5 ms·
The cult-like “hodl” culture in the Bitcoin community exacerbating the already limited supply of Bitcoins (if it were a stock, it would be a “low-float” stock,
by slyfocks 9y ago
The cult-like “hodl” culture in the Bitcoin community exacerbating the already limited supply of Bitcoins (if it were a stock, it would be a “low-float” stock, which results in increased vol) has served as the perfect breeding ground for a bubble.
As Bitcoin becomes extremely mainstream, those who hodl Bitcoin with religious fervor are increasingly becoming a smaller minority. Eventually it’ll reach critical mass and there will be enough disloyal Bitcoin ownership to cause a panic at the first significant sign of selling.