2) There is no unlimited capital from someone like me, even if you might have the sense that I have unlimited capital because I maintain buy orders down as far as I do. It seems that it has taken me years to be able to get to the point to be able to establish maintaining orders and without running out of money. However, if the BTC price crashes 50% from here (which would be nearly down to $14k), then based on my current set up, I run out of money at $19k don't I? That's far from unlimited.
I was merely speaking metaphorically after seeing you DCA from $60,000 going down to $30,000, which from a sanity-preserving standpoint, it's honestly very impressive.
On another topic, the IMF wrote a white paper about Bitcoin, and Corruption and Capital Controls, to which they concluded that,
Cross-country regression analysis using a general-to-specific approach finds that more crypto usage is empirically associated with higher perceived corruption and more intensive capital controls. Overall, our interpretation, combined with a principle of prudence given the rapid increase in macroeconomic relevance of crypto assets, is that this evidence adds to the case for regulating crypto usagefor example, by requiring intermediaries to implement know-your-customer procedures. The analysis also shows the need for better data to understand the dynamics and the key driving factors behind crypto adoption. Meanwhile, work should continue in using the technologies underlying crypto assets to realize the potential benefits to financial inclusion and the efficiency of governments.
https://www.imf.org/-/media/Files/Publications/WP/2022/English/wpiea2022060-print-pdf.ashx I believe the truth is, it's actually corruption that creates the demand for technologies like Bitcoin.
