What we are seeing is a speculative bubble, pure and simple.
That's the reality. The sooner it pops, the better for everybody. |
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Avalon: Shipped
BFL: Epic delays. Possibly a scam. WARNING: do not order until (and if) they ship consistently
Reclaimer: Canceled
ASICMiner: Online (selling hardware soon)
bASIC: Canceled (issuing refunds - some not fulfilled - some users claim it is a scam)
Primeasic: Scam
Dragon ASIC: Scam
Lighting Miner (Computer Multiverse): Scam
Cedartek: Scam
Helveticoin: Unknown yet
Kncminer: Unknown yet
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Guys... This is a so obvious
SCAM
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I don't agree with this topic opinion.
Buying an ASIC miner is also a kind of invest. Nobody can ensure his invest is always right.
Even if you failed to get the invest mony back with the machine of Avalon batch #3, it is very normal and nobody you can blame.
And still, you would be one of the very first 1,500 lucky persons that owns a piece of History of BTC: one machine of the first generation of the first BTC ASICs ever produced. Cedivad: not that bad, right? |
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Though I initially listed Mosper as a possible scammer in the list where I keep track of such users (see sig), I'm hesitant to flag him as a scammer since, as in SynOps case, he seems to be making an honest effort of paying back his lenders, but the rising exchange rate of a Bitcoin has become on obstacle. Mosper, please keep the lenders updated. I want to see you on the green list  But... The guy is shorting bitcoins... Seriously? |
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I took the time to update my post with some calculations so that you can get the concept.
Do you understand that this is now a fucking 250 million dollar market? Silicon valley CEOs are having wet dreams thinking about that. It will not happen in the next 3 months, but this summer, I'm quite sure I will shutdown my avalon.
I would be happy to be wrong. Asicminer alone is projecting 1000th by the end of the year, 8 months to go. It will be an arms race.
Big structures are not flexible enough to make strategic decisions quickly , and everything is happening very fast. The risk of a BTC price drop is still high, so the rise in difficulty will not be so immediate as you expect. Your batch #2 will ROI nicely and will give you nice profits - you can bet on that. If exchange rate keeps growing and market gets stronger... Oh boy, we are going to see huge, game-changing investments in the next couple of years. |
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Im willing to fly over with a camera, possibly even with 24h notice, when you have something to show and to sell.
But then only you would know we are legit, I would suggest some sort of live webcast /online meeting so everyone can join interact and see what we are up to and it would save you the flight That would be awesome. Quoted for proof  |
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But single digits? No way. Market depth is not that small, and there are still plenty of "late adopters" queueing at Gox in order to pour in fresh fiat.
To put some perspective to that statement. I submitted my ID to MtGOX for verification Sunday afternoon. The site now shows me, "Your Position in the Verification Queue 13640". I was number 13720 about 4 hours ago. I still don't see cheap bitcoins  Cheap? is Relative... I saw a nice 10% price drop. What other investment will give you 10% on your money in < 4-5 hours?!Pachuco, we have seen days with 40% ups&downs in price. If you are into daytrading, BTC is definitely your thing. I'm for buying and holding, BTW  |
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The bids side has lost about $2m in the past few days. The asks have significantly increased. I'd say we're witnessing the reversal.
That's true. I saw the same signs as you did - that's why I have some fiat at Gox waiting for that crash that will allow us to buy cheaper BTC... It's true that if early adopters decide to cash out some hundreds of thousands of BTC we will see a significant decrease in price, and that will be an amazing buying opportunity. But single digits? No way. Market depth is not that small, and there are still plenty of "late adopters" queueing at Gox in order to pour in fresh fiat. And frankly speaking: I've been waiting for that decent crash since we were at $40... And so did you... And what happened since then? Let's face reality, my friend |
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Hey deathcode, how will be things getting once we past $1,000?
let me check... mmmm have you seen boiler room? the speech from Ben Affleck? Well, I'll resume it for you: "I'm a fucking millionaire" reality check: I don't think it will happen this year. Do you realize how many fucking millionaires there would be in this forum if (or I should say when?) we hit $1,000? reality check: It may happen this year, but I hope things calm down a bit. |
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Hey deathcode, how will be things getting once we past $1,000?
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Really hope this project is legit. Full support!
