Bitcoin Daily Discussion, December 28, 2019

Daily Discussion, December 28, 2019
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Daily Discussion, December 28, 2019

Posted: 27 Dec 2019 11:00 PM PST

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

We have a couple chat rooms now!

Please check the previous discussion thread for unanswered questions.

submitted by /u/rBitcoinMod
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Was tipped this at work today.

Posted: 27 Dec 2019 05:13 PM PST

submitted by /u/jcorrigan322
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What nobody usually mentions about Bitcoin.

Posted: 27 Dec 2019 11:29 AM PST

At current prices almost $13,000,000 of new bitcoins are mined every day. That almost $5 billion a year. These have to be absorbed constantly just to keep the price stable.

When the price drops like to 6500 or really any price, I think about all the new money needed to absorb the supply. I am always amazed it doesn't drop more. From time to time I buy a little more when prices drop.

The halving will cut the current 1800 new bitcoins a day to 900. If the price goes to $20,000 that will be $18,000,000 a day after halving.

My point is this. I have no idea what price bitcoin will be next year or even in a few years. But I am exceedingly confident in the long term and every time the price drops but doesn't continue to drop, it makes me realize just how strong bitcoin is, even with 1800 new bitcoins every day.

submitted by /u/foomev2
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Framed The Blockchain Ledger of The 1st Bitcoin I Ever Bought

Posted: 27 Dec 2019 06:27 PM PST