
Discussion
$5 is for wimps!
* Self custody is important. After a purchase you must pull off the exchange. *
But let’s look at some numbers:
6.25 #BTC /10min ~ 900 #BTC /day
At current prices that would indicate production could absorb a $27,000,000/day demand. This amounts to about:
$810,000,000/ month
Which is $9.7 billion/year
If there are about 500,000 hodlers globally,
Each hodler would have to invest $19,500/year (ABOUT $53/day) to keep the $30,000 price floor that we currently have.
1. We need more hodlers.
2. Each hodler needs to reach deep and do more than $53/day.
I propose we all skip lunch today, and add that $15 saved to a purchase and pull it off the exchange.