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็ฎ€ไฝ“็น้ซ”English
|Legacy
BTCBTC
๐Ÿ’ฒ77323.35
-
1.28%
ETHETH
๐Ÿ’ฒ2310.77
-
1.09%
SOLSOL
๐Ÿ’ฒ86.22
+
0.06%
USDCUSDC
๐Ÿ’ฒ0.9996
-
0%
APEAPE
๐Ÿ’ฒ0.1781
+
74.95%
XAUXAU
๐Ÿ’ฒ4713.93
+
0.37%

๐“๐—๐Œ๐‚
๐“๐—๐Œ๐‚|8ๆœˆ 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.(๐“๐—๐Œ๐‚)
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Timeline

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

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