Bill Cypher on Nostr: Commercial miners seem to always sell at the worst time for USD profits or stack size ...
Commercial miners seem to always sell at the worst time for USD profits or stack size maximizing. This last bear many of them diamond handed their way down to $25k then panic dumped at the bottom. Here we are with another 3x-4x on the table and they are dumping already.
I know some "price doesn't matter" smartass is coming to correct me. You are wrong. If the prime directive is maximize stack size and you must sell to cover expenses, then selling at the highest possible price maximizes stack size.
Published at
2024-06-11 17:56:40Event JSON
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"content": "Commercial miners seem to always sell at the worst time for USD profits or stack size maximizing. This last bear many of them diamond handed their way down to $25k then panic dumped at the bottom. Here we are with another 3x-4x on the table and they are dumping already.\n\nI know some \"price doesn't matter\" smartass is coming to correct me. You are wrong. If the prime directive is maximize stack size and you must sell to cover expenses, then selling at the highest possible price maximizes stack size.",
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