traders are dumping and buying 100k per day? can you point me the source of this? i don't really care about the demand and supply but only the supply so i can compare better the reduction in the "mining supply"
if it's indeeded 100k per day than ok 1800 is nothing to that lower than 2% and will cause a 4% up in demand like you said
You're looking at it the wrong way, I think.
It doesn't matter how many coins are flipped by traders each day. What matters is the net demand and net supply.
If we are talking about demand and supply.
Wheres the new volume of demand going to come from? geminis new exchange when it launches? its a shame i ask about bitcoin and my friends still give me a blank stare.
Where did it come from last time? Adoption waves leading to an imbalance in supply and demand that coupled with the hype cycle as the price starts rising, a new bubble.
This time bitcoin will be easily accessible via coinbase, circle, dozens of exchanges globally, ETN's, and soon hopefully etf's.
Bitcoin doesn't really have to do very much except stay in this trading range as the halving approaches and it will do it's thing.