Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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
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.
Sure. The price may be whatever you want it to be for a small duration of time. Up or down equally. For a fraction of a second you may push it above the last ask. So what? In the next fraction of a second will return back, where is sustainable.
I was talking about equilibrium...
I fully understand you may not like it.