Post
Topic
Board Bitcoin Discussion
Re: Ready to admit bitcoin is a failure?
by
cyberpinoy
on 03/10/2014, 17:08:02 UTC
I really do not understand who are these morons who dump such amounts every few hours. By now, all weak hands should be out of the game so the ones who sell are only large, probably Chinese, farmers dumping every day to recover their costs. I would go and dismantle their farms with a fork if I could. One really needs to be DUMB to sell at these prices. But I mean really dumb.

One of the smaller of the chinese farms (as you call them) averages 280,000 dollars worth of bitcoins a month with a 60,000 dollar electric bill. most of these farms you seek to destroy are not farms at all they are the people manufacturing or re-selling the mining equipment. they are manufacturing the equipment and then  they test it allright, they put that shit right to work mining for them until someone buys the machine. They keep it all in the chinese hands too they mine in a chinese pool and sell thier coins daily, why? Because they can!! pure and simple, they have no costs in the equipment they are mining with. all the machines they are mining with have been paid for by miners who purchased equipment on its release, thus no equipment costs, they dont care about bitcoin or me or you, they just want the cash. so they dump dump and more dump. to them it doesnt matter if the coin is worth 600 dollarts or 50 dollars they are bringing in over 700 coins a month even at 50 dollars a coin they are making bank. Especially when you base that on the CHY and not the USD value. Smiley