I doth my cap to Carl's superior Bitcoin Knowledge
But have we all seen rektbot? I would estimate that degenerate gamblers are losing around 10k btc a day, due to margin calls using leverage.
And all this corn goes back to the exchanges, and they DONT FUCKING CARE about price action, they make money from the spread.
So they dump all this corn back into the market, some hodlers will grab some to never sell, but another swathe of degenerates will sweep it up, risk it and lose it all to the exchanges.
And the wheel goes round again
So for anyone getting fomo, there will, for a while at least be some corn up for grabs
Or have I got that horrifically wrong?!
nostr:nevent1qqsruxpv28qhjfzcpht2cpj9u75xeq7yqxfl6e96any3lnz2pfkxp6spzpmhxue69uhkummnw3ezumt0d5hsygrmny0hwmgymp7tt4p9j6yps7jjpa40c94jhxkjdkkxhrh8ds5yp5psgqqqqqqszuxpyq