I can see a flash crash to sub $2k after the current bulltrap

[Catmony]

every day 2k of bitcoin created, who is going to buy them?
huge amount of bitcoins gonna be sold by Chinese, no one can buy them and hold the price above $2k, in fact, not even $1k.

$2k bitcoin is just nothing and it will never make any huge dump on market.

Another round of dump is quite likely right now because current bounce can't be justified by any reasons. Big guys can now make safe exit...

But under $2k is quite unrealistic prediction... Expecting dip upto $3k.

[aeternus]

Simply because the lack of Chinese bag holders to buy and hold our bags.

every day 2k of bitcoin created, who is going to buy them?
huge amount of bitcoins gonna be sold by Chinese, no one can buy them and hold the price above $2k, in fact, not even $1k.

Miners are heavily invested in bitcoin, even if that many coins are created everyday, that is not a big amount to begin with when there are already 16.5 million coins and most miners only sell enough bitcoin to cover their costs and they keep the rest in the hopes that bitcoin becomes more valuable.

[kwukduck]

Well that bulltrap wasn't hard to see, here we go. Down 10% already lol

[Samarkand]

...
No one initially. Just because miners are minting 1800BTC per day on average, it doesn't mean they will be sold automatically - miners are known to keep holding on to their coins after minting. If they end up cashing out a certain part of their mintings, they do that gradually to not drive the price down too much, because at the end of the day, they don't want to ruin their own game.
...

This is definitely true. Especially, because holding on to the BTC for some time has almost always been the most profitable
play in the last 8 years. Most miners probably need to sell at least a part of the mining rewards in order to pay for
electricity, payroll, hardware and taxes. But most miners have been around for some time and therefore
have accumulated a "warchest", which enables them to hold on to their coins for longer and by this
increase their profits.

Besides, most mining pool operators are big believers in the technology of Bitcoin as well, which makes
it even more likely that they are long-term holders.