Topic: Are miners HODLers? - page 2. (Read 1956 times)
I mine and sell instantly, I guess I'm stupid...
Can't speak for all miners, but personally I'm not only a HODLer, but a HOARDER. 
I don't spend a single satoshi (actually I have, but recouped it back mining/selling equipment), just keep hoarding until the eventual pop, and will start spending BTC once it's universally accepted as payment everywhere.
Intelligent person detected. I don't spend a single satoshi (actually I have, but recouped it back mining/selling equipment), just keep hoarding until the eventual pop, and will start spending BTC once it's universally accepted as payment everywhere.
Personally I spend real cash on equipment (consider it my investment) then I hold the btc. The only thing I have used btc on is miners where I couldn't pay cash.
I think most miners are holders especially if you consider miners don't make any money if you just sell the btc. I am mining for the EV of where btc could go not where it is today.
I think most miners are holders especially if you consider miners don't make any money if you just sell the btc. I am mining for the EV of where btc could go not where it is today.
People speculated on reddit that the price went up 7% because the difficulty went up 20% resulting in 20% less coins flooding into the market.
I argue that miners are holders as they already made a long term commitment.
Please help me find out the truth
I argue that miners are holders as they already made a long term commitment.
Please help me find out the truth
The industrial scale miners that now dominate mining have to pay their bills sooner or later. I'm sure they'd LIKE to hold (in general), but given how cut-throat it has become I doubt they have a choice and have to sell almost all their mined BTC pretty frequently. Especially since the price has tended to languish, which forces them to dump more BTC to pay the power company, which just aggravates the downward pressure on the price.
Once the industries' weaker mining concerns start dropping out and those with deep pockets remain, selling pressure will subside and you'll start seeing major gains in BTC price. But first there has to be a bloodbath. (Geopolitical events or a national financial crisis can trump this as well, of course.)
Can't speak for all miners, but personally I'm not only a HODLer, but a HOARDER.
I don't spend a single satoshi (actually I have, but recouped it back mining/selling equipment), just keep hoarding until the eventual pop, and will start spending BTC once it's universally accepted as payment everywhere.
I don't spend a single satoshi (actually I have, but recouped it back mining/selling equipment), just keep hoarding until the eventual pop, and will start spending BTC once it's universally accepted as payment everywhere.
Miners have to sell their mined coins to pay the working costs of their rigs, I don't think they are hodlers at all.
Most miners are dumpers for the simple reason that they have massive electric bills to pay every month.
I mine and hold, and believe Bitcoin have a bright future.
Profit is not much by mine and instant sell.
Profit is not much by mine and instant sell.
I think that miners are instasellers to recover and keep profits as a hold
This makes sense if they bought with credit. If not, why would the first bitcoins be any different than the later ones?
I think that miners are instasellers to recover and keep profits as a hold
Im not a miner, but im sure they dump to pay the costs and keep most of the gains for the future (if they are intelligent)
So you say they dump just as much as they have to keep their operation running? Do you think they dump all coins until they break even and then as much as they spend on electricity?I totally disagree but just want to understand your concept. According to you I am stupid
I'm glad I helped out the network back then instead of buying the coins on an exchange and made a profit thanks to not being intelligent back then.
Im not a miner, but im sure they dump to pay the costs and keep most of the gains for the future (if they are intelligent)
People speculated on reddit that the price went up 7% because the difficulty went up 20% resulting in 20% less coins flooding into the market.
I argue that miners are holders as they already made a long term commitment.
Please help me find out the truth
I argue that miners are holders as they already made a long term commitment.
Please help me find out the truth
Jump to: