Why $13,000 was unsustainable.

[cocoadreamboy]

When bitcoin's price is $13,000 it would take $23.4 million per day of new LONGTERM investment to maintain that price simply to pay out the 1800bitcoin/day that miners produce. If $13,000 was maintained throughout the year it would take $8.5 billion of new unflinching holders to sustain that price. The price just took a dump to $11,760 for this reason.

Personally I think $13,000 laughably high. I think this because I use numbers and financial data to understand bitcoin. I do not wish. I do not hope. I know what a good price to buy bitcoin is because I understand the risk based on the creation cost.

If you want to understand bitcoin in a financial sense, and not in a magical & mystical sense, you can learn more at this site:

https://www.amsinger.org

Without things like creation cost and cash flow analysis I would be lost in bitcoin. I would be slave to the whims of the whales, pumping whenever they want and dumping whenever they want. Instead I use my mind and these numbers to know when it is logical and low risk to buy and conversely to sell.

Aaron

P.S. Come on trolls, I am ready for you. Only a troll sees someone using facts and data and sprays cuss words and insults. Intelligent people ask questions or make logical statements, they do not yell at numbers.

[WinslowIII]

You're so full of shit. If all you are going by is the cost of mining then $12k isn't any different than $13k. I can't believe you charge money for your dipshit analysis.

[cocoadreamboy]

You're so full of shit. If all you are going by is the cost of mining then $12k isn't any different than $13k. I can't believe you charge money for your dipshit analysis.

Thank you so much for cussing! It makes so much sense that you hate numbers!

You are clearly pushing an agenda, and I support you!

Kisses!!!

[WinslowIII]

You're so full of shit. If all you are going by is the cost of mining then $12k isn't any different than $13k. I can't believe you charge money for your dipshit analysis.

Thank you so much for cussing! It makes so much sense that you hate numbers!

You are clearly pushing an agenda, and I support you!

Kisses!!!

You are the one looking to hustle your stupid ass trading business here and I'm the one with the agenda?

[cocoadreamboy]

You are the one looking to hustle your stupid ass trading business here and I'm the one with the agenda?

yes, why would any normal person begin cussing at a simple thread about the financial needs to sustain a price in a supply and demand market?

Someone with an agenda.

People who don't care, don't tend to cuss out people they don't care about.

[xhomerx10]

Sometimes people swear as a matter of self-expression.  WinslowIII is probably cussing for emphasis.

[cocoadreamboy]

Sometimes people swear as a matter of self-expression.  WinslowIII is probably cussing for emphasis.

Not appropriate on this board. Read the rules.

[WinslowIII]

You are the one looking to hustle your stupid ass trading business here and I'm the one with the agenda?

yes, why would any normal person begin cussing at a simple thread about the financial needs to sustain a price in a supply and demand market?

Someone with an agenda.

People who don't care, don't tend to cuss out people they don't care about.

I cuss because you annoy. Why don't you peddle your business elsewhere?

[cocoadreamboy]

I cuss because you annoy. Why don't you peddle your business elsewhere?

Thank you paid troll. Learn self discipline.

[WinslowIII]

I cuss because you annoy. Why don't you peddle your business elsewhere?

Thank you paid troll. Learn self discipline.

I'm not a post whore, do you see some stupid shit in my signature?

"If you want true bitcoin data and research checkout my site:
https://www.amsinger.org"

Who's the post whore, bitch?

[exstasie]

P.S. Come on trolls, I am ready for you. Only a troll sees someone using facts and data and sprays cuss words and insults. Intelligent people ask questions or make logical statements, they do not yell at numbers.

"Data" sure, but "facts?" The conclusions you've drawn are pretty dubious and it was explained by multiple people why in your other thread. Why did you create a new thread with the same title?

If your numbers are so good, why don't you trade based off them and profit? Why go after $20 subscriptions?

[WinslowIII]

P.S. Come on trolls, I am ready for you. Only a troll sees someone using facts and data and sprays cuss words and insults. Intelligent people ask questions or make logical statements, they do not yell at numbers.

