While I appreciate your work making this, some of your calculations are just dumb. Are you getting paid or something to put soo much dissinfo? example: sensei k64 18048MH/s for 3.09BTC (total nonsense as this is without chips) real price is 3.09BTC for assembly and 64x0.079=5.056BTC for chips (best case) 3.09+5.056=8.146BTC 18048/8146=2.21Gh/s per BTC and not 5.848GH/s per BTC rant off.  Thankfully someone noticed this because of obvious miscalculations in missing chips. |
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Anyone know if they're offering upgrades from saturn to jupiter and if so when and for how much?
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AM have a nice track record of shattering expectations (upwards) so while a nice dose of caution isn't bad, don't rule out a surprisingly high dividend either  So does AAPL and look where they are right now... |
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Obviously missed out on the point that the person driving the price down could be buying up the bitcoins on the rebounds making it seem like there is plenty of buying pressure, when in fact there isn't much buying pressure in the $100 range. This is my opinion why this is happening, will continue to happen, and why the price will continue lower for a good while.
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"[bitcoin] has fluctuated sharply, but overall it has soared. So buying into [bitcoin] has, at least so far, been a good investment. But does that make the experiment a success? Um, no. What we want from a monetary system isn’t to make people holding money rich; we want it to facilitate transactions and make the economy as a whole rich. And that’s not at all what is happening in [bitcoin]." -Paul Krugman
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People who want the price of BTC to go up are hurting the long term viability of bitcoin. This is because they buy bitcoins and then hold them until the price goes up which removes bitcoins from circulation. Obviously for bitcoin to be a true currency it needs to be traded like others and have long term price stability. Bitcoins going up up up in value is terrible for bitcoin...
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Umm I think I've got time to answer my phone. Hilarious.
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Thats great it only took them 51 weeks to do it and 60 GH/s isn't going to be much soon.
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The also put their new Mini rig back on the product page, it's a lot more expensive then say KCminer, with the 2mth+ lead time it's probably not worth it.
Yeahhh... not gonna lie terrible price point and will never ever pay even close to itself back. Primarily because you will never get it. |
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3 months is a substantial amount of time. If they can get more businesses open to taking bitcoin its definitely better for the community in the long run.
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This is used to dissolve gold from water. Creating gold from other elements requires a supernova or something of that magnitude of temperature and pressure.
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Hey, I just noticed there are two threads near the top of the page that mention $30 in the thread title. But bitcoins are $105. So now I want one too, just to be ironic. Are there people who actually think BTC is going down to $30 anytime soon? Delusionally ranting about how "the real capitulation hasn't started yet" while not giving any legitimate support for the implication that we aren't currently in a capitulation period from the ridiculous $266 bubble? What do we think all the sideways motion has been from... maturity? Ha ha ha ha ha. Discuss  Also: I made a $30 thread at $105 before it was cool. You lost me at sideways motion. I have no idea how the drop in price over the last two weeks can be described as sideway motion. |
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Can't wait til this weekend to see another drop in price by $10 or so, and there will still be bulls saying buy its cheap.
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Could be since these asic companies are dumping millions
Don't think the companies are dumb enough to manipulate the market down as it then cuts into their profits. It is more than likely someone looking to capitalize on shorts of BTC/lower prices. |
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It sure looks like it, but historic trends does not necessarily repeat itself.
That all said, I think we are in a downwards market ATM. Actually I am surprised that BTC have stayed so high for so long as it have this time. That may mean that the bottom will be higher than the $20-30 that one would expect comparing to historic trends and 2012.
Well said and pretty accurate but wouldn't be surprised if the bottom is $20-30. |
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We will cross 30 and the capitulation will begin.
I'm thinking the same, although it's hard to predict when it actually will bottom out. We have been in a downwards trend for the last two weeks, I think it will continue for some time. We are likely to see 100-110 and possibly even 120 again. But only in the short run (A weeks time). I think this downtrend may last for somewhere in the 1-3 month range, possibly up to 1/2 year. The bubble was mainly hype, and I am surprised that prices have stayed up and stable for as long as they have been. Unfortunately I think we need to go down to find the base before going up again. Edit: Almost forgot. Longer term I think BTC will rise back and beyond 100 again. I think crossing 30 is mandatory to the capitulation phase. There has been no real capitulation yet. Yeah i'm also thinking 20-30 range, you can tell all the newbs because they still think its going to go up. But there are obvious trends of high selling pressure pulling the market down. |
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I guess everything is back to normal and the price will go up again. It is $101 now. Hopefully it goes back to $130 and above
That is far beyond wishful thinking especially when there is one or multiple manipulators moving the market down. The fibonacci retracements after such dumps are only a ray of light which slowly diminish as the price continues its path lower. |
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Hmm from 70-80k bids to 50k bids in only 9 days, things are certainly looking towards the drop in BTC. Also a 5k wall at $108/110 definitely going to be tough to raise the price.
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Ok, so despite all the moronic newb threads predicting $20 by week's end, or "bitcoin is dead" (care to make the same mistake as Wired?), we have a situation where recently, some major HUGE dumps (we're talking $1 million, $2 million, $10 million) have sent price way down only to bounce back partway, trade sideways, then WHAM another dump. No, not "fundamentals have changed," no, not "all of a sudden adoption STOPPED" not "end game bitcoin." Just "Rich motherfucker dumps coins on our heads, demand isn't sufficient to absorb them." Simple. Get your heads out of your asses people and look around!
So what are some lessons we can learn, instead of making stupid threads (Bitcoin down to $20) (OMG bitcoin is dead, I sux, I lost all my allowance money)
-If you lose money when price goes down (at least, if your trading stash loses value) you are DOIN IT WRONG. With volatility like this, it's child play. Make some money off of the idiots who think Bitcoin is going straight to the moon or crashing straight to $20, with no corrections, in the next week.
-If $10 of price change makes you think bitcoin is going to the moon or crashing to $20, you are DOINITRONG
-If you keep trying to call absolute bottoms and tops and losing money, you are DOINITRONG
-If you waste your time ranting about how bad hoarders/speculators are for bitcoins and how people should just spend their coins, you are DOINIT WRONG. Go make an alt-coin fork called KEYNESIANCOIN (oh wait, already done, called FreiCoin and PPCoin)
-If you are going to make threads crying and whining about how Bitcoin is doomed, what are you even doing here?
This PSA was brought to you by Bitcoin Irrational Bears/Exuberant Bulls and the money I've made off of them. Final message: BTFD. (STFP)
Maybe you can explain this then.... http://www.google.com/trends/explore?q=bitcoin#q=bitcoin&cmpt=q ... More than obviously there has been a change in fundamentals because there are clearly not as many new adopters to BTC. |
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Strong buy here will most definitely turn in to strong losses, the obvious trend is downward. A good model is the 2011 crash. |
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