Miners Are the Bears - page 2. | Bitcointalksearch.org

OcTradism

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Quote from: Cryptoababe on September 28, 2021, 04:52:57 AM

So, if miners sell, its mostly favorable because it gives people more opportunity to buy at discount prices, also gives miners more fund to upgrade thier mining facilities and helps the bitcoin network function more better.
So, Miners are the bears and they are Good for the Bitcoin Network.

You can not generalize all miners like this.

Miners are like investors, they can be whale miners or retail miners. Retail miners will be panic and do panic sell and have pressure of electricity bill every month.

Whale miners don't have such panic or electricity bill pressure. They have solid vision and plan. They hold their Bitcoin from mining rewards and wait for tops to sell.

If I am not wrong, miners are holding their Bitcoin according to on-chain analysis from glassnode.

Miners can be bear when most of them capitulate in bear market or in crash like in May this year. Capitulation is signal of good growth later.

pawanjain

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Quote from: Cryptoababe on September 28, 2021, 04:52:57 AM

When BTC price drops due to sell off, People panic and say a lot of bad things. But what i think is miners need money probably to improve thier mining facilities. I never expect bitcoin miners to buy btc. All they should do is sell and probably upgrade mining facilities.
Also, with lesser miners, transaction hash rate will be low so sell off from them will always bring a positive result to the bitcoin network.

So, if miners sell, its mostly favorable because it gives people more opportunity to buy at discount prices, also gives miners more fund to upgrade thier mining facilities and helps the bitcoin network function more better.
So, Miners are the bears and they are Good for the Bitcoin Network.

Miners would only want bitcoin to be more bullish and it is less likely that they would sell and dump the market.
They know once a dump occurs more people do panic selling which creates a bigger dip.
This makes their holdings decrease in value. The reason why they are mining at first place is to make profits.
So I don't think they would create a dump by selling but instead take profits out at lesser intervals and reinvest in mining to make more bitcoins.

DaveF

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Miners are running a business. They are going to have to sell their BTC to pay bills that is just the way it is.
What they do with the rest depends on the business model.
If their model is to expand then they sell more BTC to get more miners & larger facilities.
If their model is diversification, then they sell more BTC to buy other coins.
If their model is to hold and grow then they sit on the coins.

As for the price flotations, there are probably a ton of people buying on the dips and selling on the highs and just repeating the cycle again and again.
Get in @ $41500 Sell @ $44500 and repeat. It keeps the price depressed, but traders don't care about the price they care about the percentage swings of the price.

-Dave

avikz

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Quote from: Cryptoababe on September 28, 2021, 04:52:57 AM

When BTC price drops due to sell off, People panic and say a lot of bad things. But what i think is miners need money probably to improve thier mining facilities. I never expect bitcoin miners to buy btc. All they should do is sell and probably upgrade mining facilities.
Also, with lesser miners, transaction hash rate will be low so sell off from them will always bring a positive result to the bitcoin network.

So, if miners sell, its mostly favorable because it gives people more opportunity to buy at discount prices, also gives miners more fund to upgrade thier mining facilities and helps the bitcoin network function more better.
So, Miners are the bears and they are Good for the Bitcoin Network.

Let's assume you own a factory and you produce a great product with a lot if demand in the market. Would you like to sell off your product at lesser value than the market price? Wouldn't you use the demand as a use case to increase your price so that you can inveat in better automation to further reduce your production cost thus increasing your profit margin?

You got it all wrong. Miners are not the ones behind the pumo and dump game. Also you are referring to the discounted price which may not be a reality unless you have fee million worth of trade volume.

LFC_Bitcoin

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Either way there is too much selling or manipulated, price suppression & not enough buying at the moment. I feel that $41,9xx is cheap right now. Hopefully the market agrees with me & the price goes up soon.

btc_angela

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Lol, how can you say that miners is bears when they have a business model to follow and make profits as well. So just like any other business, if they need to cash out and dump of their stash to pay their operations then nothing is wrong with that. But saying that they are bears and implying that they are the cause of the massive dump or at least a dip right now is not right.

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Quote from: oktana on September 28, 2021, 05:19:50 AM

No no. I didn't mean it in that way. I was not referring to the OP. I was only dropping my thoughts. When I said FUD, I meant what has been happening lately.

