Miners Hodling Rates Increases.

[Igebotz]

Miners are hodling more bitcoin might than ever, the selling rate has dropped so low in the last two months compared to the previous years where the selling rate was 87%. Is it a positive sign or a negative? Or are we expecting another dump as they did some weeks ago at $43k? Seemed like the price of bitcoin is gonna rise above 75k dollar as predicted in the next few weeks.

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

[bassbity]

indeed said that worry might be much more dominant than relaxing, because in mathematical calculations this means that the lower the sales level, the lower the bitcoiner range to have a lot
amount of bitcoin.
we identify that in fact what appears to be rapid growth, but behind this results in an imbalance in prices that cannot be reached by traders. thus, it is better to be worried and careful than to feel safe.
  a fall in prices was not expected by the big holders, but even higher prices on the other hand overwhelmed new adopters. high prices are for big money holders, while low prices are desired by all.

[The Sceptical Chymist]

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

Miners might be holding for the short-term, hoping bitcoin keeps achieving new all-time highs, but I can't imagine that they're going to hold their mined BTC for the long-term.  Not that I have expertise in mining operations, but I'm assuming the costs involved in running a huge mining farm have to be paid for with fiat currency (like the electricity bill for example).  They're going to have to sell eventually.

It's in the miners' interest not to crash the market, so I would think that the bigger mining operations would consider how to sell large amounts of bitcoin without moving the market--e.g., not dumping a ton of it onto the market all at once.  But who knows?  I think it's smart for them to hold what they can, as this bull market still has some powerful legs, but miners aren't in the business of speculating on bitcoin's price.

[Igebotz]

Not that I have expertise in mining operations, but I'm assuming the costs involved in running a huge mining farm have to be paid for with fiat currency (like the electricity bill for example).  They're going to have to sell eventually.

Why sell much when a little portion of  0.02BTC could settle electricity bills and other maintenance costs I think they are in for a long hodl waiting for the price to hit $70k then dump it all, when the price goes down they buy again..

[Vishnu.Reang]

This should be a worrying aspect for the ordinary users. Miners can't hold on to their coins for too long. They need to take care of the expenses - such as capital expenses (mining rigs, cooling systems.etc) as well as electricity costs and taxes. So holding on to the coins beyond a certain period is out of question. If there is a major correction, then we can expect a mass dump from at least some of these miners.

[jrrsparkles]

Miners are hodling more bitcoin might than ever, the selling rate has dropped so low in the last two months compared to the previous years where the selling rate was 87%. Is it a positive sign or a negative? Or are we expecting another dump as they did some weeks ago at $43k? Seemed like the price of bitcoin is gonna rise above 75k dollar as predicted in the next few weeks.

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

If miners are holding then surely they are aiming for short term profits because its been the all time high and its not going to get long further in this bull run or atleast how it is supposed to be so if there is start of dump surely the prices will go all the way and it will be the beginning of bear in my opinion.

[Renampun]

...

I see this will keep the Bitcoin price from dropping below $ 50k again...
we already know that holders are 'fortresses so that prices don't fall' and if there are more and fewer people who sell, the Bitcoin price will last, good news IMO.

[Scripture]

...

I see this will keep the Bitcoin price from dropping below $ 50k again...
we already know that holders are 'fortresses so that prices don't fall' and if there are more and fewer people who sell, the Bitcoin price will last, good news IMO.

We still need the demand so we can sustain from a good level but if there’s no seller and no buyer at all, the price will enter into a sideways trend that may result to the big drop sooner or later. Miners are holding Bitcoin for some reason, maybe they are still expecting a big up, or just waiting for the right moment to drop the market, its hard to know why miners suddenly stop from selling.

[wheelz1200]

Miners are hodling more bitcoin might than ever, the selling rate has dropped so low in the last two months compared to the previous years where the selling rate was 87%. Is it a positive sign or a negative? Or are we expecting another dump as they did some weeks ago at $43k? Seemed like the price of bitcoin is gonna rise above 75k dollar as predicted in the next few weeks.

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

Overall holding only increases upward pressure since by obvious reasons less coins get released into the circulating supply.  Less supply on exchange means demand, if the same, would have to buy up the price.  Interesting chart ypu have here never really looked at miner hold rates.

