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Andreessen said on Twitter earlier today that he thinks the BTC price drop is due to inefficient miners selling BTC to fund OPEX and keep operations going. This
by josephjacks 12y ago
Andreessen said on Twitter earlier today that he thinks the BTC price drop is due to inefficient miners selling BTC to fund OPEX and keep operations going. This activity is seen in the hash rate.
- sgt101 12y agoI think (NO EVIDENCE!) that people using BTC over Christmas and in the sales is likely to be a factor in driving the price down. Retailers immediately exchange the coins for $$ to avoid the risk of holding them, so this is a substantial liquidity call on the currency.
- sgt101 12y agoI think (NO EVIDENCE!) that people using BTC over Christmas and in the sales is likely to be a factor in driving the price down. Retailers immediately exchange the coins for $$ to avoid the risk of holding them, so this is a substantial liquidity call on the currency.