Quote from: cbeast on September 19, 2014, 07:44:02 AM

Quote from: nemo on September 19, 2014, 07:06:15 AM

Listen. Some miners are fucked. They bought un returnable, unsellable rigs, they rent storage space. They have absolutely no choice whatsoever but to sell their coins. They're run by businessmen who made a mistake. Not 16 year old boys who suck off satoshi and have wet dreams about the Fed burning down. Not spartans who hodl. This is how the game is. Some miners buy their chips for 1/10th of what you and I would have to pay. Some countries are cold and have cheap electricity. Saying a bitcoin costs $400 to make is naive. Saying this is a good price is retarded. Ontop of that you have tons of factors. Miners will sell because they have no choice. They have to pay their shit using fiat. Some of you guys are so dumb.

You would say the same thing about gold, right?

Have you seen gold miners ETF?