cb2d3 - 2y
There are 900 #Bitcoin mined per day. So 90 billion #Satoshis Once 8 billion people realise they want them, that's 11.25 sats each. Read that again. 11.25 SATS EACH. That's USD 0.0033 worth. Best bit is, in 359 days it's 5.625 sats. Sometimes, all you can do is laugh.
96c87 - 2y
So 1% of the world stacking just 7875 sats per week would chew up new supply in the market. So very few people must understand Bitcoin yet.
7ca66 - 2y
Shrimps are already DCAing current supply, the halfining is going to hit different this time.
Yes - price is pretty stable & grinding up. I'm betting those DCAers are stacking quite a bit more than 10k sats per week each. That probably means only a fraction of 1% must be doing it. That doesn't count all the people realising that they don't really own anything that's without counterparty risk.
bfde2 - 2y
There is no way 1% of 8 billions are stacking and holding their own keys at the moment. ~4 billions are not even online, let alone know about bitcoin. Considering that most buy the top and sell the bottom, this "dance" will continue for a while. Stability will come once maxis or similar will increase their positions in time. Also, because of the pseudoanonymous nature of the protocol, you can only count addresses at best (not actual people). Personally, I'd be shocked to hear that more than ~4 millions (that's 0.05%) are holding their own keys rn.
We're still well within the innovator stage of the tech adoption cycle then. It makes sense that something was important as money would take so long.
I have a slightly different graph 😊 2009-2014: OGs 2014-day before CBDCs: Laggards CBDC era: Conversion will not be possible between e-cuckbucks and sats (officially)
Maths check out.
