Post
Topic
Board Speculation
Re: How do miners affect the price of Bitcoin?
by
mk4
on 01/04/2020, 07:56:02 UTC
What do you mean by "selling pressure"? Don't you mean supply?  Also, bitcoins are not consumed. Bitcoins sold by miners yesterday are still available to sell today, so the supply is always increasing regardless of who owns it.

What I specifically meant by lower selling pressure: Miners' rewards per block are halved, hence fewer mined bitcoins could be dumped into the markets by the miners. Because some(or most?) miners needs to sell their coins to pay for electricity and stuff.

I think we're misunderstanding each other here lol.