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UNLEASH THE FURY!


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March 13, 2018, 09:32:14 PM

It seems that everybody is forgetting that thousands new holders are entering each day, while the supply is increasing very slowly, and that the next halvening is coming soon. I am sorry for your illness, but it seems you are still obsessed by losing-it-all nightmares.

But is supply really increasing slowly ?

We get 144 blocks per day = 1800 Bitcoins

That`s 18 Million USD (based on 10k) new money is needed every day just to hold the price steady.

That is sort of true.

A certain percentage of these mined coins are going to be held by the end users.  Not knowing what that percentage is will allow us to determine that AT MOST we would need 18MM incoming to hold the price.  But if, for example 1/2 are held we'd only need to absorb 9MM at current market prices.

I tend to think how loose or tight the miners are has more to do with the direction and velocity of our price trend than in black and white though.