Miners have to pay their bills every month, so they need to sell part of their mined Bitcoin holdings. This would, theoretically, put downward pressure on Bitcoin prices each month. Therefore, investors might think they just need to wait each month for Bitcoin to reach their desired price. But does waiting actually lead to a lower price over time? What is wrong with this assumption?
But does waiting actually lead to a lower price over time? What is wrong with this assumption? That isn't my assumption. My point is that we won't see the Fomo to EOY that others are clamoring for.
It was mine assumption. I was thinking loud and hope someone proves my theory wrong.
I don't think the smart money will wait for prices to fall because they understand markets. They will buy steadily.