"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." -Henry Ford
if you ever feel dumb just remind yourself there are people who owned Bitcoin and just sold it at the new ATH because "le lines on le chart" 🤣
#btc #stacking
It doesn't take a certain amount of "inflows" (another misnomer I hate) to get a certain amount of price increase. Price is determined by what the weakest holder is willing to sell for. If one holder will sell a coin at $70,000 and no one else will sell until $100,000, the price goes $70k-$100k with zero $ of "inflows".
Don't be the guy who sells at 70.
The fundamental economic problem of our age is that no one understands money. Fractionally reserved debt/fiat currency issuance by banks IS centrally planned wealth redistribution. It's not just the central bank, it's not just the politicians, it's the banking system. You can't compare capitalism and collectivism in a world of fractionally reserved debt/fiat currency; free market capitalism doesn't exist in that world, just different flavors of collectivism. Henry Ford was right.