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      "author": "steemitboard",
      "body": "Congratulations @trevbass! You received a personal award!\n\n<table><tr><td>https://steemitimages.com/70x70/http://steemitboard.com/@trevbass/birthday1.png</td><td>Happy Birthday! - You are on the Steem blockchain for 1 year!</td></tr></table>\n\n<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@trevbass) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=trevbass)_</sub>\n\n\n**Do not miss the last post from @steemitboard:**\n<table><tr><td><a href=\"https://steemit.com/steemitboard/@steemitboard/the-steem-community-has-lost-an-epic-member-farewell-woflhart\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmQWnM36SWCPGn98nY83M1ArgweMz5fnovQEp2E4FiDdug/Wolfhart_header.png\"></a></td><td><a href=\"https://steemit.com/steemitboard/@steemitboard/the-steem-community-has-lost-an-epic-member-farewell-woflhart\">The Steem community has lost an epic member! Farewell @woflhart!</a></td></tr><tr><td><a href=\"https://steemit.com/steemtoolbar/@steemitboard/steemtoolbar-update-display-bug-fixed\"><img src=\"https://steemitimages.com/64x128/http://i.cubeupload.com/7CiQEO.png\"></a></td><td><a href=\"https://steemit.com/steemtoolbar/@steemitboard/steemtoolbar-update-display-bug-fixed\">SteemitBoard - Witness Update</a></td></tr><tr><td><a href=\"https://steemit.com/steem/@steemitboard/do-not-miss-the-coming-rocky-mountain-steem-meetup-and-get-a-new-community-badge\"><img src=\"https://steemitimages.com/64x128/https://cdn.steemitimages.com/DQmUphCGZFWgt6bJ1XTtunV7esnwy6bxnGqcLcHAV3NEqnQ/meetup-rocky-mountain.png\"></a></td><td><a href=\"https://steemit.com/steem/@steemitboard/do-not-miss-the-coming-rocky-mountain-steem-meetup-and-get-a-new-community-badge\">Do not miss the coming Rocky Mountain Steem Meetup and get a new community badge!</a></td></tr></table>\n\n###### [Vote for @Steemitboard as a witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=steemitboard&approve=1) to get one more award and increased upvotes!",
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      "body": "Come now people let practical potential prevail the OTC market is getting way out of hand... \nI just had a conversation with a would be sellers mandate for 120K coins and after him telling me...\n\"General guidelines just from own observation and experience.\n\nThe discount thing will not last forever.  If does it be a v tight squeeze less than -3%\n\nMany paying extra to acquire coins on mass scale. \n\nWe either believe in crypto or we don’t. \n\nMy mining farms don’t over any discounts for example even though we have over a million virgin coins... they rather use the coins to buy hardware instead. \n\nSo a buyer will need to pay the spot price and any costs and fees. \n\nWe try to get a discount but there is no urgency on my sellers to sell.\"\nI rightfully put the flip side of the case to him and said\n\"\nThere's no urgency from my buyers side either, it's a depressed and downward trending market and has been for the whole of this year so my buyers are fine to let it go a few more months or more because the price will be lower over the next 6 - 12 months at least. They are not looking for a quick buy and flip they are long term holders of long term assets so if it's not bitcoin it will be something else besides there is mixed opinion on bitcoin as new and more technological advances are made in newer alt coins, bitcoin will become outdated its the same comparison as being a vintage car today as opposed to a Ferrari or a lambo think about it which would you rather have both for the enjoyment of it and it's resale value. A vintage car will always be rare and admired something to be desired and unique to possess however the smart money moves with technology so today we trade bitcoin and this time next year it will be Xcoin or emeraldcoin no association with the underlying commodity or physical stone its like palladium which is 100x more valuable then gold however you do not see a multitude of market participants lining up to buy & sell palladium, until bitcoin reaches 75% of its ATH it will continue to be a buyers market\n\nThink of it logically if a peach's price goes up and down based on supply and demand and is traded on a public exchange the price to pay is determined by the next buy and sell, now if there are no buyers willing to buy at a higher price the sellers will most likely be forced to sell (those that need to - like in the housing market collapse of 2008) the economics will bring the price of the asset down to a level that the buyer feels comfortable with and at a price they can eventually turn a profit from, if miners continue to hold out they will just derive less for their minted coin since it only attributes value to them once sold (besides the bit they made in the mining of it). Bitcoin is not a necessity like milk or water or food it's a luxury investment therefore by the laws of economics a luxury item must have the element of being prestigious and although bitcoin achieved that it could not hold onto it so if the farmer (miner) comes to the market and decides to offer twigs or rocks and calls them special well not many people can do much with twigs & rocks besides put them on their mantle piece if they are so special like the farmer says they are or sell them to a rock & twig collector, rocks & twigs in this case are a luxury item (hard to believe but true) the people want produce milk eggs cheese vegetables and fruits so they can live this is what drives demand for goods and right now bitcoin is looking more like twigs and rocks I'm sorry to say\n\"",
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