The elephant in the room. Everyday $60 million+ of NEW money needs to flow into crypto just to keep the market afloat!

Just a quick calculation of the top coins mined per day tells a story of a market out of wack. This mean a net positive $60 million going in everyday just to keep prices stable.

Does this seem reasonable to you guys? Is there really that much money in the world? Then, the $0.5 million for BCH makes sense by itself but no way is $27 million going into eth every single day.

BTC: 900 * $35,000 = $31.5 million

ETH: (6,500 blocks * 3 ETH) * $1,400 = $27 million

LTC: 7,200 * $150 = $1 million

BCH: 900 * 500 = $0.5 million

XMR: 1,150 * $150 = $0.2 million

submitted by /u/CompetitiveReddit
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source https://www.reddit.com/r/btc/comments/l13uxq/the_elephant_in_the_room_everyday_60_million_of/