This is just a market correction. The price rose so quickly that it needs to recorrect itself. However, I think the days of sub $1,000 Bitcoins are long gone. I think the lowest we may see in the future is $1500. So if you see Bitcoin below $1000, I would definitely scoop up as many as you possibly can.

Yes you do. It does not matter if they are registered. Every company needs to make sure that every business partner can be identified. To do that, they need to dox every customer. If said customers are i.e. using an offshore company, they can be sued by the IRS or every other national group for the support of money laundering, tax evasion or similar.

The fact that they are a registered business also means, that the IRS is regularly checking not only the book, but also contracts between customers and Giga.  Mining in the USA is classified as a business as soon as you are doing it for profit and in a long term mater (the time frame does not really mater that much, but as long as you do it for profit you operate a business and you can't deny you do it for profit). Hence every customer needs to register their business activity with the authorities. You don't do it, Tax Fraud/Tax evasion. And therefore Giga is supporting it, resulting in possible law suits. 

If they accept foreign nationals, its even more difficult and easy to fall into some tax problems....




Its one thing to have a miner in your garage, but a whole other thing if you run a business or in that case need a datacenter where your mining is on record for IRS.  And it does not mater, where you live. EVERY COUNTRY got this rule of operating a business.


So the second you place your miner in another country you need to check if the placing of hardware alone is enough to classify as a permeant place of production....




And like it or not, they have no clue about any of these issues. Collecting money is one thing, making sure you are able to stay belly up another. This might have all been easy for them when they were operating only personal miners, now that they offer it to others, the legal base is a lot different....

Didn't you realize a long time ago he is quoting his sock and communicating with-him self

BTC total Market Cap

11th june 2017 $47 000 000 000 ---> 11th july 2017 $38 000 000 000.  $9 000 000 000 lost in 1 month.

11th july 2016 BTC total market cap $10 000 000 000

It does not hurt to speculate in various ways and to consider different kinds of frameworks...  However, if you get too loosey goosey with your logic and your framework, then you are talking gibberish or placing way too much importance into factors that have little to no value.

Sometimes the framework that you chose to describe something, such as bitcoin, or you try to communicate how it has changed, there is some meaning to your assertion that the whole dollar value market cap change is equal to the whole market cap of a year ago, but then you need more than just that one fact to come to any kind of meaningful conclusion regarding whether you are asserting the asset to be overvalued or some other argument that you want to make about it.

Agreed, marketcap numbers are skewed and not a complete picture.

The things to focus on are: estimated market float vs. "circulating supply", total supply cap, relative distribution, and %up or down. You also have to account for what is most subjectively "valued" relative to bitcoin (i.e., bitcoin is more valued than an alt, which is more valued than an ICO token).

Like you said.. about 470% gained in a year and about 18% lost in a month.  There is nothing new when we consider that bitcoin and other cryptos experience ups and downs in their prices (and accordingly their market caps), right?

More conspiracy theory.  Its all healthy free market when we go up 1000% but when we correct it's "manipulation"... These kind of claims have been made since Roman times and earlier.

These markets are thinly traded and when enough people want to sell at once the bids can go down fast.  The total market cap is not an indication of how much money people could get if everyone tried to cash out. More like a game of musical chairs.  You'd be lucky to get $20B of the $80B if everyone wanted out.  Same thing goes for global equity and commodity markets.  They are very demand dependent.

Why you ignore charts?
https://bitinfocharts.com/comparison/price_in_btc-ltc.html
https://bitinfocharts.com/comparison/litecoin-transactions.html
https://bitinfocharts.com/comparison/transactions-btc-ltc.html
Litecoin have zero progress for 5 years.

I had not thought of that but I think you're right,maybe it would only be useful in case something went wrong,but I do not think that happens like this,developers have had plenty of time to develop all possible scenarios about hardfork and blocksize,so despite the disagreements between the community and the long time elapsed before a solution was proposed and accepted by most,that will be reflected in a few weeks from now.

That of what  LTC is even faster with cheaper transaction price than Bitcoin does not imply that LTC  is better than BTC does,because the number of transactions of BTC it is much bigger than LTC,you could only compare if they had the same transaction load but it's not like that actually,maybe the activation of segwit
on it could be compared to putting on a life jacket in a place where there is no water,I think they should rather focus on making their network more usable and accepted than anything else.