Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.
Yeah, sure, I don't disagree that this is definitely putting more pressure on the price than when there weren't any coins being mined every day. That's also the reason why everyone is waiting for the block reward halving. The supply isn't new, though. And never underestimate speculation.
It's not as much as a trigger - the halving will be priced in well before it occurs. We may already now pricing it in slowly without even realizing it. Then again, it could push the next potential bubble way higher than otherwise (without the halving).
Considering the amount of coins that can potentially be sold every day just for the sake of it, we must congratulate ourselves for even price stagnation. As long as the price doesn't decrease rapidly by orders of magnitude, time is actually our friend.
Yeah, I guess you are right. I for one would like to enter a short position in a definite and clear bear market, though. And right now things seem to be as tense as never before
