3600 ... coins

[azguard]

Which part of '3600 coins per day' do you not understand?
Bitcoin is still in socialist distribution phase for the next 5 years. So why on earth do you try to pump it? Are you monkeys or what's your problem?

next 5 years, do you know that in 2016 an halving is incoming?

1800 will be produced

Sure but seem like they dont know that or they dont want to know.
In any case still to be stable price miners need to hold mined btc not to sell it.

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[af_newbie]

Which part of '3600 coins per day' do you not understand?
Bitcoin is still in socialist distribution phase for the next 5 years. So why on earth do you try to pump it? Are you monkeys or what's your problem?

production costs are $275-$300 per bitcoin.  Just think about it.

To push this to $50-$100 might be more difficult to do than most shorts want to admit.

Miners probably started buying about now.  They will be buying below $300 IMHO.
Speculators are getting out now.  Will they push this below $150?  Time will tell.

People who are committed to bitcoin will not sell now, they will add.  Investors are adding now.
Especially those who mined coins before and those who went through these type of "bubbles" before.

Even commercial farms can mine for 6-12 months without selling any coins.  They all sit on healthy
fiat profits, so I would not worry about them dumping 3600 coins a day, maybe 1000.
What is 1000 coins a day in this market?

[azguard]

yes now all are buying miners investors and all others.
will price go bellow 150, answer no
real price for mining is around 300$.

but some big miners that i know sold more then half of there equipment.
cuz they panic from price going down.

mistake i think yes.

[danielW]

3600 bitcoins per day means about 10.5% increase per year. So should only account for  a 10.5% drop.

Eg. a drop from $1100 to $984.5 over a year would be from mining.

[caga]

Which part of '3600 coins per day' do you not understand?
Bitcoin is still in socialist distribution phase for the next 5 years. So why on earth do you try to pump it? Are you monkeys or what's your problem?

next 5 years, do you know that in 2016 an halving is incoming?

1800 will be produced

WOuld be interesting to see what happens to the price then

Not sure if the argument of op would apply to the price then.