Miners Are the Bears

[Darker45]

I might not call the miners the bears, especially if they are selling so that they could continue to operate efficiently. They need to sell. They cannot just shoulder all the operational costs out of their own pockets because they don't want to sell to avoid hurting the market.

It is not an issue of whether they believe in Bitcoin's price increase or not or whether they are bears or bulls. The point is that they have to sell because they need to pay the electricity, maintenance, and other regular expenses; or they need to do some upgrades. But they are aware of the market situation. They definitely do proper timing.

[cabron]

Whalessell the news. When there are good news out there you can expect the price to dip as they accumulate the BTC sold by the retail investors and miners adds the bear trend of it as they have to pay bills.

The miners have to sell but I think more is going to sell for a higher price than the retailers. It's the crackdown that forced them to sell low, you can blame it all for the regulations and baning of miners.

[haasanjui]

Miners are not bears they research about coin and make and use their own strategies to earn profit. Traders buy ir sell coin on their own risk.

[marilynmanson21]

you can't say miners are bears, because miners are just one way of getting bitcoins and that too is done en masse and the fees for this global system are shared across thousands of computers, and they recoup their costs with newly mined Bitcoins. Long story short, this is a democratization of financial infrastructure.
so it's impossible if miners are said to be bears because they get bitcoins after the rest of the costs spent on mining

[Leviathan.007]

lol don't blame the miners whenever you see a bearish price movement in the market the miners are usually sellers more than buyers in the market, but even if they see any coin they mine still this can not be a reason for a dump in the market. Just like anyone else and any other holder and investor, miners will try to sell the bitcoins as expensive he can so he usually tried to hold more than buy, this interest can make miners holders, they mostly have the interest to hold bitcoin so they can take advantage from the bullish price movement in long term.

[BlackHatCoiner]

Read what you write before clicking “Submit”; that's why it allows you to preview your message. The following sentence doesn't make a lot of sense.

Also, with lesser miners, transaction hash rate will be low so sell off from them will always bring a positive result to the bitcoin network.

Assuming you mean “less” instead of “lesser” and “difficulty” instead of “transaction hash rate”, you still don't make much sense. Why would their sell-off benefit the Bitcoin network? If the difficulty drops, so does the security.


Miners are definitely not bears. It's in favor of them if the price rises, because they mine the same amount of BTC, but with an increased valuation. They're nothing, but bulls.

[pooya87]

If you think a little about what you say you will realize how silly that sounds like.
A bear is someone who believes that the price of what they have is going to go lower. Think about this a little, why would someone who thinks bitcoin price is going lower continue to mine bitcoin? That is their revenue and profit that is going to decrease. In other words if a miner thought price is going to go down they would stop mining instead of continue mining and sell at a loss!

Miners aren't bulls or bears mostly because majority of them aren't traders. If they sell they do it to cover their costs not because they think price is going to continue dropping (ie being a bear).

[Assface16678]

Miners do buy at low price and sell their mined btc and the one they bought at high price. The bearish may come with other reason but I do think that what I mentioned earlier are what the miners are doing.

[Mr.sprin]

I think miners are not bears they spend capital to buy mining machines just like investors they spend capital to buy coins here are the same as looking for profit but in a different way.

[Ararbermas]

Their work is different compared to investors wherein the only one who have big contribution in the market, so how comes miners can make the market bearish? Seems impossible because they are working for hasrates not the demand and supply of the market.  Yes they're are useful but probably it's not how what you think mate in my personal opinion. Indeed ever since before i never heard such issue from miners, wherein only big investors can always influence the market..

[Ziskinberg]

I don't blame miners for this and certainly don't see any manipulations happen that influence the trend but it was the market did this.

Will the miner made some benefits from this due to the surge of market transaction but not because of the bearish alone. It is a part of market changes, we're often experiencing this since before and I don't think how the miners took this responsibility as they are not the ones controlling the market. It is not them, it is a market feature and we need to understand this rather than blaming others.

[so98nn]

I believe that miners do not dump or sell off the money all at once. Most of the miners keep selling as they keep mining after calculating the profitability that is based on the expenses they made. I know this for sure because I am also mining on micro level. Whenever I am getting my coins I will usually check the price, will see whether it covers my expenses and still left out with my profits or not then will mostly sell on weekly to monthly basis. Usually selling means I would just convert the coins in USDT for stable rates and then whatever happens to market won't impact it anyways. So this is also one point, many miners won't convert to fiat immediately but to the USDT mostly.  
But I am very sure that miners are not bears here. There is living proof too. Also we can also say that it's exchangers who are selling off and they are the bears! Many possibilities are there but we couldn't say for sure whose the bear.

[Coin-1]

Miners are running a business. They are going to have to sell their BTC to pay bills that is just the way it is.
What they do with the rest depends on the business model.
If their model is to expand then they sell more BTC to get more miners & larger facilities.
If their model is diversification, then they sell more BTC to buy other coins.
If their model is to hold and grow then they sit on the coins.

Yes, Bitcoin miners should regularly sell their new BTC coins for fiat money in order to pay for electricity consumed and cover all other costs. Depending on the situation in the cryptocurrency market, most of the mining pools make a decent profit, so administrators can temporarily hold some of the mined coins. This would be a smart decision on their part because the Bitcoin price is likely to significantly rise over the next 3 years.

I guess the OP calls miners bears because he thinks they always dump all their BTC coins with no remainder on cryptocurrency exchanges. Of course not. Some miners act as long-term investors.