How is this small group of Billionaires buying up 25% of all circulating Bitcoin and not instantly pushing the price higher? They are acquiring directly from Bitcoin miners and are building mining farms themselves. However to get to 25% they enter the market and Bitcoin booms.https://twitter.com/BrianRoemmele/status/1147158589603110913 …
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Replying to @BrianRoemmele
The number of Bitcoins available to buy directly from miners is INCREDIBLY small.
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Replying to @chowcollection
Stephen, Indeed. I hear ya. Still 1,800 bitcoins per day is still useful to this group. The deal they could have with the miners to pay above market so it does not move the price on the exchanges and simultaneously buy a reasonable amount on the exchanges, they will accumulate.
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Replying to @BrianRoemmele
I'm skeptical that you could even get 10% of these 1,800 Bitcoins per day from the miners. They don't have any control over the increasing hash rate from new competitors so they can't guarantee how many Bitcoins they can sell them over long periods of time.
2 replies 0 retweets 1 like
Stephen, I hear ya. I agree to some extent. This does not stop them from acquiring Bitcoin with no impact to Exchanges, until Boom it sky rockets “for no reason”. This is one reason for the rise of Bitcoin prices recently.
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