What's miner's impact on ETH price? Is it minor or very important? If miners are powerful enough to push price up or down, why we should not try to organize ourselves and do something? Just like those guys who're producing oil. When price of oil drops they simply stop production.
What would happen if miners stop dumping their hard earned ethers? Isn't dumping ETH just like shooting in your own leg?
Instead to dump all ETH immediately perhaps miners should save 10%, 20%.... 50% or whatever percent. No reason to sell it all.
We are selling ETH for whatever we can get, that's pushing prices down. When investors see that prices are going only in one direction, they will never be interested to invest money.
So, if you want your ETH to have value of $10, $20... $100, if you want to repay your investment in mining rigs, if you want ETH to succeed maybe we should act like smart investors.
Any thoughts?
What would happen if miners stop dumping their hard earned ethers? Isn't dumping ETH just like shooting in your own leg?
Instead to dump all ETH immediately perhaps miners should save 10%, 20%.... 50% or whatever percent. No reason to sell it all.
We are selling ETH for whatever we can get, that's pushing prices down. When investors see that prices are going only in one direction, they will never be interested to invest money.
So, if you want your ETH to have value of $10, $20... $100, if you want to repay your investment in mining rigs, if you want ETH to succeed maybe we should act like smart investors.
Any thoughts?