Post
Topic
Board Altcoin Discussion
Re: Don't lowball your coins until they aren't profitable to mine.
by
kalus
on 14/01/2014, 06:49:49 UTC
Quit giving your coins away.  By doing so, you are driving the price to an unprofitable level.  Don't panic.  People want your coins but you still deserve to get paid for mining them.  The folks that come to buy them want to add them to their portfolio and, if you hold your ground for a good price, they will come around and pay it.  If everyone low balls just to dump them, it ain't worth mining.  Supply and Demand.  You got the supply that's in demand.  Quit getting into price wars with your fellow miner.
everyone's in a different financial situation.  some people might need the money or see coinye as a joke vs. an actual investment strategy.  some people might need the money that minute.  

Many speculators here also don't give a crap about the long term survival of a coin; they only see opportunities for arbitrage, and damn the coin if it collapses after they skim their cut.

You're seeing it from the miner's perspective, and looking at it as a return on your investment of hardware.  That takes into account the cost of production, protecting the coin, and making the coin's economy sustainable.  I think that's a well-rounded worldview for cryptos, but it isn't seen that way the majority of get-rich-quick speculators.