That is a bad sign... miners will dump it more hard as they run big profits
Well is that not the name of the game? to sell at big profit as miners? I mean, what do I want these coins for besides to sell lol
And Miners usually are not bag holders, you got to sell it while ya can, if the price is reasonable.
Speculators, that's another story.
Miners are per definition the persons that destroy 99.99% of the coins. They mine it for free and dump it, as it is all profit. Don't expect to see ZCL moving higher, it will only go lower and lower, and certainly with this huge inflation. It is generating 4 times more blocks then the real ZEC and this is just a clone shit, there is even no roadmap, of course not as it is a clone instamine shit
Lets talk in 2 weeks... Current price : 0.00720990 BTC, I give a estimate of 0.0050 BTC in 2 weeks, and 0.0030 BTC in 4 weeks. (with sometimes a little pump and dump of course
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Ah, first off 99.9 % of all coins ONLY come into existence BY miners. The block chain and its transactions are confirmed and secured BY miners.
Mine it for free? Um, well lets see, last look I had about $10,000 tied up in miner rigs and gear. My last electric bill for mining was over $300.00 So I beg to differ on we mine it for free and its all profit
And as with most miners we are going to go where the coin is that will produce the BIGGEST profit in the shortest amount of time. If that last a week, 2 weeks or 2 months than so be it.
Ok, I'm not sure how you or others deal in crypto, ? but thats a miners take from this ol boy
As far as new people to crypto, if mining, then follow the above rule of making money. If an new investor, put your money in something more stable, like Bitcoin of course or even Ethereum still. And if your not willing to take some risk, then stay away from crypto all together and maybe just invest in the stock market with a slow grow, low risk type portfolio
The cost of mining in China, Russia, India is almost free. Also with the low watt rate of mining coins your solar panels cover all the costs. So yes, it is basically mining for free.