Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
ok thanks
what I really meant is: since the amount of new mined coins per day is something between 3000 and 5000 (*), do you really think this little volume will be so influential in moving down the price?
(*) those days we're nearer to the upper bound due the growing global hashrate
It could be argued either way but after the last halving, the price rose though many thought it should have no effect.
When things are quiet like this, there's not a lot of people looking to buy so even a small increase in the supply could be enough to slow the upward effort. A steady climb is better overall though.