Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
so yet again someone puts 2k+ coins on Stamp and Finex and pushes the price down on Huobi, who the hell can afford to sell 5k coins every few days for weeks? It's like he waits for the last batch to clear to the bank before selling another 5k+
Miners. They make 6 * 24h * 25BTC = 3600BTC/day. They have to sell them to cover the cost of electricity + equipment.
good thing the miners of 2010 still have to sell for their electricity bills right?
.. not all miners are new guys.. them old guys have many buffer left..
most miners mentality is not to sell if they dont have to.. if they did.. market price would be 1$
All i see is 1 or 2 whales pushing price down for months. when they get stuck.. they pump it up. until market slows down .. then putting walls on top of it.. and push down again.. they gonne do this until they are loaded with cheap coins.. or until market sais : halt..
i think we are at the halt phase.. 450 ish.