Quote from: puwaha on December 16, 2014, 07:58:49 PM

Quote from: Snail2 on December 16, 2014, 07:40:01 PM

Quote from: puwaha on December 16, 2014, 07:25:37 PM

Why does everyone here think the automatic thing is to dump? Isn't the whole "high-brow" point of BTC centered on building an ecosystem around it's use and adoption? So that a BTC is a BTC, and not just what it's value is today in USD?

Actually most ppl here are dumping for BTC what they can spend on more miners to make more dumps for new up to date miners and so on...

"HELGA      What about the killing and looting? That's just as crude, isn't it?
ERIK      Oh well - you've GOT to do them.
HELGA      Why? Why have you got to go round killing and looting?
ERIK      To pay for the next expedition, of course."

...anyway they are heavily boosting the BTC ecosytem

.

I get that, but the same is true in the BTC mining world. You've got to spend your mined/earned BTC on new equipment to continue to make it "profitable" to continue to mine. It's a never ending spiral. At least that is what the "hodlers" will tell you.

I'm not positive about this, honestly. I'm not the most successful miner here by any means, but I started with a $200 video card and now have a small army of equipment and more BTC than I ever expected. I haven't gamed the system in any way, either, I've just brushed up on a fair amount of math in the last year. I suppose YMMV.