I have questions, newbie on board :)

[john641]

Hi, as tittle of this topic mentioned Im newbie, but I learned read and explored by myself last weeks on bitcoin, cryptcurrencie and markets and anything related to bitcoins mining, ASIC Miners etc !
However, I really got attracted to start mining or trading, I thought to buy ASIC miner, as seems that GPU miners are out of game, but the delays of shipping from Butterfly Labs make me think twice before any pre-order !
I have been monitoring BTC on markets mainly on mtgox.com using bitcoinity.com, and when I started 2 weeks or so, 1BTC ~ 110$, now 1BTC ~ 70$, my question is:
What affects BTC to go down like this, is this going to happend next weeks, is this as some of peeple got their ASIC miners and mining BTC is more faster, and they sell BTC cheaper and cheaper ?

Thanks in advance !

[1715112088]

1715112088

[gooryheta]

Where is 1BTC ~ 70$ now 

[saif313]

its 127 $ right now on my screen

[marcovaldo]

BTC price is only directed by exchangers that have a high volume like bitstamp for instance. If people are more willing to sell, price will decrease ...

[b!z]

Price is over $100 on gox and bitstamp, what are you talking about, OP?

[elemental]

I'll buy a hundred at $70 

[La VloZ]

See this post about butterflylabs : https://bitcointalk.org/index.php?topic=114329.0

[Bartdude]

1BTC ~ 70$ Maybe a hundred weeks ago 

[cbhelp]

If you buy 100 @ 70, ill buy them all for 85.00.  You male a nice profit.  Holla at me

[AndrewWilliams]

Pricing right now on the major exchanges is :

Bitstamp: $124.22
Mt Gox: $142.10

[roflmao129]

If you buy 100 @ 70, ill buy them all for 85.00.  You male a nice profit.  Holla at me

Ill even pay 90.00!