I didn’t manage to convince the wife back in the day to get a VW Transporter. Still regret it to this very day.. It’s superior to a pickup in pretty much any area except when attempting to drive over a mountain in as straight line.. For American reference: It seats up to 9 ppl, still has a big trunk and is indestructible engine-wise. You can also upgrade it to a semi-campervan with a double bed on the roof. Since then, my only life goal has been to get enough kids that we HAVE to get one of those, because they won’t all fit in a regular car/suv.
My brother-in-law has been beating this drum for a while now. I think it’s finally time to pull the trigger. Any advice on what to (not) get?
In the spirit of the original bearwhale, maybe he could suppress the price for an extented period of time. Though I can’t think of any reason why this would benefit him, except to give the US gov sufficient time to accumulate at their expense.. (in a gun-to-head style scenario)
I don’t think so, and I’ll tell you why. If he decides to smash sell all his coins, he tanks the market and the majority of his stash will be sold for pennies on the dollar. He basically bankrupts his company and nukes his entire networth for a flash crash with a most probable flash recovery shortly after. Highly unlikely if you ask me. Even in a gun-to-head kind of situation.. If he takes his time to sell the stash, markets price it in. We roughly know the size of his stash, and the extents of his potential sell pressure. It can’t last forever so the price will probably drop for a while, but not dramatically, I think.. As they said in the old days, you need Bitcoin, not the other way around. My best guess is this applies here too.
It depends on the OG-ness of said Bitcoiner, I guess.. If the average buy price of a meaningful stash was an order of magnitude lower than the BTC price today and they’re freaking out then I guess they weren’t really Bitcoiners after all. You know, low time preference and such..
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