(12-29-2019, 12:13 AM)tolgaocal80 Wrote: and I am asking out of curisoty, 55 BTCs every day ,how you will do that for 5 years? is that something can be?
I have never said that it is easy to do but I think it is definitely achievable.
I base this opinion on current worldwide 24h trading numbers that you can find at:
https://bitcoincharts.com/markets/
the last 3 columns are stats for the last 24h. The interesting one is the volume traded. When you look at those numbers, 55 BTC is only a very small piece of the cake.
Next, you have to consider scaling issues. There is a limit to the amount that you can trade without influencing too much the price and this is also a liquidity issue. If you look at some order books in exchanges. The average amount of available BTC to buy/sell in the first 10 orders in the book is about 10 BTC. I think this number is related to the above mentioned limit.
Therefore, I conclude that extracting 55 BTC out of the market daily is definitely possible. 270+ seems way much harder to achieve but who knows maybe it is only a limiting belief of mine that BASE will remove...
