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Title: del Post by: myself on July 04, 2011, 04:56:31 PM del
Title: Re: Dear miners you need to sell 10% of your BTC income Post by: nakowa on July 04, 2011, 05:02:35 PM how do you know the fact? -- I speculate that many miners are selling as soon as possible while mining. If this is true, current incentive is still too high.
Title: Re: Dear miners you need to sell 10% of your BTC income Post by: Elokane on July 04, 2011, 05:46:08 PM That's an interesting suggestion. I don't think 10% will be enough to make a meaningful difference, though, even assuming all miners cooperate.
Title: Re: Dear miners you need to sell 10% of your BTC income Post by: YoYa on July 04, 2011, 07:20:45 PM how do you know the fact? -- I speculate that many miners are selling as soon as possible while mining. If this is true, current incentive is still too high. why should anyone do that ?Miners are like a business, they have to exchange value for the costs they have now and don't have the luxury of what the value might be in the future. That said tho, it would still be prudent to put a percentage away. Title: Re: Dear miners you need to sell 10% of your BTC income Post by: V4Vendettas on July 05, 2011, 12:02:17 PM Im totaly with the OP on this one. Might not be exactly 10% for me as i will cover utilitys and a pint or two maybe 20-30% but I will store away as much as I can. Playing the long game I guess but in the safest way I can.
Lulz said the word safe in a bitcoin investment thread. ;D Title: Re: Dear miners you need to sell 10% of your BTC income Post by: d.james on July 07, 2011, 08:42:05 PM What?? you can actually sell these coins for real money?
OMG I thought they're just play coins. They'll be SOLD now!! Title: Re: Dear miners you need to sell 10% of your BTC income Post by: syb3ria on July 08, 2011, 11:13:05 AM how do you know the fact? -- I speculate that many miners are selling as soon as possible while mining. If this is true, current incentive is still too high. why should anyone do that ?Title: Re: Dear miners you need to sell 10% of your BTC income Post by: mizike29 on July 08, 2011, 02:47:33 PM Oh we miners gave the money away, so yeah we need to get it back before bitcoins are worthless. When you have a 1000 or more spent on your mining rig, thats the first thing you want to do is sell as many coins as you can at the right price point to get your money back for your rig. Anything else that is held on to or sold is for fun, profit or the future speculation of bitcoins becoming worth something. I really want to see this work and hit the 30s again per coin.
Title: Re: Dear miners you need to sell 10% of your BTC income Post by: tomcollins on July 08, 2011, 03:27:08 PM this is good for my plan to kill incentive to join btc mining but .... looking at this from the opposite point of view ppl got a perception is a problem ? if you spend 1000 on a rig that rig is not gone, the value over time of said rig can go lower but the value dint drop to 0, rushing like mad to replace the 1000 from that wallet that got invested on a rig is stupid, any inversion that give you over 20% return per year is a good move, so if get 333 back in the first year (yay 33,3%) you can pad yourself for doing a good move rushing to get back the 1000 spend in first 3/4 months will decrease the price because the marker is flooded, dont we know that on many places tomatoes, apples, milk, bread, etc go to the garbege so they dont flood the market, even clothes that are from the older seasons get destroyed and then trashed so the demand for clothes dont get lower by getting cloth from trash. 333 back, but you need to account for depreciation of your assets. 33% on an investment that depreciates 100% the first year is not a good investment. On one that depreciates 5%, it's quite good. Title: Re: Dear miners you need to sell 10% of your BTC income Post by: Phinnaeus Gage on July 08, 2011, 05:37:12 PM That's an interesting suggestion. I don't think 10% will be enough to make a meaningful difference, though, even assuming all miners cooperate. Even if all miners did agree: http://en.wikipedia.org/wiki/Folk_theorem_(game_theory) Title: Re: Dear miners you need to sell 10% of your BTC income Post by: Sannyasi on July 10, 2011, 02:35:28 AM Dear OP- i only need to be born and die
Title: Re: Dear miners you need to sell 10% of your BTC income Post by: Trader Steve on July 12, 2011, 01:10:51 AM Dear OP- i only need to be born and die Yes, interesting how some people like to tell other people what to do with their money. With that said, I consider the OP's point as just a suggestion and I will take it under consideration. |