I'm not so wild about your post title.

What is your point? Do you really have to articulate your market opinions in such a way as to sensationalize?

I mean, christ, how about "Think BTC is going stay below 30?".

Instead we get something that looks like FOX News wrote the summary. "Up Next - MINEDUMPERS and CONTINUED PRE-PRICE (whatever the hell that means) DUMPING ... STAY TUNED"

I'd love to read a post from you that wasn't a direct feed from your negative-pricing bile duct. Or at least something constructive enough that I could take you seriously. I believe that the market will fluctuate, and I don't believe that your artificial price 'ceiling' will hold.

I'm not either.  I have everything to lose by the price remaining low.  Just relaying what I think is an accurate prediction for the price, and so far I've been right.  Hopefully it goes up!

This is a very great point, one that I've considered myself. However, if most of these miners see a future value in Bitcoins, they will tend to sell less. So the price is less likely to drop as long as most miners see a positive outlook.

I thought the same thing when I was new, which is, "OH Jehovah! Miners are starting to dump their bitcoins!" But then, upon investigating chart data further, I realized that people have been dumping large amounts of bitcoins at once for a very long time. In fact, all throughout bitcoin's meteoric rise, there are major dump events. Usually, they just spike the market down and it recovers quickly. In march, I believe, there was a massive sell-off from one guy, and people wrote afterwords about how remarkable it was that the market recovered.

Right now, sure, there are some big swinging dicks selling, but there's also a correction going on. The major sell-off "depression" event that I've seen written about in the media was prompted by a few big sell-offs, but it only took hold this one time out of hundreds because the masses seemed to think that bitcoin was overvalued. So when they saw big sellers running for the hills, they joined in.

In other words, you don't sell-off if you think that the market will recover soon to current levels. You only join in a sell off if you either think that you can buy back in at a lower position before it comes back up, or to keep from losing your hat while the market corrects. Most everyone was firmly in the latter category.

Just wait till next week when the difficulty doubles.  I'm sure you will get your price going up at that time.  Coins are getting put in faster then what was intended right now because the difficulty is too low for how many new miners have set up shop in the last month.

I think you may be underestimating the buy and hold crowd

I personally have ~1.6 Mh/s so thats about 2 bit coins a day at current difficulty.. 

I have been selling 1 and keeping 1...


Overall it makes the most sense for me to keep about half dollars half bitcoins in my account, if the price takes a sudden drop, I can jump in and buy up cheap coins, other wise I'm just generating them and selling half of my earnings as $$ and slowly accumulating coins.

yea

oops typo