Post
Topic
Board Speculation
Re: $100K Bitcoin Prediction Using Math.
by
Peteroman
on 18/08/2017, 14:59:06 UTC


Again this is wrong. Miners don't make the price!
I'd guess you're the noob who made this video right?!
Miners have no influence of what the price of Bitcoin will be, except dumping the coins to the market they hold.
It's not the miners who give Bitcoin it's value. They are just 1 part of several more with much more significance!

Miners decide the price meaning: they sell their coins at a price higher than it cost to mine them.