Post
Topic
Board Announcements (Altcoins)
Re: 💥SOLARIS XLR💥Masternodes⚡PoW | PoS ⚡Zerocoin ⚡txbit.io exchange in development
by
Elder III
on 20/02/2018, 00:12:27 UTC
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.

Some miners sell coins regularly because they are only in it for daily profits and potentially are paying their bills each month with mining income. There's nothing wrong with that and those people will tend to sell no matter what the price is on a regular basis. There are also many miners that will sell regularly until they pay off the initial cost of their mining rigs. This could be anywhere from 3 months to a year+ (sometimes less time then that but that's not the norm). Then there are miners that are in it for long term gains and they tend to hold a coin. They tend to make less noise on the forums too since they don't care as much what the price is on a day to day basis.