Quote from: cryptoperkele on Today at 05:30:00 AM

Quote from: Yogee on April 26, 2021, 05:49:27 PM

I think the real concern about token listing is the price of BFG token tanking below the mining price that was set by Betfury. Can you imagine a miner betting 2000 sats to get 1 BFG when he can easily buy it on the market at half that price or less? Of course there's the chance that he can also win his bet but why bother when your main goal is to increase the number of tokens for the daily dividends?

And why would people buy above the current mining price if they could get more with mining? Of course people will sell cheaper, people have mined a long time now and when some of them started, mining price was lower, some people are mining with their dividends, bitcoin was cheaper when this started. Everything was cheaper and some got their for free with bounties. And the mining cost in the site isn't the real cost when you count the winnings.

There is a logic that some people do not want any risks, and just want to spend money and get what they want to get. I do agree that it will not go over that price, and more probable possibility is that it will be under that price for sure, miners will drop the price by selling it, not like they care about that too much. However if it was ever higher, that means someone bought it at higher price thinking that would be better for them to not risk anything, and have a ready set calculation with the amount they have instead of "maybe" that they would have otherwise.

You can buy a lot of ETH mining equipment today, even at super high prices they do make themselves back in 12 months at worst case, or even 24 months if you want to make it insanely expensive, but after that it is pure profit, why not take out a 100k loan and rake in cash after 2 years? Because most people do not bet on the uncertainty.