Topic: Death to the mercenary miners! - page 3. (Read 4101 times)
Miners must sell regularly because they have expenses in the form of electricity and new equipment to purchase. It isn't wise to sell all BTC though, as next year the reward for block generation will drop to 25, which means a lot less BTC will be introduced into the market. I expect the price to jump really quick when that happens.
It's not that simple. Like good and evil. All your bitcoins used to consume some electricity and so on... Miners may sell their equipment and most probably average miner made much more money than average trader.
It's all about great game of chess. There are different figures, but we have the same opposition, same enemy .
It's all about great game of chess. There are different figures, but we have the same opposition, same enemy .
Miners who sell immediately, injecting excess liquidity and driving the price down are in a process of slow motion suicide and I say it couldn't happen to a nicer bunch of mercenaries. Those evil hoarders who mined, saved, and believed in the project made a substantial profit and I say good for them.
I didn't buy GPUs. I bought coins. My coins don't become obsolete. My coins don't immediately plummet in value when used. My coins take up no space. They don't generate heat or make noise. My coins don't require electricity, so I can hold them for no cost. Your mining rigs will lose you money if the price keeps dropping.
I didn't quit my day job. I can afford to wait. Time is on my side, but not on yours. You'r only goal was to extract profits from speculators like me. Now, your future looks bleak while I see many buying opportunities ahead for myself.
Eventually, mercenary miners will drop out when the cost of generating coins exceeds the price they can get for them. Then they will stop their rigs and the only miners left will be true believers who don't sell. then the price will start to rise and continue to rise until the mercenaries jump back in. Then the price will start falling and the whole cycle will repeat until new software and infrastructure render our coins so valuable that even the mercenaries can stay with no ill effects. BUT, if they go broke in the mean time, good riddance.
The top miners have alot of USD to you know I didn't buy GPUs. I bought coins. My coins don't become obsolete. My coins don't immediately plummet in value when used. My coins take up no space. They don't generate heat or make noise. My coins don't require electricity, so I can hold them for no cost. Your mining rigs will lose you money if the price keeps dropping.
I didn't quit my day job. I can afford to wait. Time is on my side, but not on yours. You'r only goal was to extract profits from speculators like me. Now, your future looks bleak while I see many buying opportunities ahead for myself.
Eventually, mercenary miners will drop out when the cost of generating coins exceeds the price they can get for them. Then they will stop their rigs and the only miners left will be true believers who don't sell. then the price will start to rise and continue to rise until the mercenaries jump back in. Then the price will start falling and the whole cycle will repeat until new software and infrastructure render our coins so valuable that even the mercenaries can stay with no ill effects. BUT, if they go broke in the mean time, good riddance.
. They will be there right with you when the buying frenzy comes... 
Miners who sell immediately, injecting excess liquidity and driving the price down are in a process of slow motion suicide and I say it couldn't happen to a nicer bunch of mercenaries. Those evil hoarders who mined, saved, and believed in the project made a substantial profit and I say good for them.
I didn't buy GPUs. I bought coins. My coins don't become obsolete. My coins don't immediately plummet in value when used. My coins take up no space. They don't generate heat or make noise. My coins don't require electricity, so I can hold them for no cost. Your mining rigs will lose you money if the price keeps dropping.
I didn't quit my day job. I can afford to wait. Time is on my side, but not on yours. You'r only goal was to extract profits from speculators like me. Now, your future looks bleak while I see many buying opportunities ahead for myself.
Eventually, mercenary miners will drop out when the cost of generating coins exceeds the price they can get for them. Then they will stop their rigs and the only miners left will be true believers who don't sell. then the price will start to rise and continue to rise until the mercenaries jump back in. Then the price will start falling and the whole cycle will repeat until new software and infrastructure render our coins so valuable that even the mercenaries can stay with no ill effects. BUT, if they go broke in the mean time, good riddance.
I didn't buy GPUs. I bought coins. My coins don't become obsolete. My coins don't immediately plummet in value when used. My coins take up no space. They don't generate heat or make noise. My coins don't require electricity, so I can hold them for no cost. Your mining rigs will lose you money if the price keeps dropping.
I didn't quit my day job. I can afford to wait. Time is on my side, but not on yours. You'r only goal was to extract profits from speculators like me. Now, your future looks bleak while I see many buying opportunities ahead for myself.
Eventually, mercenary miners will drop out when the cost of generating coins exceeds the price they can get for them. Then they will stop their rigs and the only miners left will be true believers who don't sell. then the price will start to rise and continue to rise until the mercenaries jump back in. Then the price will start falling and the whole cycle will repeat until new software and infrastructure render our coins so valuable that even the mercenaries can stay with no ill effects. BUT, if they go broke in the mean time, good riddance.
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