Quote from: cocoadreamboy on June 26, 2019, 10:09:05 PM

Quote from: Slow death on June 26, 2019, 10:00:48 PM

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 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

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

It could have saved a lot of people money in this fervor.

charging $ 19.99

https://www.amsinger.org/subscriptions

yes, you " saved a lot of people money in this fervor "

Lol if $20 is breaking ya, you are small fry.

1800 btc are mined every day unless the miners are deciding to hold massive amounts of coins at massively inflated prices. Does that seem logical to you?

If you were making pencils for 10 cents and some guy offered you $10 per you would sell all your inventory in a heartbeat.

That is how financial markets and regular markets work my friend.

Yes its does sound logical.

Get debt funded mining op

mine coins

go bankrupt

coins hodl

2 your analogy is flawed, making pencils for 10 cents, only 100 pencils can ever be made. wait for $1000 each