Post
Topic
Board Speculation
Re: butt hurt miners
by
grod
on 21/08/2011, 04:11:21 UTC

If you keep selling it will be lower, if you camp on it, and sell sometimes = more money for all

Same amount of $ are deposited into the pyramid whether or not people sell a portion or all of their coins.  What varies is the % of that each strategy gets, and when.

I'm glad some people choose the strategy to hoard their coins selling few to none.  It means I get a bigger piece of the pie when selling into a downtrend.  They can keep the bag, I'll take the $.  If I were to simply take the $ I've extracted from MtGox and buy coins with it I'd wind up with at least twice as many as I've sold.

And you speak as if a lower $ price is a BAD thing.  I have cheap power.  I'd still be making the same amount with bitcoin at $1.15 and a difficulty 1/10th of current.  In fact, I'd even keep a larger number of bitcoins around as a gamble.  For me, a much lower price would be a huge win.

TL;DR - I don't see the butthurt anywhere.  I've already paid for my hardware, power till the end of the year, and most likely at least one 7 series card.  Anything from now until then is just frosting on gravy.