Re: Why was $13,800 unsustainable?

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 am not a miner and i am not a professional analyst, but is it possible that all miners sell their 1800 bitcoin a day? and why would all the miners sell their 1800 bitcoins a day? and about "holders". why would they sell their bitcoins? because I suppose that many of them are willing to hold for many more years

Agreed. That is why I blame Tom Lee. He told everyone in the beginning of this year that bitcoin's fair value is $14k. He is scamming with everyone. $14k is his target to dump hehehehe. He tricked us!

And consider that there are a lot of people who will exit the market from 14k levels and above till 19-20k.
They will be in fear that this will be the top and they will keep selling every time the price rises.
In my opinion, from this levels and higher we will find difficulties in raising the price. Maybe it is time for alts to gain value.