Quote from: cocoadreamboy on June 26, 2019, 09:47:22 PM

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

That is a very simplistic way of looking at it... but there is much more to it mining than a simple input/output view...

I dont know if you are aware of the amount of people mining.... just from SlushPool there are over 15,000 active users, all of which have varied and hashrates... which means different payout ratios and varying amount of Bitcoin rewards... Some miners do not even withdraw their BTC for months, let alone sell.

Just because there are 1800 BTC created everyday, doesnt means there needs to be $20M+ of new investment everyday...

However, there is always a cost associated with generating 1800BTC. Electricity Cost/hardware depreciation etc etc... this cost would need to be paid out regardless...