[philipma1957]

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

Miners might be holding for the short-term, hoping bitcoin keeps achieving new all-time highs, but I can't imagine that they're going to hold their mined BTC for the long-term.  Not that I have expertise in mining operations, but I'm assuming the costs involved in running a huge mining farm have to be paid for with fiat currency (like the electricity bill for example).  They're going to have to sell eventually.

It's in the miners' interest not to crash the market, so I would think that the bigger mining operations would consider how to sell large amounts of bitcoin without moving the market--e.g., not dumping a ton of it onto the market all at once.  But who knows?  I think it's smart for them to hold what they can, as this bull market still has some powerful legs, but miners aren't in the business of speculating on bitcoin's price.

If they are multi coin mining like I do and believe in BTC. They hodl the BTC and sell the other coin.

I mine

BTC I hodl all of it.
LTC I hodl most of it
Doge I sold a lot at 6 cents now hodl it.

eth I dump 95% of it as it has real issue if its leader fall dead  tommorow.

Many miners do what I do.  So I don't see this at all like the op suggests.

He also needs to understand even if you are all btc coins were 29k Jan 1 they are now 52K.

If you were 100% into btc and cleared 2k of 29k selling off 27k for bills

you now clear 20k of 52k. selling off 32k for bills if you added some hash.

So it is easier to hodl.

[OgNasty]

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

I think it shows that the market is expecting an increase in the BTC/USD exchange rate.  Typically I would say this is a bad thing, but in this case I think people in positions of influence have been pretty open about large companies and funds' plans to make future purchases of BTC.  This will most assuredly cause a price increase, so what we're seeing with miners is that they want to be the ones who are selling to those large companies at much higher rates than today and are positioning themselves as such.

[franky1]

imagine bitcoin mining cost was $20k/btc all inclusive of hardware and other costs.
when the price in january when they want to take out full cost to buy next gen asics and pay that month electric. they would sell all the coin because the bitcoin price was too around the $22k mark

but they then only need to take out electric and labour and rent costs per month. which is say $12k cost.
and with bitcoin now at $55k+ they only need to take out a fifth of the coins to cover costs

after all
if the price of btc was say the same $22k january amount. they would need to take out 50% to cover their daily/monthly costs or 100% if they are going through an upgrade hardware/expansion phase

always expect most large pools to not spend all funds when prices are high
they 'profit' on a high. by not having to sell all their hoard to break even and pay bills

also note when mining farms do sell.. they dont do it on public exchanges. they have private deals on special OTC platforms.

so for miners its a price move which causes how much coin to not need to sell.
its not a how many coins sold causes a price to move

[coolcoinz]

They see it going up in price so they not only want to pay their bills but also invest a bit by holding on to their coins. This is a very smart move if you take into account the fact that people are paying premium for fresh, unused coins. This means that their investment will grow in value even if the price doesn't! You can't go wrong here.
Should we expect a dump? It's possible if they get squeezed long enough. We are still in a bull market but if they see signs of a bear market (for instance a drop below 50% of the ATH) they will try to sell, but if they're smart they'll will sell to people who want these clean coins, and these people don't trade on exchanges, so chances of a miner dump are slim.

[Lorence.xD]

This should be a worrying aspect for the ordinary users. Miners can't hold on to their coins for too long. They need to take care of the expenses - such as capital expenses (mining rigs, cooling systems.etc) as well as electricity costs and taxes. So holding on to the coins beyond a certain period is out of question. If there is a major correction, then we can expect a mass dump from at least some of these miners.

For those on the short term, they have to predict when is the prices going to dump but I think in the long term this is not significant because this is just a temporary dump and overtime the prices are going to recover and better yet will go up than what was expected.

[meanwords]

It seems like they are taking advantage of this current bullrun. There's just too much pump going on right now that they might have considered to hold Bitcoin to achieve bigger profit. Of course there's going to be dumping anytime soon because they will eventually need to pay for the expenses of maintenance and mining cost.

[slapper]

To me, this is not a good sign. The more people holding their coins, the smaller liquidity of the market. Currently, I assume that there are only a few bitcoin on the market to be bought and sell from traders and big fishes. But when the time comes, bigger sharks and institutional investors can cause a big drop whenever they want which damage strongly the belief of crypto holders. As a result, a big sell-off will be triggered by decreasing the price of bitcoin rapidly.

