TL;DR
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There is a ‘silent accumulation’ of Bitcoin taking place, and it’s worth getting excited about!
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Accumulation is ‘silent’ because the one who buys does so in smaller chunks, over a longer period of time, and ensures that prices are not inflated.
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Plus: the wallets that buy this Bitcoin are ‘illiquid’. This means that they sell very rarely (if at all) – so chances are they are holding all this BTC for a hot minute.
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And lower supply + higher demand usually leads to higher prices.
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The increase in demand may be one way out, but either way, it’s a sign of long-term confidence from some entrenched investors.
Full story
Have you ever secretly practiced Super Smash Bros so you could open an unexpected can on your cousin Darrel at the next family party?
…No? Only U.S?
Okay, just as we’ve been quietly accumulating the hours of practice it takes to wipe that smug grin off Cousin Darrel’s face – a ‘silent accumulation’ of Bitcoin is taking place, and it’s worth getting excited about!
Let’s dive in and answer the following questions:
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What makes it ‘quiet’?
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Why should I care?
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And don’t you think you were a little heavy-handed with the whole Darrel thing?
First up: no, Darrel was a 30-year-old man who called himself “The Smash Bro Bad Boy” – he had it coming.
… for the rest:
Accumulation is ‘quiet’ because whoever buys does so in smaller chunks over a longer period of time.
Too many big ‘buy’ orders in quick succession can drive the price up.
Whoever is accumulating, be careful not to pump prizes.
As for why you should care…
The wallets buying up all this Bitcoin are ‘illiquid’.
This means that they sell very rarely (if at all) – so there is a good chance that all the BTC they buy will not sell again anytime soon.
(Decreased supply + increased demand, usually leads to higher prices).
The increase in demand may be one way out, but either way, it’s a sign of long-term confidence from some entrenched investors.
We’d love to see it!