And why did you felt the need to mention this?
Earthquakes, volcano eruptions, floods, and forest fires have been happening lately but I don't see any reason to mention them.
Now "chewing" you but I'm getting really tired to see FUD, FUD, FUD in every damn discussion.

Quote from: Cryptoababe on September 28, 2021, 05:22:17 AM

I thought miners favours hash rate because of the previous china bitcoin mining ban which leads to reduction in bitcoin hash rate back then.

Sorry but there is a language barrier here, I don't understand why you mean by "miners favours".I've got the impression from your first post that you've equaled less hash rate with less overall miners income but as I said, I'm not sure anymore since it's clear I'm not really getting what you aim at.

Quote from: Cryptoababe on September 28, 2021, 05:22:17 AM

ive looked at bitcoin mining as an important role to the bitcoin network. Is it not?

Yes, it is, and more than important it has a critical role, if there is no mining the whole system stops dead in its tracks.

mk4

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A "bear" is mostly someone or an entity that's "bearish" on Bitcoin, pretty much anyone who thinks Bitcoin is useless or something and will crash down. So why are miners considered bears if it's the fact that they actually think bitcoin mining is a good long-term business? They invested in hardware in the first place.

Cryptoababe

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Quote from: stompix on September 28, 2021, 05:14:19 AM

That's not how the hash rate works, there is no transaction hashrate, and there is nothing completely positive or negative in this.
Mining is a business simple as that, miners get paid and miners have expenses, without them investing in gear there is less security in the network, and the reward and the fees were set with this aspect in mind from the start. Just how anyone invests directly in bitcoin and decides to sell at a profit or keep it, so do miners, they can keep a part of the coins and sell all of them, you can't lump all of them in one category.

I thought miners favours hash rate because of the previous china bitcoin mining ban which leads to reduction in bitcoin hash rate back then.. Since then, ive looked at bitcoin mining as an important role to the bitcoin network. Is it not?

oktana

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Quote from: stompix on September 28, 2021, 05:14:19 AM

Quote from: oktana on September 28, 2021, 04:59:06 AM

I think the issue is FUD.

I think the issue is that lately nobody even bothers to read something before labeling it as FUD. What FUD is in this?

No no. I didn't mean it in that way. I was not referring to the OP. I was only dropping my thoughts. When I said FUD, I meant what has been happening lately. If you read my reply well, you'd clearly see that. And please don't chew me

.

stompix

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Quote from: Cryptoababe on September 28, 2021, 04:52:57 AM

Also, with lesser miners, transaction hash rate will be low so sell off from them will always bring a positive result to the bitcoin network.

That's not how the hash rate works, there is no transaction hashrate, and there is nothing completely positive or negative in this.
Mining is a business simple as that, miners get paid and miners have expenses, without them investing in gear there is less security in the network, and the reward and the fees were set with this aspect in mind from the start. Just how anyone invests directly in bitcoin and decides to sell at a profit or keep it, so do miners, they can keep a part of the coins and sell all of them, you can't lump all of them in one category.

Going by that logic mining gear manufacturers are also dumping as they mostly receive payments in crypto and they have to pay suppliers and workers in fiat.

Quote from: oktana on September 28, 2021, 04:59:06 AM

I think the issue is FUD.

I think the issue is that lately nobody even bothers to read something before labeling it as FUD. What FUD is in this?

oktana

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IMO, Miners aren't really the ones behind the dump. Even when we hit the latest all time high, there were still miners. Right?
I think the issue is FUD. Any little news against Bitcoin just creates FUD and a lot of people just fall for it unnecessarily. Like what happened a few days ago with China. Truth is, they'll always be FUD than any miner selling their bitcoins. Besides, volatility is the nature of Bitcoin and the bear run counts.

Cryptoababe

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When BTC price drops due to sell off, People panic and say a lot of bad things. But what i think is miners need money probably to improve thier mining facilities. I never expect bitcoin miners to buy btc. All they should do is sell and probably upgrade mining facilities.
Also, with lesser miners, transaction hash rate will be low so sell off from them will always bring a positive result to the bitcoin network.

So, if miners sell, its mostly favorable because it gives people more opportunity to buy at discount prices, also gives miners more fund to upgrade thier mining facilities and helps the bitcoin network function more better.
So, Miners are the bears and they are Good for the Bitcoin Network.

Topic: Miners Are the Bears - page 2. (Read 275 times)