Why is the price from #bitcoin…

Why is the price from #bitcoin in fiat DOWN if it is superior money?

First we need to understand:

We have different kind of buyers and holders of bitcoin.


- Small group of people who hold/buy bitcoin no matter what fiat price

- Small group of people who earn bitcoin from their labor

-A group of people who buy bitcoin with short or long time preference, to sell it later for fiat or and other assets because they see X % return in fiat terms

-A group of people who invest with borrowed money, most of the time it is with bitcoin as collateral asset => if the price drops certain amount they get forced sellers
This group will sell also at certain prices.


Summery


You have many different buyers, some will sell at some point other will be forced sellers at certain point. It is very natural for a market to go in waves and not in straight line up. Bitcoin is also advancing how easy people can use it. The waves are not only the behavior of the groups aboven but also the expanding of people who are willing to own it because of knowledge or greed or both.




#AcceptTheWaves
#StayHumbleStackSats
#LowerYourTimePreference
#IgnoreTheHighTimePreferencePeople