Post
Topic
Board Speculation
Re: Why was $13,800 unsustainable?
by
MegaAnalysis
on 27/06/2019, 04:32:24 UTC
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/sample-analysis

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

It's not a crash, rather a correction (a big one though). A medium term crash should come later after further gains. 13800 level should be crossed in near future.