Quote from: Hyena on April 07, 2015, 08:58:35 PM

Quote from: brg444 on April 07, 2015, 08:14:44 PM

Your whole post is complaining about pressure from miners selling.

I'm here to tell you only a portion of them do and surely the current price is not a result of miners' selling pressure.

Take it how you want it but I'm just saying you're barking at the wrong door.

The only one complaining is your mom. Surely the current price is the result of the miners' selling pressure because if miners didn't sell or didn't receive a single coin the price would be higher. Now you probably want to say that miners are not the only factor and I agree but you must admit that mining still generates a lot of coins out of thin air and we can never say for sure where they end up.

Quote from: ensurance982 on April 07, 2015, 08:29:01 PM

3600 BTC get dumped every day? Who says that this is actually true? Don't you think that at least a considerable amount of those coins are *not* liquidated? What about people buying BTC in bulk from miners, in order not to push the price up (long term acquiring phase)?

Yes I think at least a considerable amount of those coins are not liquidated. That doesn't change the fact that a considerable amount of those coins are being sold every day. My point is that if miners would get only 3.125 bitcoins for a block then the price of a single bitcoin would be much higher than what it is today. You can say it's because of miners' selling or that it isn't but the price would without doubt be higher. Basic supply and demand logic, you can't argue that.

You need to have people selling some bitcoin ("dumping"), else there would be no volume.. Would you rather have one big green candle pointing at 1000 USD because there are no sellers between 260 and 1000 USD?