Post
Topic
Board Announcements (Altcoins)
Re: [ANN - NEW COIN JUST LAUNCHED] *EarthCoin* Is Here To Make A Splash For 2014!
by
alz
on 14/01/2014, 09:46:38 UTC
I want to attempt to start some discourse on the issue of miners failing to realise that the crypto markets are like all other markets by definition governed by the relationship between supply and demand.
There seems to be an extremely pervasive lack of understanding of the fact that all crypto coins as well as being a medium of exchange are also a commodity, and as with all commodities a large part portion of the market value is based on availability. 

This issue seems to be one of the major issues affecting all alts to some degree or another ATM, it seems like a high percentage of the new hashpower that hit the pools after last years spike is in the hands of people with no patience and even less intelligence!
not trying to sound harsh but how else do describe people who invest time and money into accumulating a commodity then rush out and panic sell en mass thus destroying a large percentage of the value of that commodity?
Then they learn nothing from this and do the same again on the next coin!??

And anyone who running power hungry GPU rigs without enough money to cover power cost for a few months in order to give themselves the  latitude to sell at the most profitable time is IMO on the fast track to going out of business, there is nowhere near enough money in mining to not sell smart if you ever want to pay for thoses R9 290X's.
The
Still on the upside I predict a ton of cheap second hand GPU  to start hitting ebay around the end of the month(rent time) for the next few months as people who rushed in in December realise that they are never going to break even let alone make any real profit.

just my 0.00000002 BTC

Stay strong miners the speculators are having a field day at your expense......