Ninjastic
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Board Bitcoin Discussion
Re: Biggest sell signal if we go under 5.70-5.80 level
by
fastandfurious
on 09/09/2011, 09:03:20 UTC
Quote from: The_Duke on September 09, 2011, 08:56:33 AM
Quote from: fastandfurious on September 09, 2011, 08:53:31 AM
Quote from: Martin Lawrence (Guildminers) on September 09, 2011, 08:51:40 AM
Quote from: fastandfurious on September 09, 2011, 08:46:16 AM
but they are fighting all the greedy miners that are selling their coins at the exchanges

Where would you get your coins to buy and sell without us greedy miners?   Tongue

Let me see, we have already 7 + million coins in the Bitcoin Economy. We need miners that believe in the Bitcoin Economy long term, not greedy miners that hit the exchanges with sell orders asap.

Keep dreaming. 90% of all miners don't give a shit about bitcoin and just want quick profit.

Duke, that is exactly the hole point, they WILL GIVE A SHIT when they don't mine with a profit. The hole problem is that Bitcoin is inflating at a very high rate, the miners have to much power over the price of Bitcoin, the only way to stop that is to do what they are doing to the Bitcoin Economy. Stop them from making easy money. I have said this from the very beginning, look at my old posts, maybe someone understands this...

How do you make them not make easy money? You sell bitcoins you are holding so that they have to sell with a smaller profit, it you don't sell the miners will sell instead of you, why? Because we are in a high inflation environment.