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Title: continual selling until no more to sell Post by: jubalix on January 03, 2015, 10:07:44 PM The retail adoption is for the most part insta convert to BTC. Miners have to pay operating costs so are forced to sell.
Every second we see BTC being swaped for FIAT in considerable volume. this has to be a constant head wind on BTC. Eventually the holders and buyers will see supply dwindle then the use case for BTC versus other currencies will drive BTC price. A big use case is BTC can't be Quantitatively eased, and it represents the best competition we have versus the banks. I think mining will eventually give way to a non mining solution such as POS. However these are still early days. Morso than the intertubes as BTC is much harder than the internet to get your head around. Title: Re: continual selling until no more to sell Post by: Stratobitz on January 03, 2015, 10:08:45 PM My point exactly here:
https://bitcointalk.org/index.php?topic=913226.msg10027199#msg10027199 Strato Title: Re: continual selling until no more to sell Post by: Pecunia non olet on January 03, 2015, 10:31:48 PM after all industrial miners who are constantly dumping have dropped out due to bancruptcy it'll go up again then ::)
between us: there's no end to the selling in btc and/or ltc It's going to bleed and bleed and bleed pos stinks too |