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Poll
Question: What are you doing now?
Buying - 75 (20.7%)
Selling - 28 (7.7%)
Holding - 131 (36.2%)
Looking for an entry point - 33 (9.1%)
Looking for an exit point - 17 (4.7%)
Waiting for a crash, eating popcorn - 31 (8.6%)
Fuck bitcoins - 11 (3%)
I hate your poll - 36 (9.9%)
Total Voters: 207

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Author Topic: Buy, sell, or hold?  (Read 5157 times)
piramida
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February 01, 2013, 04:36:24 AM
 #61

ASICs wont come in all at once. There will be no crash. Even if they did came out at once, the two-time increase in mining (to ~7000 coins per day) until the difficulty adjusted would be completely dominated by the current demand for coins (daily buy volume at gox - 100k btc which is like 15 times higher than everything miners could sell).

So sorry, no ASIC-induced crash. Crash still possible, but for different reasons.

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notme
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February 01, 2013, 07:53:03 AM
 #62

ASICs wont come in all at once. There will be no crash. Even if they did came out at once, the two-time increase in mining (to ~7000 coins per day) until the difficulty adjusted would be completely dominated by the current demand for coins (daily buy volume at gox - 100k btc which is like 15 times higher than everything miners could sell).

So sorry, no ASIC-induced crash. Crash still possible, but for different reasons.

Besides, the miners will just buy more ASICs, which only take bitcoins anyway (at least the only one seen in the wild).

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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molecular
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February 01, 2013, 07:58:33 AM
 #63

Opposing wievs is what get a story going in the media, which will give even wider press coverage, but how will the market react? As Bitcoin didn't manage to crash it self this time, some politician will be strongly compelled to word some concern!

When statists are voicing concern, you know you're on the right track.

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evolve
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February 02, 2013, 08:36:26 AM
 #64

Bumping for price drop... Wink
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February 02, 2013, 08:42:01 AM
 #65

The price has dropped near my new entry point. Setting a low buy offer and hoping to buy in and sell back out tomorrow before the rest of the crash hits.
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