Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

Quote from: aliro38 on December 15, 2014, 03:15:08 PM

Lol. Nice math you have there...

Think again: 13,6 mil (bitcoins in circulation already) multiplied by 24650USD (25000/target price -350/actual price)
Don't forget to add 3600 fresh btc/day (from mining) multiplied by 200...350days

I was trying to give you a hint but it did not work. Who said all 13.6mil coins have to be sold for the price to reach any value Huh

I gave 25k$ as an example as if everyone removes their ask, and one btc sells for 25k$ (or even a fraction of 1btc) then the price IS 25k$/btc.
You're welcome.