Preface: I’m newish to bitcoin, so maybe this is obvious to everyone.
How did Core 30 improve the chance that my kid’s kids will benefit from my stacking?
- The price of #bircoin is down since the release
- All the people who look at on chain data say the OGs are selling
- OGs almost certainly have more domain knowledge than the buyers. Let’s say the buys are the ETF. The bros working for Blackrock and Fidelity didn’t know what the OP_return was when they got their job advising the guys who hired them.
- I hope nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8spz3mhxue69uhkummnw3ezummcw3ezuer9wcqs6amnwvaz7tmwdaejumr0dsh6049m and nostr:nprofile1qqsqt6gwlarurc8v4aw9hh2vkfdedxfh9zngmza0tlw4e66wf3fzvjqpz3mhxue69uhhyetvv9ujuuntw4ejuum99uq3vamnwvaz7tmjv4kxz7fwdehhxarj9e3xzmnyvgsfq5 are spot on that their analysis. I’ve learned so much from them. If so, this price action seems to be is a good thing.
Or…
- Maybe the people selling think the project isn’t what it was 2 months ago and maybe the people buying don’t know what a node is and what CSAM is.
I’m new-ish to bitcoin so maybe this is too simplistic, but maybe smart hands are selling to less informed hands and no one wants to admit it.
Back to work.
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Replies (3)
To answer your initial question on core 30. It does zero to help your future generations benefit from your stacking. In fact it may be a net negative (yet to be seen).
OG’s are always going to face incentives to sell, and they should. This is healthy as new buyers will come in at a higher cost basis.
From one dad to another, we’ll be ok. I bought in 2022 at $56k and rode that all the way down to $15k (stacking the whole time). This is nothing compared to that. This is Bitcoin.
I needed to hear this today, though I’m not selling.
56k to 15k is indeed a wild ride - well don’t buying along the way. 👊
I look forward to your next vlog.
Price has nothing to do with core v30. Nobody actually cares about this opreturn debate, it's the biggest battle of the nerds on the internet. Completely irrelevant to the price.