Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254091 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (68 posts by 16 users deleted.)
MrPiggles
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November 21, 2014, 07:38:29 PM

Miners are NOT dumping bitcoin.  Miners are generally bullish about bitcoin and generally holders.

Is there any evidence for that claim (other than some big miners saying so)?


Surely some miners are making such statements, and you should already realize that you do NOT need a lot of coins in order to manipulate prices downward.  If someone has 10k coins, then s/he it can accomplish a lot of BTC price manipulation. 

Miners dumping is NOT a logical conclusion,

In short, the answer is "no, there is no evidence that miners are holding".


There is Jorge, and you know it:
http://www.asx.com.au/asxpdf/20141020/pdf/42t0mqrygyzd74.pdf


However, because of investments in mining equipment and the fact that the firm is holding a significant portion of its mined bitcoin, the company posted an operating loss of $261,000.

Despite the figures, the company is downplaying the effect of short-term price fluctuations on its business and still maintains its performance is "robust".

Unlike most bitcoin companies, Digital CC Limited is a public company, trading on the Australian Securities Exchange (ASX) as 'digitalBTC'. This makes it is the only major mining operation with an obligation to provide such information, giving outsiders a rare glimpse into the inner working of a bitcoin mining company.

Jorge is just a dumbass troll who tells lies he's easily caught out on, ignore him.

I just had dinner cooked by Heston Blumenthal, it was rather good. The meatfruit was an especially nice touch.

<paid for with bitcoin, I might add.