Post
Topic
Board Mining (Altcoins)
Re: Swedish ASIC miner company kncminer.com
by
btc_uzr
on 03/11/2013, 14:35:53 UTC

just hope we don't see a "toboggan run" down this steep slope when everyone xfers their BTC to USD in a panic to get ROI back.
 

Why would anyone want to convert a promising sound currency for an exponentially-printed-to-oblivion/give-inflation-to-bankers-enslave-everyone-else/no-control-over-your-money corrupt currency?



There are people who-need-to-pay-bills-in-USD-and-dont-holding-much-USD-anymore.

I agree, spend USD first, but when you dont have more, you need to use BTC  Smiley


there are ~3.600BTC a day, imagine the impact each and every miner would really sell all mined coins each day

..exactly, it won't matter at all as it would be 10-15% of coins transfered in 1h, stop hunting ghosts


some data from bitcoinwatch.com
---------------------------------------------
Total BTC    11,942,925 BTC
Market Cap based on latest prices    2,340,813,300 USD
or 1,849,959,083 EUR
or 7,738,895,971 PLN
or 1,569,491,193 GBP
Transactions last 24h    37,057
Transactions avg. per hour    1544.04
Bitcoins sent last 24h    590,528.10 BTC
Bitcoins sent avg. per hour    24,605.34 BTC