Quote from: reftop123 on May 03, 2014, 01:18:34 PM

Quote from: phil92 on May 03, 2014, 01:15:21 PM

Quote from: reftop123 on May 03, 2014, 01:08:57 PM

Quote from: phil92 on May 03, 2014, 12:56:21 PM

I feel bad for all those panic sellers who sold at 1 sat and will need to buy back at 2...

They sell 30x of their usual amount of coins. It is the same as sell at 30 satoshi! They are not loosing, just making good money. Remember, mining IS 30 TIMES more profitable now, until wall at 1 is standing.

Assuming that people selling are only miners who sold what they mined since the reward changed ! But as a 25 BTC sell occured this morning, it's far from covering the current extra reward of the blockchain. Most of those who sold were traders who bought at 1 sat and will need to buy back at 2 if another 20 BTC sell doesn't occur...

Edit : who bought at 1 sat, or more...

Not only miners, they want just sell before price drop to 5 litoshi.

But where can you buy at 5 litoshis ? Poloniex LTC/MRC volume is ridiculous, barely nobody is selling there, and Mintpal only has a MRC/BTC market...