"Data" sure, but "facts?" The conclusions you've drawn are pretty dubious and it was explained by multiple people why in your other thread. Why did you create a new thread with the same title?

If your numbers are so good, why don't you trade based off them and profit? Why go after $20 subscriptions?

This knucklefuck thinks that $13k is unsustainable because there's not enough money coming into exchanges to buy all of the newly mined bitcoins. He simply takes all new coins mined per day and multiplies the price and assumes all new coins are immediately thrown on exchanges the second they are mined. However, $11k or $12k or $10k or whatever is somehow sustainable given his idiotic logic.
And he expects people to pay him for his "knowledge".

[timerland]

When bitcoin's price is $13,000 it would take $23.4 million per day of new LONGTERM investment to maintain that price simply to pay out the 1800bitcoin/day that miners produce. If $13,000 was maintained throughout the year it would take $8.5 billion of new unflinching holders to sustain that price. The price just took a dump to $11,760 for this reason.

This might make sense in the long run, where you have to obviously account for inflation (in BTC's case, the 1800 BTC/day figure that you've mentioned). But in the short run, the markets are more irrational than you think. Short run markets don't necessarily always account for inflation, especially when the percentage of new coins minted is so low compared to the existing monetary base.

So no, I don't think that this is the reason for the current dip. Short term dips usually has nothing to do with fundamentals anyways, but more about emotions. This time, it's due to the fact that BTC was unable to breach the $13k resistance, imo.

Also, why do you think that $20+ million per day over the long run is something that is unsustainable at all? Especially when BTC is within its growth phase, it would be a surprise if long term averages do not reflect investments with this type of magnitude.

[LeGaulois]

What about this? https://whale-alert.io/transaction/ethereum/fd83697b1dd34a08de1ea8b86a1330bba6512ea0eed92ed3b742de1f3177977e
I haven't seen someone talking about it, could it the reason for the slap we got today? I wish it is because Bitcoin will surely come back to $13,000 this week... just another Panic Day...

[cocoadreamboy]

I'm not a post whore, do you see some stupid shit in my signature?

"If you want true bitcoin data and research checkout my site:
https://www.amsinger.org"

Who's the post whore, bitch?

Thank you for cussing! Thank you for showing who you are!

[peter0425]

What about this? https://whale-alert.io/transaction/ethereum/fd83697b1dd34a08de1ea8b86a1330bba6512ea0eed92ed3b742de1f3177977e
I haven't seen someone talking about it, could it the reason for the slap we got today? I wish it is because Bitcoin will surely come back to $13,000 this week... just another Panic Day...

Right, we just barely touches $13k and then boom, in a snap the price suddenly go back to $12k. It was a flash crush, so someone from behind is easily manipulating it. Oh well, I'm sure everyone knows that whales can do that, so we need to wait and see next time if we can at least sustained it for a day, lol.

[xhomerx10]

Sometimes people swear as a matter of self-expression.  WinslowIII is probably cussing for emphasis.

Not appropriate on this board. Read the rules.

 I've read the rules a couple of times.  It's fine.

[WinslowIII]

I'm not a post whore, do you see some stupid shit in my signature?

"If you want true bitcoin data and research checkout my site:
https://www.amsinger.org"

Who's the post whore, bitch?

Thank you for cussing! Thank you for showing who you are!

You have shown you are a scammer. You have some moronic ideas of where the price is going and you are looking for idiots to pay you for your "knowledge." This is why I find you annoying. The truth is you have no idea what gives bitcoin value.

[cocoadreamboy]

You have shown you are a scammer. You have some moronic ideas of where the price is going and you are looking for idiots to pay you for your "knowledge." This is why I find you annoying. The truth is you have no idea what gives bitcoin value.

You have show that you are vulgar, and lack any sort of insight lol

Thanks troll!

[cocoadreamboy]

As it continues to drain due to natural market conditions, I would like to stress the importance of understanding bitcoin before you throw money into it. I didn't have data when I started. I got lucky. But now I publish this data for everyone, and now I am not surprised.

https://www.amsinger.org