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[SCAMEXPOSER]

Glassnode analytics show that miners have begun accumulating bitcoin after a 5000 Bitcoin sell off valued at $165 million in a single day in June. According to the Glassnode charts, miners currently have a daily net holding of about 2,500 bitcoin. It cost less now to keep Bitcoin functional, and also mining a block now is as profitable as when Bitcoin price was at $64,000 because competition has reduced, and hash rate increased.

 

[LutherKing]

So you can say they are getting their worth in this period of time. Actually they are humans and they deserve to be happy and earning good as well to be honest actually :-)

 

[Wisdom01]

right now miners are actually holding instead of selling off ,the volatility of the market is very high, they need to hold more ,so they actually dont end up in huge loss but in more profit ,I that's actually what miners are doing for now and I love the development

 

[Horia_10]

The miners are definitely holding , since selling on the current market rates would be non profitable I believe the sellers will at-least wait till prices to become $35k and that will take at-least 3 months from now on in my opinion as the market is purely saturated at this point with big whales .

 

[Wisdom01]

The miners are definitely holding , since selling on the current market rates would be non profitable I believe the sellers will at-least wait till prices to become $35k and that will take at-least 3 months from now on in my opinion as the market is purely saturated at this point with big whales .

yes I think many miners mined at the range of about $38k ,I think the sellers still have to continue to hold ,so that they wouldn't be able to earn more loss instead gains ,some miners target are still up to $40k in the target of holding more amount of the Bitcoin

 

[Horia_10]

$40k is a long target , I believe there will be a huge selloff from traders and miners alike at $35k that are holding their assets from more than a month of steep losses and would try yo recover their funds with profits as fast as possible to be honest actually without doubts .

 

[Wisdom01]

$40k is a long target , I believe there will be a huge selloff from traders and miners alike at $35k that are holding their assets from more than a month of steep losses and would try yo recover their funds with profits as fast as possible to be honest actually without doubts .

it's true ,most buyers just want to make short profit and quickly take position ,not everyone have that mindset of holding for long ,some mindset is to hold for short term ,close positions and others ,but holding for long term isn't on their consideration entity ,well let's see how Bitcoin would grow in price too tho

 

[fiery phoenix]

it's true ,most buyers just want to make short profit and quickly take position ,not everyone have that mindset of holding for long ,some mindset is to hold for short term ,close positions and others ,but holding for long term isn't on their consideration entity ,well let's see how Bitcoin would grow in price too tho

Many buyers don't hold bitcoin for long because this is an emotional asset and it requires the emotionally strong to hold it through thick and thin,that is through bear seasons and bull seasons.This recent crash has triggered losses of investors below 20k and we thought those people were safe when bitcoin reached $67k but bitcoin has showed us that no one is safe no matter at what price you bought

 

[Josemendez]

With the current dip in the whole cryptocurrency market especially with Bitcoin dropping below $22k, I believe that most miners will have to hodl more because it doesn't worth selling Bitcoin now due to the low price.

 

[Ben Kempton]

right now miners are actually holding instead of selling off ,the volatility of the market is very high, they need to hold more ,so they actually dont end up in huge loss but in more profit ,I that's actually what miners are doing for now and I love the development

We can only hope that they will not suffer because the market is not in the right direction for a good amount of time. Miners have also suffered a lot due to fluctuation because they earn cryptocurrencies for mining coins and it might be a difficult task for them to convert cryptocurrencies to real, fiat currencies quickly.

 

[Wisdom01]

We can only hope that they will not suffer because the market is not in the right direction for a good amount of time. Miners have also suffered a lot due to fluctuation because they earn cryptocurrencies for mining coins and it might be a difficult task for them to convert cryptocurrencies to real, fiat currencies quickly.

most especially those big mining companies that are mining huge amount of Bitcoin ,where Bitcoin price flunctuation could really affect their profit ,it's really not easy ,but they just have to keep mining and dont stop for now ,the difficulty level is even becoming high

 

[Ben Kempton]

most especially those big mining companies that are mining huge amount of Bitcoin ,where Bitcoin price flunctuation could really affect their profit ,it's really not easy ,but they just have to keep mining and dont stop for now ,the difficulty level is even becoming high

I think that the only way they could avoid losses is by converting the coins to cash almost quickly when they mine the coins and this is not an easy process at all. I guess that the easy way to do that is to use exchanges manually in order to to convert coins into fiat currencies. I guess that NiceHash does provide options to convert mining earnings to PayPal.

 

[Wisdom01]

I think that the only way they could avoid losses is by converting the coins to cash almost quickly when they mine the coins and this is not an easy process at all. I guess that the easy way to do that is to use exchanges manually in order to to convert coins into fiat currencies. I guess that NiceHash does provide options to convert mining earnings to PayPal.

i still think many of them would prefer to hold , because they would feel they can't just go with loss like that , imagine the price of Bitcoin fell at a huge amount within few minutes ,they would prefer to keep holding the Bitcoin despite till they see profit range

 

[u2much]

OK,i guess it is their time to enjoy,let them gather as much coins as they can presently before the hike in the value resumes again.The miners are really doing a great job,so let them continue in this manner so that the re circulation of the coin can gain momentum when the time comes

 

[Tahir234]

Glassnode analytics show that miners have begun accumulating bitcoin after a 5000 Bitcoin sell off valued at $165 million in a single day in June. According to the Glassnode charts, miners currently have a daily net holding of about 2,500 bitcoin. It cost less now to keep Bitcoin functional, and also mining a block now is as profitable as when Bitcoin price was at $64,000 because competition has reduced, and hash rate increased.

That's good

 

[Wisdom01]

OK,i guess it is their time to enjoy,let them gather as much coins as they can presently before the hike in the value resumes again.The miners are really doing a great job,so let them continue in this manner so that the re circulation of the coin can gain momentum when the time comes

although the miners are really In deep accumulation mode for them to accumulate more amount of the mined Bitcoin , although I also believe that with time things would get so much better ,their mined Bitcoin would fetch them more profit in their account I think tho