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Topic: Miners, sell higher! - page 3. (Read 5400 times)

newbie
Activity: 49
Merit: 0
May 19, 2011, 04:51:59 AM
#6
BTC/$ exchange isnt tied to difficulty however the miners are the one's that introduce new BTC's
If you find yourself working harder for something don't you feel you should be payed more for your efforts?
Same applies here. More work to get a BTC thus you should demand more in exchange for it.

That's like digging a giant hole in somebody's backyard and then telling them to pay you a lot for it because you put in a big effort. If they don't want the hole in the first place, they're not going to pay you at all. We need to make people want the holes, damn it. Cheesy
newbie
Activity: 49
Merit: 0
May 19, 2011, 04:50:23 AM
#5
If you want the price of bitcoins to increase, make using bitcoins more beneficial to people. Right now, bitcoins are mainly getting more expensive because they started rising in price a bit and people started buying them to sell later at a profit. This made the price go up further and even more people started buying them. The interest in bitcoins will start dying, people will realize that they can't really do much with their bitcoins and they will start selling them at lower and lower prices, and the price will fall.

What we need are more services that can be payed for in bitcoins, more goods, etc. Just telling miners to sell their bitcoins at a higher price will not help you.
hero member
Activity: 699
Merit: 500
Your Minion
May 19, 2011, 04:47:06 AM
#4
BTC/$ exchange isnt tied to difficulty however the miners are the one's that introduce new BTC's
If you find yourself working harder for something don't you feel you should be payed more for your efforts?
Same applies here. More work to get a BTC thus you should demand more in exchange for it.
sr. member
Activity: 350
Merit: 250
May 19, 2011, 04:32:50 AM
#3
When will people learn that difficulty is not the same thing as demand? Never, because people keep telling themselves and each other that they are the same thing when it comes to bitcoin. Economic rules of the past somehow doesn't apply to bitcoin economy in this imaginary world where we are all bitcoin millionaires. Oh we can dream can't we?

Many of us need to get over the fact that we are not early adopters. Remember the difficulties were in single digits and didn't increase for a long time. The big dogs are already making their fortune from going from .01 and less to 8x usd as it recently has. They are the ones that want more and more people to raise the value and difficulty more so than the new ones. Trying to raise the price from 8 to 10 is merely a 20% increase in value and is laughable compared to what's already been done to the btc value as a whole.
member
Activity: 112
Merit: 100
"I'm not psychic; I'm just damn good"
May 19, 2011, 04:27:44 AM
#2
I don't think the price is tied to the difficulty. hmm I may be wrong though I'm totally new. Anyway I wanna ask what are my options to sell/ BTCs ?
full member
Activity: 168
Merit: 100
May 19, 2011, 04:14:52 AM
#1
Difficulty increased 45% yet we are still at $7/ USD  Huh

Sell for $10 each, and profit more.  It's worth more now!
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