Post
Topic
Board Bitcoin Discussion
Re: What have you been doing with your Bitcoin in light of the price drop?
by
TheGull
on 19/08/2014, 22:44:04 UTC
Quote from: puwaha
My miner doesn't generate enough BTC to matter what happens to the price.  It's dismaying to see the price drop, but it doesn't hurt me in the long run.  It's the investors who are worried... generally not the miners, unless they are upside-down on that as well.

If it rallies, then my meager mined coin will be worth more.  If not, then it was a fun experiment, and I learned a lot.

This seems to be a fairly common point from miners. What I don't understand is this: if you need the price to rally for your mining to be profitable, aren't you just better off buying bitcoin? Much less hassle plus you can liquidate whenever you want, unlike your mining equipment which probably has very little resale value given how rapidly the technology is improving.