Post
Topic
Board Speculation
Re: BTC Price is crashing today.
by
Blinken
on 18/09/2014, 14:34:40 UTC

Thats a pretty interesting video.

Just to summarize this for people who don't want to listen to this guy's 15 minutes rambling lecture:

At current rates, the bitcoins generated by miners are worth $650 million per year. So, that means for the price to be stable, that much money must come into the Bitcoin ecosystem. If less buying interest than this occurs, then the price will drop (and vice versa).