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RE: Can Bitcoin Be Shut Down?

in #bitcoin5 years ago

It's hard to be stopped now... Adoption is starting to get some traction.

However, there are strange accumulation games being played.

j5pac8.png

As you can see, 17.51 Million of BTC are being held in long term positions. 🤔
Considering that the current supply is 18.23 Million, this leaves very few Bitcoins for the rest of us.

It also means that all of these games of manipulations, with severe pumps and dumps is being done with a mere 500 000 Bitcoins or so! 😲

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We also need to account for BTC lost in dust and BTC lost forever which combined is a few million too. I agree there is very little liquidity and I don't exactly see that as a bad thing, it will always be that way and continue as the inflation decreases pushing it into higher price points until the liquidity exchanged has very little effect on the price and we're having things like 1% - 3% changes as our regular ebbs and flows

Lol until then i'll be stacking my sats and being part of the long term HODL