I think Neal mentioned in the Leo podcast that Chines miners have some problems with the government so they are not able to sell at the moment. That could also play a part in BTC price.
Posted Using LeoFinance Beta
I think Neal mentioned in the Leo podcast that Chines miners have some problems with the government so they are not able to sell at the moment. That could also play a part in BTC price.
Posted Using LeoFinance Beta
Hm, yeah... that for sure plays a factor. However, when we look at who's buying and the shear volume around this historically bullish period... inflation generated by a group of people in one part of the world isn't a huge deciding factor. Certainly it makes the supply crunch worse but I'm not sure how much worse. How much higher does Bitcoin need to go to lure holders into selling the share of coins that Chinese miners can't get rid of? No idea.
no idea, i don't even know how much you need to own to be ready to sell something :D my pathetic amount makes me cry even when i am trading 50$ to get hive or eth. Wanted to buy few more opendime-s but my only reasonable option is buying with BTC, so i just gave up as i don't want to spend it :D