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Author Topic: How miners sell their Bitcoins ?  (Read 340 times)
OmegaStarScream
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July 09, 2016, 12:58:46 PM
 #1

I want to know how the miners (mostly the big farms) sell their coins ? I mean do they sell them instantly once they are generated or they wait x hours/days/weeks ?

The reason I want to know this is to know how the halving is going to effect the price (instantly or it's going to take time) .

I wasn't here when the first halving happened so I'm not sure how it works , because if they have BOTS that sells for them once they are generated , we should see the price affected right away I suppose however If they only sell after couple of weeks etc... It will take sometime .

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July 09, 2016, 01:01:35 PM
 #2

I want to know how the miners (mostly the big farms) sell their coins ? I mean do they sell them instantly once they are generated or they wait x hours/days/weeks ?

The reason I want to know this is to know how the halving is going to effect the price (instantly or it's going to take time) .

I wasn't here when the first halving happened so I'm not sure how it works , because if they have BOTS that sells for them once they are generated , we should see the price affected right away I suppose however If they only sell after couple of weeks etc... It will take sometime .
They actually do.
Usually they try to book their profit freshly after halving,when they got they rewards
that's why we may see a fall in 5 hours Wink

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July 09, 2016, 01:02:15 PM
 #3

Nobody said the miners are selling coins at all to begin with. Some might see it as an investment and are hoarding massive amounts of bitcoin by now.

If they sell to cover their expenses, it is probably happening on a certain schedule to keep the fees as low as possible. Maybe even off exchange in private sales. If they sell on exchange at certain schedules, that may explain dips and if you can figure the rythm out, you may be able to act on it.
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July 09, 2016, 01:04:00 PM
 #4

In this moment in Chile is a big amount of cheap energy for Mining Farms.

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July 09, 2016, 01:12:44 PM
 #5

It depends on how their deal is, because some make deals with exchanges and it goes straight to exchange addresses and others hold a bit, then sell them.
The effect will always take some time due to the need for adjustment, so I give it a 2 weeks period to see it fully in place but we might see slight change later on.
drwtsn32
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July 09, 2016, 02:25:31 PM
 #6

Try to put yourself in the situation of a miner.
Would you sell your coins daily or save them for some time?
That depends if you need money to use today, then sell some today.
That also depends if you feel that the price is good today, the sell some today.
That also depends if you are already rich, then you don't have to sell and save it for a long time to get even richer.

 Grin
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July 09, 2016, 02:32:03 PM
 #7

I think they will hold it if they don't really needs and seeking for the right condition to sell it all,but they will selling it once per month so they can afford electricity and their needs but still holding a few to prepare any price rising,and I think they're not that dumb to sell instantly even when price falling

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July 09, 2016, 02:33:19 PM
 #8

Try to put yourself in the situation of a miner.
Would you sell your coins daily or save them for some time?
That depends if you need money to use today, then sell some today.
That also depends if you feel that the price is good today, the sell some today.
That also depends if you are already rich, then you don't have to sell and save it for a long time to get even richer.

 Grin

I personally would sell for another time but this is depends on the miners I suppose , they spend millions of dollars on those things and I'm pretty sure they have some daily expenses as well so It's pretty much not that easy.
some people also keep saying that miners may shutdown if the price goes low so It wouldn't make sense if we say they are holding them for long term.

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