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[SCAMEXPOSER]

The rate at which bitcoin is been adopted by very powerful institutions across the world is already having scarcity effect on the coin.
Glassnode revealed that most miners prefer to hold their bitcoin now instead of selling them despite increase in it price. It also revealed that more 1.8 million bitcoin are been held up by miners currently.
What do you make of this?.

 

[Balint098]

It's okay. The scarcity will push the price even further upward. Glad to see how bitcoin becoming more and more mainstream these days. I'm starting to hoard bitcoin myself.

 

[SCAMEXPOSER]

I am very optimistic bitcoin value will appreciate been a scarce commodity that is been embrace on daily basis is a printer of higher value ahead if most holders and investors can be patient.

 

[Josemendez]

The rate at which bitcoin is been adopted by very powerful institutions across the world is already having scarcity effect on the coin.
Glassnode revealed that most miners prefer to hold their bitcoin now instead of selling them despite increase in it price. It also revealed that more 1.8 million bitcoin are been held up by miners currently.
What do you make of this?.

This is good news but then I was thinking that the price could have been more than what we have today if this is the case , the price is still below 12k value

 

[SCAMEXPOSER]

This is good news but then I was thinking that the price could have been more than what we have today if this is the case , the price is still below 12k value

The massive sales of bitcoin by the miners flooded the market thereby making the price to fall and also the sharp recovery of the dollar currency.

 

[Tappman]

To those miners currently holding thier bitcoin this could later come out to bite them in the rear because the market could at anytime twarth itself and make their held bitcoin less valuable.

Anything is possible but this is unlikely long term. Major institutions are adopting bitcoin for their investments, payments, savings such as black stone, banks, coca-cola. If these miners can afford to operate when the price is low it will pay off down the line - but the price drops for years at a time so it's a risk for sure.

 

[KarthikP]

That's a good news because there is a possibility now for the Bitcoin price to further increase, maybe even upto $20000 in the coming days. Lower the supply , higher is the demand.

 

[ELSA-ELI]

Looking at the current situation as of today it is presumed that bitcoin will begin to adjust upwards or maintain its value because economies and sectors all around the world are injecting into their economies to avoid any fiscal cliff.So the dollar will gain momentum and value.

 

[Ewogboka]

If there is continuous adoption of bitcoin by different people and companies, it means each of these categories will purchase bitcoin to either hold or trade them so it will not be readily available as it was last week making it scarce and high in value.

 

[Josemendez]

The massive sales of bitcoin by the miners flooded the market thereby making the price to fall and also the sharp recovery of the dollar currency.

Do you really believe that a fist currency like dollar has effect on a cryptocurrency ? , I don't really think so . Based on what you said I think the miners stop selling in order that the price will rise

 

[SCAMEXPOSER]

I had to believe that because some analyst made mention about dollar recovery as part of the crash bitcoin experienced last two weeks, I am still learning how US dollar has effect on bitcoin value rise or fall