To be honest all coins go through this cycle so I'm not too worried that the price is going down as we have seen this happen to all the top coins like BTC, ETH, LTC and many others. Remember people only lose when they sell at a loss. Masternodes have been growing nicely and holding above 650 so it shows that there is very good support for Solaris. It could very well be the miners selling off their coins to get back their running costs.
Bullshit. Sorry but I read this in every coin forum. Miners sell coins to cover their running costs... Bullshit again. 3 days mining cover my whole month of electricity used by my small rig. It should be same for every rig if mining profitable coins. Solaris isn't much profitable but I found it easy and I made starting portfolio on it that helped me a lot later.
If three days mining can cover a whole month of electricity used why would I sell coins without waiting to maximize my profits? Because someone else may sell first. That is the only explanation. People are like animals and markets are like a jungle. I could wait but\t unfortunately I had to sell at loss sometimes so I dumped even Solaris last time it was going low but not as low as this time.
Stop this running costs as they make enough daily. First days of January I as able to cover a whole month cost of electricity used by my rig by one day mining profit. Not it is three days. No more shite like this, Grow up.
You are missing a point, many miners need to sell mined coins for pay not just the electricity, but also the hardwares. So hardwares, electricity, bills and daily profit income.
I want to sell 1100 XLR but that amount will probably dump the price to 50-60 000 sat on Kucoin beacuse there are not buy orders.
Anyone who strongly belives that XLR will be moon or $500 want to buy from me today at $50?
It is 10x income to make so?
If you really want to sell and you don't want to push down the price, you can easy do it in some weeks. Obviously is crazy to sell just in one time, infact you need to do everyday a little amount.
Ps. today the price is not $50 ahah