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Author Topic: Backbone analogy for BTC current & future price movements  (Read 285 times)
206 bones (OP)
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January 23, 2020, 02:14:06 PM
 #21

And right now the halving is the biggest movement setter that the price will move upward in a very unusual way, and just like in the past halving is the main event that many adopters are looking forward that the price of Bitcoin will surely move in a big direction.

Indeed.

Many new comers will enter the space this year.

I'm long term bullish. (1 year +)

 Grin
stompix
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February 04, 2020, 05:53:29 PM
 #22

Quote
After the halving, demand will double the previous supply & maybe triple
Not sure where you get those stats from.

In May the mining production cuts in half. Ratio demand/supply doubles. I said it could triple because of all the fomo and willingness of the participants to sell.

Since you dropped that message to me and I've been following your explanations, I'll post this here instead of the other thread.
I agree with the others, you're pulling this number out of thin air.

For the ration to double, you must have at least constant demand or even increasing demand but, even then, it's quite tricky.

Let's, for example, say that currently since we're on an upward trend we have 18 million$ in a fresh offer (1800BTC mined a day) and we have 20 million$ in buys.
The halving comes, offer is cut in half, demand stands.
You have 9 million$ vs and 20milions$ in demand.

So, from 18/20 you went to 9/20.
You don't have an extra 2 million that are equal now of 1/10 of the production but 11 million which are 120% of the production.

But at the same time, the price growing would simply put this in reverse.
If we hit 20k for example, we're back to square one  Grin

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206 bones (OP)
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February 04, 2020, 09:12:37 PM
 #23

Quote
After the halving, demand will double the previous supply & maybe triple
Not sure where you get those stats from.

In May the mining production cuts in half. Ratio demand/supply doubles. I said it could triple because of all the fomo and willingness of the participants to sell.

Since you dropped that message to me and I've been following your explanations, I'll post this here instead of the other thread.
I agree with the others, you're pulling this number out of thin air.

For the ration to double, you must have at least constant demand or even increasing demand but, even then, it's quite tricky.

Let's, for example, say that currently since we're on an upward trend we have 18 million$ in a fresh offer (1800BTC mined a day) and we have 20 million$ in buys.
The halving comes, offer is cut in half, demand stands.
You have 9 million$ vs and 20milions$ in demand.

So, from 18/20 you went to 9/20.

I understand everything until here & your are just repeating what I said in my first post. Demand/supply ratio doubles.

Then I don't get where you are going with the following explanation. Could you be more clear?

Quote

You don't have an extra 2 million that are equal now of 1/10 of the production but 11 million which are 120% of the production.

But at the same time, the price growing would simply put this in reverse.
If we hit 20k for example, we're back to square one  Grin


Deman/supply ratio could triple because bullruns ignite media support which leads to more awareness, new comers & steady long term FOMO. So taking this moment as a point of reference, ratio d/s could double due to supply cutting in half & demand increasing due to what I just said above.
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