Topic: The poor workers (miners) (Read 278 times)

Very well phrased, I'm a small miner + Hodler +part time trader + I used to do support for community OS (not having much time due to family hard times).

I mine coins when the difficulty drops, hold the for HODL and do trade them when I have time.

But its not that easy to categorise our valuable time and split across between all the three parts. But if you manage to find good time it always a win-win-win situation

We can do a decentralized system to share profits between the three parties so no one miss any train

We need to unionize!!

Agreed, although I wouldn't say this is uncommon knowledge. Every successful miner has done some trading/holding at some point.

Understanding the speculative aspect of being a miner is key to bringing your actual ROI time below your initial projection.

HODL= Hold On for Dear Life , and sorry for your head

 Actually, the phrase originated from the "HODL" coin community and they've been trying to infect the rest of us since then.

come on man be l33t and Pown that saying!  

wow. i literally smacked my fucking head on that one.

a retarded phrase i'll never be using.

It's kind of funny though. I know I have felt the frustrations of the original guy that did the mistype gave birth to whole HODL thing.

Stupid bitcoin thing.  Some noob said HODL instead of HOLD and everyone uses it like repetitive bots.

 

Well yes, that is true with any commodity. It is technically worthless until you convert it into something liquid enough to be exchanged for basic goods and services (food, water, shelter, etc). What you're missing here is the long term goal of crypto becoming ubiquitous enough to spend directly instead of having to convert back to fiat.

WTF is a hodler

Do you mean Holder?

This as to be one of the best things iv read since learning this stuff
I would put my self with your number 3 thats exactly what I was thinking looks like you
Bin at this a bit so your words are wisdom

In the words of a famous country song,

For a long time i was trying to figure out that big crypto game and the best position i can place myself in i found that there is three positions in this game:
1-miners (the poor workers making little bucks a day paying electricity and selling after a short time)
2-traders (the middle class money makers buying low from miners and selling high to hodlers to make a good profit)
3-hodlers (lambo dreamers and their dream always come true)
As time passes number of mined coins decrease and number of hodlers increase , they will not sell until they get thier lambo
Traders always release FUD news for miners to sell fast and low , they also release FAKE news for hodlers to buy fast and high make a little profit then disappear.
When number of hodlers increases and number of upset miners increases and mining become not profitable miners start to hodl at this point the prices surges and everything is flying to the moon , miners sell at the early flying stages leaving the hodlers with skyrocketing prices and brand new lambos then everything starts again with most hodlers cashing out and prices crash

The best way to take two positions at same time:
Miner+hodler
Trader+hodler
Miner +trader
If you stick with one position you will always lose

Maybe i am just wrong or i forgot to take my medication tonight.
Thanks for hodling until the end.