I think a major fact many are missing and a figure probably difficult to quantify is the amount of buying occuring OTC and into hands of long term investors that continue to limit the amount of supply outstanding...
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I have always wondering why OTC trading does not affect prices more. I mean, in a way, isn't OTC trading the same as black market trading?!
Falling below 6K will also make mining less profitable! Assumed some deep pockets have already saved us from dropping further a few times now
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That is a good point. We are already below many places break even cost of mining.