Are miners HODLers?

[giszmo]

People speculated on reddit that the price went up 7% because the difficulty went up 20% resulting in 20% less coins flooding into the market.
I argue that miners are holders as they already made a long term commitment.

Please help me find out the truth

[pikabit]

Im not a miner, but im sure they dump to pay the costs and keep most of the gains for the future (if they are intelligent)

[giszmo]

Im not a miner, but im sure they dump to pay the costs and keep most of the gains for the future (if they are intelligent)

So you say they dump just as much as they have to keep their operation running? Do you think they dump all coins until they break even and then as much as they spend on electricity?

I totally disagree but just want to understand your concept. According to you I am stupid I'm glad I helped out the network back then instead of buying the coins on an exchange and made a profit thanks to not being intelligent back then.

[bitllionaire]

I think that miners are instasellers to recover and keep profits as a hold

[giszmo]

I think that miners are instasellers to recover and keep profits as a hold

This makes sense if they bought with credit. If not, why would the first bitcoins be any different than the later ones?

[littlewizard]

I mine and hold, and believe Bitcoin have a bright future.
Profit is not much by mine and instant sell.

[MyPotPlantDied]

Most miners are dumpers for the simple reason that they have massive electric bills to pay every month.

[ltbharley]

Miners have to sell their mined coins to pay the working costs of their rigs, I don't think they are hodlers at all.

[ChuckBuck]

Can't speak for all miners, but personally I'm not only a HODLer, but a HOARDER.  

I don't spend a single satoshi (actually I have, but recouped it back mining/selling equipment), just keep hoarding until the eventual pop, and will start spending BTC once it's universally accepted as payment everywhere.

[ebliever]

People speculated on reddit that the price went up 7% because the difficulty went up 20% resulting in 20% less coins flooding into the market.
I argue that miners are holders as they already made a long term commitment.

Please help me find out the truth

The industrial scale miners that now dominate mining have to pay their bills sooner or later. I'm sure they'd LIKE to hold (in general), but given how cut-throat it has become I doubt they have a choice and have to sell almost all their mined BTC pretty frequently. Especially since the price has tended to languish, which forces them to dump more BTC to pay the power company, which just aggravates the downward pressure on the price.

Once the industries' weaker mining concerns start dropping out and those with deep pockets remain, selling pressure will subside and you'll start seeing major gains in BTC price. But first there has to be a bloodbath. (Geopolitical events or a national financial crisis can trump this as well, of course.)

[btckold24]

Personally I spend real cash on equipment (consider it my investment) then I hold the btc.  The only thing I have used btc on is miners where I couldn't pay cash.

I think most miners are holders especially if you consider miners don't make any money if you just sell the btc.  I am mining for the EV of where btc could go not where it is today.

[Beliathon]

Can't speak for all miners, but personally I'm not only a HODLer, but a HOARDER.  

I don't spend a single satoshi (actually I have, but recouped it back mining/selling equipment), just keep hoarding until the eventual pop, and will start spending BTC once it's universally accepted as payment everywhere.

Intelligent person detected.

[Prez]

I mine and sell instantly, I guess I'm stupid...

[valvalis]

I'm miner. I do not directly sell the coins, and also does not hold for too long.
When I need some cash, I'll sell it.

[cp1]

People speculated on reddit that the price went up 7% because the difficulty went up 20% resulting in 20% less coins flooding into the market.
I argue that miners are holders as they already made a long term commitment.

Please help me find out the truth

Difficulty increase doesn't mean less coins are mined.  In fact, if there's a massive influx of hashrate more coins will be mined per hour than before, until the next difficulty adjustment.

[johstacy]

My friend & I miners and I sale all to what I need to in order to pay my bills.

[78lower01]

I'm not a miner but as they posted before, miners have to sell all (or a part of) their earnings to cover the expenses.

[snappa4ever]

People speculated on reddit that the price went up 7% because the difficulty went up 20% resulting in 20% less coins flooding into the market.
I argue that miners are holders as they already made a long term commitment.

Please help me find out the truth

I very much disagree with this logic. Even though difficulty increased by 20%, the target block time stayed the same.

I think that today's miners are businessmen who need to pay for the current expenses associated with running a miner (mainly electricity) so they will sell at least a portion of their bitcoin produced.

[SLVR4ME]

I'm miner. I do not directly sell the coins, and also does not hold for too long.
When I need some cash, I'll sell it.

I myself agree with this. I also feel that most miners are in this boat

[bigasic]

I think the majority of them are, but there are tons of expenses that need to be paid, electricity and space. I got out of mining end of last year and the big farms are the ones that are going to win, but when prices are going down, like they are, they need to hold, but I think they will start selling as the price goes up. But when us little guys used to mine with our GPUS  or FPGA's 99 percent of my coin was held, but its hard to do that when your  electricity bill is in the tens of thousands per week or month..

Imho, big miners hodl a little and small miner hodl what they can.. asic really changed mining.. Pretty soon it will be down to just a handful of companies...