Less coins now therefore it’s more scarce yet price is -70%.
I can’t word it any other way as I’m redarded. Ponder this and if you get it, accept it and then you can move more freely in your thinking. I’m not trying to be rude, I can’t explain this very well at all and I know in me trying I’ll do a piss poor job and look like an idiot.
I don't see scarcity as a price driver which is the point I think you're trying to get across. So we're on the same page there.
Scarcity in BTC works in kinda the same way liquidity does for a stock. The more illiquid (scarce) a stock the less buy/sell pressure it generally needs to send the price up or down. Similarly a lot of buy/sell pressure causes big jumps up or down in price.
As bitcoin becomes more scarce the easier it gets to potentially send the price up (or down) So yeah a few years of money printing was needed to send BTC to 69k. You probably wont need the same conditions for the price to hit 69K again if bitcoin survives and becomes more scarce.
Scarcity helps creates big price jumps both up and down, so from my point of view the more scarce BTC gets the better. My goal and presumably yours is to try catch the price action in crypto on a parabolic run up and try to get out before it crashes down. Scarcity helps facilitate (not drive) this price action.
