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Topic: Why was $13,800 unsustainable? - page 7. (Read 1253 times)

jr. member
Activity: 378
Merit: 5
June 26, 2019, 06:09:05 PM
#3
The miners create 1800 bitcoin/ day, which means, with simple supply and demand, bitcoin will need ~$23.4 million of new investment/day just to buy the new bitcoin that is being created (not to mention holders selling new highs) to maintain that price.

I am not a miner and i am not a professional analyst, but is it possible that all miners sell their 1800 bitcoin a day? and why would all the miners sell their 1800 bitcoins a day? and about "holders". why would they sell their bitcoins? because I suppose that many of them are willing to hold for many more years

It could have saved a lot of people money in this fervor.

charging $ 19.99

https://www.amsinger.org/subscriptions

yes, you " saved a lot of people money in this fervor "


Lol if $20 is breaking ya, you are small fry.

1800 btc are mined every day unless the miners are deciding to hold massive amounts of coins at massively inflated prices. Does that seem logical to you?

If you were making pencils for 10 cents and some guy offered you $10 per you would sell all your inventory in a heartbeat.

That is how financial markets and regular markets work my friend.
legendary
Activity: 3038
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
June 26, 2019, 06:00:48 PM
#2
The miners create 1800 bitcoin/ day, which means, with simple supply and demand, bitcoin will need ~$23.4 million of new investment/day just to buy the new bitcoin that is being created (not to mention holders selling new highs) to maintain that price.

I am not a miner and i am not a professional analyst, but is it possible that all miners sell their 1800 bitcoin a day? and why would all the miners sell their 1800 bitcoins a day? and about "holders". why would they sell their bitcoins? because I suppose that many of them are willing to hold for many more years

It could have saved a lot of people money in this fervor.

charging $ 19.99

https://www.amsinger.org/subscriptions

yes, you " saved a lot of people money in this fervor "



jr. member
Activity: 378
Merit: 5
June 26, 2019, 05:47:22 PM
#1
The miners create 1800 bitcoin/ day, which means, with simple supply and demand, bitcoin will need ~$23.4 million of new investment/day just to buy the new bitcoin that is being created (not to mention holders selling new highs) to maintain that price.

I use LOGIC and NUMBERS to figure out my trading and holding strategies. I share this data with my clients on my site, please give it a look. It could have saved a lot of people money in this fervor.

https://www.amsinger.org/home-1

I will keep updating this topic as the crash continues or if I get interesting comments.

I really just want to help people save money and avoid the pain I felt in Nov 2018 when I was cleaned out for basically no reason.

What doesn't kill you makes you stronger,

Aaron
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