Topic: If miners sell coins, where do they sell them? (Read 2200 times)
Honestly we can say that easily because of they are selling some of their bitcoins for aying only for electricity bills and internet bills its a regular monthly billing.. but if the price will rise a good amount maybe they are selling large amount of bitcoin if they see the effect of the price will still stay holding more of their bitcoins.. we can see how much they can sell it they are holding much more bitcoins and i think it can not affect the price of they don't sell their all coins.. if they sell all mined coins huge dump price for bitcoins..
the miner's can sell their coins in different legitimate exchange flatforms.
or they can also sell it their friend, relatives or family who's engaged or involved here too.
or they can also sell it their friend, relatives or family who's engaged or involved here too.
Everybody seems to assume that the halving will cause the price of Bitcoin to rise. I assume that they believe that miners will sell fewer coins on the open market. If miners sell directly to investors, then the drop may not have an immediate impact on sales. Also, some coins may be retained for investment by the miners. So my question is - how many mined coins are sold on the open market?
Miners sell their BTC in the same place with a lot of people, like exchange and not have the special place to sell their bitcoin from mining. They do not need a market but they need bitcoin price rising.
if they sgart selling the coin at the same time then it will create problem i think. but if they hold their bitcoin and do not create panic then i am hopeful that they will sell their coin in a high rate.
base in my experience now,..ahmmm i sell my coins in different exchange flatform, it depend were my coins listed in exchange, and then trade it,.sometimes i sell it to some of my friends who like to buy bitcoins 
They sell it on exchanges like Bitfinex, Huobi... I doubt that they're a lot of miners selling their coins outside of these platforms.
their same like us sell bitcoin at exchanger.. what is make you think they sell directly to investors?
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I read somewhere a while back -- perhaps this thread -- that some Chinese miners already have wholesale buyers for BTC they successfully mine. Which gives the miners some CA$H to pay bills and the buyers the opportunity to lock in BTC.
That seems to make great sense. Win/win. I just wish I were a big enough BTC buyer to get in on that. However, like retail buyers of gold, "we too can walk in the footsteps of Giants." Meaning we too can get in on what looks like great investments for the future, all you have to do is:
1) pull the trigger
and
2) HODL with patience
Gold and BTC!
I read somewhere a while back -- perhaps this thread -- that some Chinese miners already have wholesale buyers for BTC they successfully mine. Which gives the miners some CA$H to pay bills and the buyers the opportunity to lock in BTC.
That seems to make great sense. Win/win. I just wish I were a big enough BTC buyer to get in on that. However, like retail buyers of gold, "we too can walk in the footsteps of Giants." Meaning we too can get in on what looks like great investments for the future, all you have to do is:
1) pull the trigger
and
2) HODL with patience
Gold and BTC!
if they do so in a routine there the bitcoin price will remain stable, but if they sell their bitcoin in same time. then panic will be created and the price may fall down to some extent. people will lose confidence and they will sell their bitcoin at a low rate
If miners will sell coins i think they will sell at trading sites online because im sure the price of btc will rise up this halving.Or they will sell it actual to a person with specific rates if bitcoin price will drop.There are many sites where miners can sell their bitcoins for real money.Or they will not sell it and store it and wait for price increase and then sell it when price rise ups.
Miners may choose to do whatever they want but limited numbers of bitcoin is good for its price.
Miners would definitely retain most of the mined coins and play with few coins.
Holding bitcoin is also an investment.
Miners would definitely retain most of the mined coins and play with few coins.
Holding bitcoin is also an investment.
But that is if indeed the price will go up due to halving. I'd be the first to celebrate the whole night.
yet they might all sell out if the opposite thing is going to happen. There is no assurance what will happen later so i have to also invest to some other altcoin just to make sure I won't lose all that i have.
Miners mined altcoins that has value on market, they will not exert effort on altcoins that has no value at all. They use hardware and electricity for daily use. So they must earn much higher to compensate there needs. If i they will mine bitcoin they will take a lot of time and effort because of the in deep difficulty from the hardware.Miners are with the country where the electricity is cheap and has a cold environment for the cooling system of the miner.
Miners may choose to do whatever they want but limited numbers of bitcoin is good for its price.
Miners would definitely retain most of the mined coins and play with few coins.
Holding bitcoin is also an investment.
Miners would definitely retain most of the mined coins and play with few coins.
Holding bitcoin is also an investment.
But that is if indeed the price will go up due to halving. I'd be the first to celebrate the whole night.
yet they might all sell out if the opposite thing is going to happen. There is no assurance what will happen later so i have to also invest to some other altcoin just to make sure I won't lose all that i have.
Miners may choose to do whatever they want but limited numbers of bitcoin is good for its price.
Miners would definitely retain most of the mined coins and play with few coins.
Holding bitcoin is also an investment.
Miners would definitely retain most of the mined coins and play with few coins.
Holding bitcoin is also an investment.
I think during halving, miners would still sell some of their bitcoins for electricity and more. They probably sell it through trading. They could also control the price of bitcoins they are selling. They might also sell them through exchanges.
Everybody seems to assume that the halving will cause the price of Bitcoin to rise. I assume that they believe that miners will sell fewer coins on the open market. If miners sell directly to investors, then the drop may not have an immediate impact on sales. Also, some coins may be retained for investment by the miners. So my question is - how many mined coins are sold on the open market?
yes its just assume,i'm sure no one can make sure what will happen to bitcoin price when bitcoin halving come. miners will sell their coins to exchange,a big miner will have partners to sell their coins,its what i think so far.
A lot of mined coin are sold in the market.
Everybody seems to assume that the halving will cause the price of Bitcoin to rise. I assume that they believe that miners will sell fewer coins on the open market. If miners sell directly to investors, then the drop may not have an immediate impact on sales. Also, some coins may be retained for investment by the miners. So my question is - how many mined coins are sold on the open market?
yeah im curious too on how many coins do they sell, do they sell half of theyre mined or just enough to pay for theyre bills.
I think they sell them over the counter to the Chinese exchanges for a discount, and then those (fee free exchanges) sell them for market value to their speculators.
Some of them are starting their own trading platforms to shift the coins:
http://www.coindesk.com/bitkan-1-6-million-series-a-bitmain/
Some of them are starting their own trading platforms to shift the coins:
http://www.coindesk.com/bitkan-1-6-million-series-a-bitmain/
Quote
Beijing-based mining giant Bitmain has invested $1.6m in bitcoin-focused data and trading services provider BitKan.
Large scale mining operations would typically sell enough to keep their operation running, paying for electricity and perhaps hardware in fiat.
I'd guess they just sell their coins at a trusted exchange.
Different mining operations have different practices, some will keep a large percentage of their profits in BTC, and some will exchange everything for fiat.
It would be interesting to see some statistics on this, I know a few operations have mentioned this in interviews etc.
I'd guess they just sell their coins at a trusted exchange.
Different mining operations have different practices, some will keep a large percentage of their profits in BTC, and some will exchange everything for fiat.
It would be interesting to see some statistics on this, I know a few operations have mentioned this in interviews etc.
Each miner had a strategy each to get the perks themselves, and every miner has the authority to keep them or sell them BTC. So the price of the Bitcoin is not dependent on the miners but depending on Market of BTC. The more the market needs the BTC and the fewer supplies BTC BTC price then the higher. Vice versa, but I believe the BTC will have a price that is very challenging for us and can benefit when using Bitcoin. The price depends on the market and the BTC can swap Price BTC is a transaction.
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