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Re: Greedy sellers are sweating. It's a BUYER'S MARKET now!
by
Sherlock_er
on 03/02/2018, 06:50:28 UTC
For months, greedy sellers who were lucky enough to get ASICs and GPUs have been extorting us for huge profits on every mining ASIC and GPU worth buying.

Well, with bitcoin and nearly every other coin's price in a long, steady decline, look how the tables have turned.

I've been reading for sale ads here.  And I am reading desperation.  All these people thought they'd get big bucks, and all of a sudden, their items aren't selling!  So they have to start dropping their prices, in hopes of getting their huge credit card bill paid down before the wife notices.

And now we, the buyers, have the power.  And our end of the deal is simple.  We don't buy.  We lowball the hell out of their prices and shipping terms.  Let them starve.  Let them go into debt.  Karma's a bitch!   Grin

Oh yes, coin prices will eventually go up again, but until them, we are in command.  Bitcoin mining difficulty is over 2.6 TRILLION now, so any ASIC is already making less than it made in December.

So stand with me and give these high priced sellers what they deserve.  Nothing.  Let them panic.  I look at ebay auctions and smile.  I message them lowball offers on ebay to make them sweat a little more.  And it is good.  I have thousands of dollars available to spend and it is staying in my pocket until I get what I want at a price I am willing to pay.

Yes. Do not buy any equipment during this low phase of the crypto. Wait for it to bounce back so people can start extorting huge profit margins. Again. What's the point if you cannot incentivize on this price dip?