ranlo
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May 19, 2014, 07:22:09 AM |
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Those were exactly who I had in mind when I made that statement. I'm sure other companies do it as well, though, and just aren't as transparent (or, rather, haven't gotten caught). I mean think about it. You have an ASIC that can earn you 2 BTC a day right now (or $900). Are you really going to sell it for just $2k and ship it right now? No. You'll delay it until it's no longer as profitable and then ship it. Otherwise you're throwing away money, and nobody is the wiser anyways because it's become the norm to delay over and over. |
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bryant.coleman
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May 19, 2014, 07:33:00 AM |
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Those were exactly who I had in mind when I made that statement. I'm sure other companies do it as well, though, and just aren't as transparent (or, rather, haven't gotten caught). I mean think about it. You have an ASIC that can earn you 2 BTC a day right now (or $900). Are you really going to sell it for just $2k and ship it right now? No. You'll delay it until it's no longer as profitable and then ship it. Otherwise you're throwing away money, and nobody is the wiser anyways because it's become the norm to delay over and over.
These people must have made millions of USD by mining on their customers ASICs. Avalon claims to have sold mining equipment worth over 9,000 TH/s. Even if we imagine 6 months of mining, they must have got at least BTC90,000. That is equal to $40,500,000 at current exchange rates. |
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ranlo
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Activity: 1974
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May 19, 2014, 07:37:31 AM |
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Those were exactly who I had in mind when I made that statement. I'm sure other companies do it as well, though, and just aren't as transparent (or, rather, haven't gotten caught). I mean think about it. You have an ASIC that can earn you 2 BTC a day right now (or $900). Are you really going to sell it for just $2k and ship it right now? No. You'll delay it until it's no longer as profitable and then ship it. Otherwise you're throwing away money, and nobody is the wiser anyways because it's become the norm to delay over and over.
These people must have made millions of USD by mining on their customers ASICs. Avalon claims to have sold mining equipment worth over 9,000 TH/s. Even if we imagine 6 months of mining, they must have got at least BTC90,000. That is equal to $40,500,000 at current exchange rates. Plus when you're done mining, you still get 100% of the money you were supposed to get anyways (which puts you in the profit as it is) since you let the hardware go and just claim there was a delay. The buyers then end up with hardware that won't ROI and the company gets all the BTC they mined PLUS they get more money than the hardware is worth. |
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LeChatNoir
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May 19, 2014, 08:07:42 AM |
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Those were exactly who I had in mind when I made that statement. I'm sure other companies do it as well, though, and just aren't as transparent (or, rather, haven't gotten caught). I mean think about it. You have an ASIC that can earn you 2 BTC a day right now (or $900). Are you really going to sell it for just $2k and ship it right now? No. You'll delay it until it's no longer as profitable and then ship it. Otherwise you're throwing away money, and nobody is the wiser anyways because it's become the norm to delay over and over.
These people must have made millions of USD by mining on their customers ASICs. Avalon claims to have sold mining equipment worth over 9,000 TH/s. Even if we imagine 6 months of mining, they must have got at least BTC90,000. That is equal to $40,500,000 at current exchange rates. Plus when you're done mining, you still get 100% of the money you were supposed to get anyways (which puts you in the profit as it is) since you let the hardware go and just claim there was a delay. The buyers then end up with hardware that won't ROI and the company gets all the BTC they mined PLUS they get more money than the hardware is worth. That is the "great" and "fair" distribution model on which bitcoin is based and that gives the poor people the possibility to get their hands on bitcoin without having to enrich some greedy early adopter. What a joke! NXT is the future! |
Coinpanion.io - Copy Successful Crypto Traders
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Ginos
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May 19, 2014, 08:16:44 AM |
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what amount do you think 1bitcoin will be after 5 years ,?
5000$ or 50 $ ?
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hensi
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TheSlimShady
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May 19, 2014, 09:32:20 AM |
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what amount do you think 1bitcoin will be after 5 years ,?
5000$ or 50 $ ?
it will be above $2000 |
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ranlo
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Merit: 1007
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May 19, 2014, 05:21:33 PM |
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what amount do you think 1bitcoin will be after 5 years ,?
5000$ or 50 $ ?
it will be above $2000 5 years? I'd say well above 2k. Inflation itself will have gone up 10% or so (in USD), possibly more. Add on all the services that are set to launch JUST this year and it's easy to see the value climbing up high. |
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Crindon
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May 19, 2014, 05:33:02 PM |
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With the huge investors rushing in, when will the prices rise again? I am really disliking the current state of stagnating prices across the boards. Anyone else?
