Heh, your single digit prediction might just come true
I think there's a really good chance of it. It all depends on what happens in the next few weeks, I think. And, really, it turns on whether there's a strong move up. If there isn't soon, then I think the weight of this weekly crossover will depress the price for several months. The wild card is the reward change,
but I'm of the opinion that if anything it will negatively affect price.QFT.
Especially when all these new asic miners, who now get half of what people are used to, want a ROI of their hardware.
They spent millions of dollars.. and do we really think they are all going to horde btc? Nope. They want their USD back
ASAP. Then maybe they will horde btc again.
If I spent 5K on asic hardware.. i know I would want my USD back. At that point it is not a hobby but a business.
agreed,
the other wild card is how ASCI miners will react to the price slowly going down for several months.
if i spent 5K on hardware, I'd sell when i think the price is high Buy when the price is low, and get 5%-10% more USD out of my mined bitcoins
...
if i spent 5mill on hardware, I'd mine all the bitcoins and buy the rest
Show Posts