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Hyperbolic growth is a rollercoaster ride.
But roller-coasters go up and down... I don't see any downs in this....(yet) Have some cash at Gox waiting for the big down... But oh man, dumpers are procrastinating their shit, I'm getting anxious, I may just panic buy |
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i will for aslong there's real money to be made in bitcoin and this forum is just a side kick for entertainment
You remind of the people who bought BTC for $30+ and cried / complained after it came back to $2, but maybe it works for you. Good luck with your bubble mentality! We need more people with this mentality. Weak hands willing to sell their coins CHEAP! |
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I do not see it hitting 1000
Then please SELL |
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Once we past 200$, likely today it is even more interesting.
I guess what will happen when we reach $1000 I can foresee some pumping&dumping coming, let's be prepared to take some cheap coins from weak hands! |
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I'm considering selling all of mine at the market price of $175, and waiting to see what happens next. Its so hard to decide lol. What if it hits $200? etc.
You are in BTC because of fiat profits? SELL SELL SELL You are in BTC because of freedom? HOLD HOLD HOLD Every BTC sold goes from weak hands to stronger hands. Just do it! |
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The fact that I never voted in my life could mean that I agree with you. I do not have the guts to vote, it's a too filthy mechanism for me.
Nevertheless, I still think that "working inside the system" can be positive to achieve specific goals that make our day-by-day life better.
You've earned a bit of esteem in my eyes by this... that you refuse even force by proxy as "filthy" speaks well of you. And yes, perhaps a single-issue vote, against a specific measure, might help achieve some goal or another, but as you said, it is a filthy practice, voting, and I consider what few benefits it may offer insufficient to offset the distaste. I already got a lot of esteem for you - not because we agree on some important points, but because we disagree on some important points and still your debating in an intelligent and civilized way. And you are not making fun of my very poor english So we've placed me. But you, and your comrades, have consistently skirted around several issues. I'll settle for you responding to this one: I'm all for equalizing opportunities. That's why I'm anti-State. But when you try to equalize wealth, you only end up with fail. You'd need to continually steal from the more productive, and give to those less able. Then what are you doing, but trying to compensate for physical or mental inequalities? And eventually, the result is exactly the opposite of your goal. Opportunities are quashed, along with the drive to take them. Why bother, when anything you do to stick out from the crowd will just be cut off and siphoned to those who didn't take the opportunity you did? Meanwhile, the apparatus you've set up to equalize wealth has itself become the most powerful player in the game, and we're back to square one.
Obviously no real anarchist would try to equalize wealth by force. That's why anarchists and communists fighted to death despite the fact that they initially cooperated in the First International. As Rudolph Rocker's said: Socialism will either be free, or it won't be at all. I also disagree with you on the fact of the "less able stealing from the more productive". I think this is unrealistic and won't happen, as mid-sized (Aragón, Spain) and small-sized (Israel Kibutz's) anarchist experiences has demonstrated. How it would work on a large scale, we don't know - we can just speculate. I personally believe that capitalism and its wild competition, its perpetual growth goal, etc. is profoundly self-destructive. I think that "nature's way" is cooperation. While Darwin was right pointing out that nature is a fight for survival, this does not invalidate the fact that the vast majority of animals and pre-private property societies cooperate in order to survive. Just look at bees, aunts, etc... Kropotkin wrote a wonderful anthropological essay about that. As per Kropotkin: There is an immense amount of warfare and extermination going on amidst various species; there is, at the same time, as much, or perhaps even more, of mutual support, mutual aid, and mutual defense...Sociability is as much a law of nature as mutual struggle. Last but not least: I'm also surprised by the US conception of "liberal" as left-wing. While it is true that the first liberals (Enlightenment age free-thinkers) have inspired both left and right wing philosophies, and that they were more "left-wing" oriented in the sense I explained above (position on inequality), the historical truth is that modern liberalist theories were prolifically developed by "lassaiz-faire" supporters of industrial capitalism of the likes of Adam Smith, Locke and more recently Hayek, Mises, etc. Therefore, XIX Century inspired liberalism is pro-capitalist and right-wing. This is commonly accepted in Europe (all right wing parties except fascists call themselves "liberals"), while in US you call liberals left-wing supporters. Quite curious indeed, and with no historical basis IMO. |
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