Bitcoin production is supposed to be about 7200 coins per day, which at $13.75/BTC is currently $99,000. So, right now, it takes about $100,000 a day in new money to keep the price of Bitcoins stable.
We just saw this on the 4th of July. No one was putting much new money into the markets, since it's a US bank holiday, and the price dropped from $15 to $13. The "weekend slump" has been mentioned previously. But it's not because people aren't trading - that's symmetrical. It's because they're not depositing new cash.
How long will the supply of suckers able to collectively put in $100,000 a day hold out?
i dont think it should be looked at from a point of needed 100,000$ new capital each day. more from the volume perspective.
rather we need min 7200 volume each day to stay stable ? (assuming no old coins sold and all new mined coins sold)
even these days with the low volumes being traded we are easily clearing that goal...
enough so to cover plenty of old coins being sold each day, but they will run out more and more and eventually the base value of a coin will be worth more each time it is traded at a rate higher than it was bought for.
please critique.