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RE: What do you think happens to the price of Bitcoin when Publicly Traded BTC Miners stop selling the Bitcoin they mine?

in LeoFinance4 years ago

Yes, but the real problem is determining where it will start. If it runs straight to $100k then even a 30% correction only brings it to $70k, over 20% higher than we are now. I'm not a financial advisor by any means but, as I've told every single person I know, multiple times, get in the game. Just buy some. If you wanna put in $10k, then put in $3k here and average in with the rest. At least then you're not sitting on the sidelines if it runs away from you. Get a piece and then decide when and what you want to do with the rest. Personally, I have an autobuy in to buy $100 every two weeks until it hits $100k. Hopefully it stays below that number long enough for me to get a decent amount.

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Good point. This is exactly what I was thinking of. We were just talking about it and a correction in BTC price is happening now. lol I'm getting in... :)

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