Quote from: BitAddict on November 02, 2014, 12:59:15 AM

Quote from: brg444 on November 02, 2014, 12:56:21 AM

Quote from: BitAddict on November 02, 2014, 12:53:02 AM

Higher difficulty means less profit for miners, so they need to dump more percentage of their daily mining income to pay bills.... That's something bad for bitcoin price (and only good for security).

Highers transactions means more users, but if they are not willing to buy then it doesn't mean price will go up. People like to invest when price is going up, and when they look last year chart they get scared as fuck. This users will probably buy, but they will feel the real urge to buy when bitcoin is 2x or 3x over ATH because bitcoin will be "cool again" and they won't want to "miss the train".

I have discussed at length in the other thread why it is naive to assume that miners (well most of the ones that matter i.e. industrial ones) have to dump their bitcoins in order to pay bills.

They have several other revenue streams that can cover these costs.

I would like to read that thread. Can you give me link?

Even if that's true, part of that coins are probably sold to lock profits and others in order to wait for the trend to change.

I'd like to read that thread too, because I have the urge to repeat that the price manipulation is based on the direct selling of a huge pool with the idea in mind to wipe out lower pools from existence. This could be certified (but not 100% proved) by checking the days destroyed chart. It's close to zero... THAT means Satoshi is NOT selling his stash. Oversimplifying also doesn't help. Of course the price goes down because of the more BTCs to sell vs less fiat to buy; but are you suggesting this couldn't be forged as well?

If you have another explanation please enlighten us. I'd very much like to know.

Edit: I concur with most of your opinions above. I share the same thoughts.
Cheers