply of Bitcoin has reached a record 14.3 million coins.
9月 19, 11:18Determining the fair value of trading opportunities
9月 19, 08:03Has been trading Bitcoin since 2012
9月 19, 08:03Bitcoin is currently in a good upward trend.
9月 19, 05:43The bull market is about to begin, gold is soaring.
9月 19, 05:26X Layer's on-chain transaction volume reached $42.53 million in the past 24 hours.
9月 19, 05:24The bull market is about to begin, gold is soaring.
9月 19, 01:08Discussion on investor types and market trends
9月 18, 19:59Altcoin season full bull market
9月 18, 18:27Poland officially launches its first Bitcoin exchange-traded product

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