Exactly and to me that combined with the daily new highs tells me it is all buying pressure.
Bitcoin Price Thread
- Thread starter Magna
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I agree. The debate was simply technical. Nobody is buying bitcoin because it is supposed to be inflationary, they are buying it because it goes up.
Serious question. How do you know that?
So you are buying as well thenI agree. The debate was simply technical. Nobody is buying bitcoin because it is supposed to be inflationary, they are buying it because it goes up.
Why would they sell? They have gone to a lot of trouble. They are the true believers.
So you are buying as well then
This is actually an interesting dilemma for soneone starting out today, which one to get into? (assuming he doesn't want to or can't diversify). There are at least 8 candidates:
https://cointelegraph.com/news/pric...hereum-bitcoin-cash-ripple-iota-litecoin-dash
Probably diversification is the answer, but again, with small money the fees can eat away big chunks of the profits (assuming investing in regular intervals)
I agree. The debate was simply technical. Nobody is buying bitcoin because it is supposed to be inflationary, they are buying it because it goes up.
Ethereum is inflationary. Ripple is deflationary as they are burned as transactions take place. Ripple is the bankers coin, it will replace Swift and lower the capital needed to do transfers.
Assuming it is true it is just one guy with hardly any share of total and lots of little folks wanting his coins.
So you do not now know and just guessing like the rest of us. I think miners are just in it to make money nothing to do with their effort or true believers but I'm also just guessing with that. Wish I knew some of the big miners to know what they are doing.
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He can't. I have been researching the net, but simply there is no way to tell how miners use the new coins, and big miners aren't talking.
It is probably a huge decision for them too, sell now or hold for more? Another big decision is, which crypto to mine?
If mining was already profitable a year ago at 1K BTC, we can bet it is still hugely profitable now, so the pressure of selling to cover expenses is probably less (for big mining farms). But the high price isn't guaranteed forever, maybe that is where the futures come in to lock in price...