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April 12, 2013, 07:31:09 PM |
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1) Speculators makes profit by buying low, and sell high. They need the graph as rollecoaster, because THERE is when they can make profit. If value go up and up, the speculator Can't make money; but INVESTORS CAN.
2) Investor buy now because BTC is cheap and wait a better value to buy things later. Today with 1 BTC you buy a sandwich, tomorrow a car.
3) Miners, like investors, wants the BTC as high as possible making mining profitable. So, the best move for miners is NOT SELL, but KEEP coins. Or, to be more precise, selling high in a place where buyers can't get; like running behind a rabbit you can't catch. Example, market says 2 dollars, you put orders on 2.5. When markets get on 2.4, you go up to 3. In this way you are entices people to go behind the value.
Miner and investors work together. Speculators like the coin crash to bottom, to buy, and later make it high to sell. They are hurting us all.
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