Moreover, there are too many new miners coming to town. Many of them do not understand a shit of bitcoin and a small FUD easily give rise to panic

Well, right now, everything can explode at any time. Therefore, IMO, do not try to find any indicator or sign that supports the uptrend. A huge correction is coming and many months are needed for a complete recovery. Do not be too confident in the market. Bitcoin does have the chance to surpass its latest peak and climb up to $75000, same as it can reduce 1/3 its price (back to $40000).

[Poker Player]

To me, this is not a good sign.

Why? It makes the price go up.

The more people holding their coins, the smaller liquidity of the market.

That's the point.

Currently, I assume that there are only a few bitcoin on the market to be bought and sell from traders and big fishes. But when the time comes, bigger sharks and institutional investors can cause a big drop whenever they want which damage strongly the belief of crypto holders. As a result, a big sell-off will be triggered by decreasing the price of bitcoin rapidly.

In other words, a moment ago you were worried about the shortage of supply that makes the price go up and now you are worried that in the hypothetical future they will start selling and the price will go down. I don't see that as very coherent. On the other hand, massive sell-offs are unlikely, as Bitcoin is proving to be the best store of value in the world. The only miner who has responded in the thread has said.

If they are multi coin mining like I do and believe in BTC. They hodl the BTC and sell the other coin....

So it is easier to hodl.

[slapper]

On the other hand, massive sell-offs are unlikely, as Bitcoin is proving to be the best store of value in the world. The only miner who has responded in the thread has said.

People also had the same conclusion in 2017. But the price still dropped as hard as it could. It is no doubt, to me and people on the forum, that bitcoin is the most reliable asset which both brings profit and against inflation in a long term. But in the short run, many people are currently in a big hype which they can not control their greed and bad behaviors toward bitcoin and cryptocurrency. This apparently lure many new investors who do not care about bitcoin, blockchain, or the technology behind it. All they ever want is money

What goes up, must come down. It is inevitable

[kaya11]

Miners are hodling more bitcoin might than ever, the selling rate has dropped so low in the last two months compared to the previous years where the selling rate was 87%. Is it a positive sign or a negative? Or are we expecting another dump as they did some weeks ago at $43k? Seemed like the price of bitcoin is gonna rise above 75k dollar as predicted in the next few weeks.

Is it a good sign for bitcoiners? Or we should get ready for a massive dumb incoming?

I agree with this, I have been holding my mined coins for months and at a certain time when I reach my target I sell it all. It is because this way I can my ROI and at thr same time 30 to 40 percent in profits from mining. I have never read any blog about this, maybe most miners fel the same way, but some others sold it once they've reach payout.

[stompix]

To me, this is not a good sign. The more people holding their coins, the smaller liquidity of the market. Currently, I assume that there are only a few bitcoin on the market to be bought and sell from traders and big fishes. But when the time comes, bigger sharks and institutional investors can cause a big drop whenever they want which damage strongly the belief of crypto holders. As a result, a big sell-off will be triggered by decreasing the price of bitcoin rapidly.

Things don't work like this.
If people hold their coins whales can't get coins in order to dump without first raising the price to sky-high levels.
To dump coins you first have to have those coins and the ones that already have don't seem eager to dump them.
You're creating a fake problem in an impossible scenario.

Moreover, there are too many new miners coming to town. Many of them do not understand a shit of bitcoin and a small FUD easily give rise to panic

No there are not, look at the growth in hashrate. And when labeling them as stupid newbies, what makes a knowledgeable person? Certainly, not the lines wrote above.

Miners can't hold on to their coins for too long. They need to take care of the expenses - such as capital expenses (mining rigs, cooling systems.etc) as well as electricity costs and taxes. So holding on to the coins beyond a certain period is out of question.

They can if the conditions are right which is happening now.
If operational costs are lower than your revenues you can hold for those coins indefinitely.
Besides gear is already paid up, unless you took a mortgage for it it's still capital, if you think in bitcoin terms you chose to buy a gear rather than directly BTC so what's the point of selling the profits and turn them into fiat?