No te lo juegues todo a una carta, diversifica y acertarás

Because still BTC value is related to fiat, and they control fiat. We really need to break the loop and FORGET about fiat to have a chance, and this is not happening.

I'm seeing this all the time, both in these forums and surrounding me. People saying "nice it popped, now I can get on board and wait for the next bubble"

Kinda sad and pathetic if you ask me

Controlling monetary supply = ruling.

Bitcoin could have the potential to endanger the position of the most powerful men in the world, if it really gets serious they won't hand over their power without a fight. And obviously they would very likely win that fight.

It fucks with the status quo, of course it is illegal by nature

I wonder how fast are they when someone tries to withdraw something near $1M

Everybody is speaking about how BTC is deflationary... Well, didn't you see how its value just got from $266 to $100 in hours? What was that, the USD deflating?

We mustn't fool ourselves. Bitcoin is not going to be truly deflationary nor a safe store of value if we don't break the loop. While the "value" of Bitcoin is established with its exchange rate for FIAT... We are just fucked, and it will just be a TOY for speculation, while being very vulnerable to attacks from its enemies.

Think about the most likely attack to BTC from its natural enemy, the FED: they own fiat money, and if they feel BTC is a danger for them, they can just pump it to the fucking sky to crash it to almost $0. Explain then about how it is a "store of value" to those who lose everything. How do we avoid that? Breaking the fucking loop FIAT->BTC->FIAT.

We need business that set their prices in BTC, and pay all their costs (including salaries) in BTC. We need to break the laces with fiat money. When we do that, then we will have a really deflationary currency that will truly serve as a store of value. Until BTC's value is related with the exchange rate with fiat... We are fucked, and it will be useless as soon as the FED decides it has to go.

Forgot something: all the guys speaking about bitcoin being deflationary... Well, didn't you see how its value just got from $266 to $100? What was that, the USD deflating?

Don't fool yourself. Bitcoin is not going to be deflationary if we don't break the loop. While the "value" of Bitcoin is established with its exchange rate for FIAT... We are just fucked, and it will just be a TOY for speculation.

Think about the FED: they own fiat money, and if they feel BTC is a danger for them, they can just pump it to the sky to crash it to almost $0. How do you avoid that? Breaking the fucking loop.

We need business that set the price in BTC, and pay all their costs (including salaries) in BTC. We need to break the laces with fiat money. When we do that, then we will have a really deflationary currency that will serve as store of value. Until it's value its related to the exchange rate with fiat... We are fucked.

I think is bad we didn't had a REAL correction, down to $30ish and then stabilizing at no more than $50ish. I think $100 per coin is overvalued at this point, and the price is so high only because newcomers feel that they are getting cheap coins and want to be part of the next bubble.

There is a fundamental difference with the 2011 bubble: now everybody expects BTC to recover and go into bubble mode again, sooner or later. People is not screaming SCAM! like in 2011, people today is screaming WHAT A NICE PONZI! I WANT TO GET IN EARLY AND BE PART OF IT!

In fact, after the bubble burst I've been called by 5 friends who wired me A LOT of fiat to buy them bitcoins through my Gox's verified account. It's crazy, I could live all we have left in 2013 just taking 10% of what they gave me. All of them say: hey, now that the bubble popped, is a good time to enter and wait for the next one!

I have to admit that I'm amused by the fact of making a very nice profit doing NOTHING, but at the same time all this makes me sad. I hate seeing friends I love and respect entering into Bitcoin ONLY because is bubble-prone and ponzi-like (let's state the truth, as all commodities Bitcoin has all the characteristics of a Ponzi except that no one is promising you guaranteed returns... Well, some hardcore true believers do)

At the end of the day, buying $30K in BTC it's a PAIN IN THE ASS for the average Joe. Going through MtGox, etc... Is slow and painful. And then, cashing out significant amounts of fiat from the system is even more difficult. This for me means that $100 BTC/USD is very overvalued, and that price is just based on the expectation of riding the next bubble. I think this is not healthy, and I would prefer much more a rapid downtrend to $30ish, to then grow again with people really USING BTC, while businesses acceptance of the currency grows in parallel.

Well, you said you wanted 100-200GHs for $2.5k, maximum you will get is 10GHs for $7k. You can bid here: https://bitcointalk.org/index.php?topic=178275.msg1874563#msg1874563

With that budget you can order 50GHs from BFL that will arrive to you in June... 2014.

Nowadays nobody is going to sell you ASICs for $3-4K. Maybe in a couple of months, maybe in September... But not now. Guaranteed.

For that budget look for FPGAs, forget about ASIC. Cheapest ASIC at the moment is 10GHs ASICMINER blade, which are been auctioned for aprox. 70BTC ($7.000) each. There is a post on the auction forum, bid to get it if you're really so interested in buying.

Yeah, BitcoinHarlemite = joker.

You are not going to find that for $2.5K as you are suggesting in other threads.

Make your own research and prepare to add a zero to your budget for something BELOW 100GHs

Man, you know those numbers (eg. $1.17M needs to be sold to get $85) are just fake walls that vanish when the price goes down, right?

$100 is huge resistance point and there will be volatility around that psychological barrier (which is b/e point for a lot of people), it is difficult to know for sure if price will go down to $65ish in the next few hours/days (it's likely, but no one can be sure), but you can bet that price will go at $85 all the time (well, in fact we touched less than $83 just 22 hours ago).

I mean, BTC is volatile, try to take advantage of that or others will do (with your money).

I guess only real noobs lost money. Heck, this was SO fast that only the absolute newcomers could have bought a significant amount of BTC above $100 (which is the aprox. price we stabilized at).

Si, el cgminer.

Good news. So they are legit, only concern is that they may not be able to develop such an ambitious project, which happened to bASIC and BFL.

If they do not take advance money until they have a working prototype we should be OK

After speaking with ORSoC CEO, I can confirm that he guarantees KNCminer is NOT a scam.

Nevertheless, I cannot guarantee ORSoC is legit, but they seem to be. I would recommend some of our Swedish fellow Hero Members to do a background check on ORSoC, just to be sure.

Last but not least: I offer myself to visit KNCminer to test one of their products and to vouch for them in front of the community.

Let's see how soon we break $100 and then $130. I believe this crash was needed and very healthy, parabolic growth is unsustainable. We need weak hands selling at their b/e point.