Re:Bitcoin’s Overnight Collapse Probability Is About 50%
by arcticbull on Wednesday February 17, 2021 @01:29AM
(#26163369)
> As soon as the BTC market reaches maximum penetration and no new buyers can be found, Bitcoin becomes price stable.
Bitcoin is negative sum because the miners constantly have to sell Bitcoins for real currency to pay their electric bills. The equilibrium point is when the new money entering the system is equal to the cash value of block rewards. The higher the price, the more new money has to come in to keep it stable.
Currently, Tesla's $1.5B investment is about 4-5 weeks of electric bills (lmao).
The point at which there are no new buyers is actually a negative slope point.
Bitcoin is negative sum because the miners constantly have to sell Bitcoins for real currency to pay their electric bills. The equilibrium point is when the new money entering the system is equal to the cash value of block rewards. The higher the price, the more new money has to come in to keep it stable.
Currently, Tesla's $1.5B investment is about 4-5 weeks of electric bills (lmao).
The point at which there are no new buyers is actually a negative slope point.