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Crindon
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May 19, 2014, 05:34:06 PM |
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what amount do you think 1bitcoin will be after 5 years ,?
5000$ or 50 $ ?
5 years is a long time for Bitcoin and the cryptoworld. I am really hoping for $10,000 to $40,000. It would be great to be something like $50,000, a nice even number like that. |
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hensi
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TheSlimShady
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May 19, 2014, 05:37:55 PM |
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what amount do you think 1bitcoin will be after 5 years ,?
5000$ or 50 $ ?
it will be above $2000 5 years? I'd say well above 2k. Inflation itself will have gone up 10% or so (in USD), possibly more. Add on all the services that are set to launch JUST this year and it's easy to see the value climbing up high. Well even if new btc accepting services come up, i dont think that even after 10% inflation the btc will rise above 3000 in 5years |
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ranlo
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Activity: 1974
Merit: 1007
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May 19, 2014, 05:40:05 PM |
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what amount do you think 1bitcoin will be after 5 years ,?
5000$ or 50 $ ?
it will be above $2000 5 years? I'd say well above 2k. Inflation itself will have gone up 10% or so (in USD), possibly more. Add on all the services that are set to launch JUST this year and it's easy to see the value climbing up high. Well even if new btc accepting services come up, i dont think that even after 10% inflation the btc will rise above 3000 in 5years More money is flowing in to the system. In 3 years, the generation rate of BTC will halve. Both of these together should increase the price as well. |
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Crindon
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May 19, 2014, 05:42:06 PM |
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what amount do you think 1bitcoin will be after 5 years ,?
5000$ or 50 $ ?
it will be above $2000 5 years? I'd say well above 2k. Inflation itself will have gone up 10% or so (in USD), possibly more. Add on all the services that are set to launch JUST this year and it's easy to see the value climbing up high. Well even if new btc accepting services come up, i dont think that even after 10% inflation the btc will rise above 3000 in 5years The climate is unstable and people are losing trust in fiat. You never know what could happen. Even a run up to $3,000 would make me kinda happy, not entirely though. |
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hensi
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Merit: 10
TheSlimShady
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May 20, 2014, 04:51:40 AM |
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what amount do you think 1bitcoin will be after 5 years ,?
5000$ or 50 $ ?
it will be above $2000 5 years? I'd say well above 2k. Inflation itself will have gone up 10% or so (in USD), possibly more. Add on all the services that are set to launch JUST this year and it's easy to see the value climbing up high. Well even if new btc accepting services come up, i dont think that even after 10% inflation the btc will rise above 3000 in 5years The climate is unstable and people are losing trust in fiat. You never know what could happen. Even a run up to $3,000 would make me kinda happy, not entirely though. Well, I dont think anyone is loosing trust in fiat. My government is changing and so will its policies, and today my currency is on 11month high, certainly i havnt lost the trust on fiat. |
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ranlo
Legendary
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Activity: 1974
Merit: 1007
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May 20, 2014, 04:55:38 AM |
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what amount do you think 1bitcoin will be after 5 years ,?
5000$ or 50 $ ?
it will be above $2000 5 years? I'd say well above 2k. Inflation itself will have gone up 10% or so (in USD), possibly more. Add on all the services that are set to launch JUST this year and it's easy to see the value climbing up high. Well even if new btc accepting services come up, i dont think that even after 10% inflation the btc will rise above 3000 in 5years The climate is unstable and people are losing trust in fiat. You never know what could happen. Even a run up to $3,000 would make me kinda happy, not entirely though. Well, I dont think anyone is loosing trust in fiat. My government is changing and so will its policies, and today my currency is on 11month high, certainly i havnt lost the trust on fiat. Yeah, I think the idea that people are losing trust in fiat is a huge overstatement. We use fiat for pretty much everything. Unless there was a massive change in cryptos that made them mainstream, fiat will still rule. |
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RockHound (OP)
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May 20, 2014, 05:11:32 AM |
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With the huge investors rushing in, when will the prices rise again? I am really disliking the current state of stagnating prices across the boards. Anyone else?
Indications moving north this morning  hopefully will continue! Agree with your previous posts $800,000,000 would be a decent position in Bitcoin. At current market that's 1,751,000BTC ....... most agreeable  If Bitcoin reached $2000, Li Ka-shing will hold $3,502,000,000 value |
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