bitcoinwell on Nostr: Everyone wants a scary reason the price has felt heavy lately. Here's a calmer one: ...

Everyone wants a scary reason the price has felt heavy lately. Here's a calmer one: distribution.

Some of the oldest coins on the network have been waking up and changing hands. A great example is this story from last year that's going viral right now: 10,000 bitcoin bought in 2011 for $7,805, untouched for over 14 years, then moved for more than $1 billion. One anonymous address. About 140,000x. No press releases the whole way.

When decade-old supply finally sells, it meets the market, and price can sag while those coins find new owners. That is, honestly, the healthiest thing a monetary network can do.

Look at who actually holds bitcoin. Not a boardroom. Not a few insiders with lockups and scheduled sell plans. Plebs and anonymous OGs who bought conviction a decade ago and never asked permission to keep it. Coins moving from old strong hands to new strong hands is the distribution working as designed.

And the part nobody tells you: that 14-year clock was never a 2011 privilege. You can start yours today.

Buy what you understand. Hold your own keys. Let time do the work no trader can.