There are 1500+ candidates to become future world currency at this moment alone and many of them already perform better than BTC. Have you counted in the chance that BTC might go down to zero when atomic swaps will remove requirement to use exchanges and BTC as a liquidity pool?
You are viewing a single comment's thread from:
Bitcoin does not act as a liquidity pool for the amount of money you are talking. if you want to sell bitcoin for fiat, do it. if you want to sell bitcoin for alts...go right ahead. bitcoins function as a liquidity pool accounts for a very small portion of why the price is so high. the price is high because there are so many hodlers.
On the other hand, why are there so many hodlers? Because they know there is a demand for bitcoin. And why is there a demand? Is it a good measure for payments, can it store value reliably? No, it isn't and it can't. But it is a good pool of liquidity. And when it wont serve this purpose too then hodlers might as well turn to bagholders.
most of the "hodlers" youre talking about have left the market because well, they are panic sellers. Most bitcoins are hodled because bitcoin has the largest chance of becoming the world's international currency. By the way if you ever see it approaching this you should sell and buy gold.
That's why I diversify crypto investments and don't try to accumulate as much BTC as possible