Bitcoin bubble to occur late August/early September

[freedomno1]

Are you expecting a surge in Asicminer share prices ?

Just having fun causing a little mischief although if Asicminer can back up the hashrate claim they said then yes expecting a massive surge and those miners to start coming online soon.

25 BTC a Block AM produces its own chips and miners and expects to hit its 2013 Average Hashrate with the BE200s
Somewhere between 0.0069% On December 31st 2013 and 32.93% on June 5 2013 is 16.46845%
I would be happy with 5% over a year on average lol.
Quite the bullish claim from them so if they can back that up were in for something else.

If not Friedcat dug a hole and I buried my shovel deep ^_^ (And people can lol at me for ages XD)
But one can find far worse bets than this lol. Will Mtgox ever find its lost bitcoins will neobee ever come back will labcoin and activeminers get their revenge lol.

Update

1. Due to the relatively lower interest from individual miners as well as OEM producers, the self mining has re-started from middle of July. We had gain access of cheap electricity and high power capacity. We hope to regain the average hashrate percentage similar to 2013 with this generation of chips.

2. The price rockminer gets is not the sales price. It's the premium of franchising. We gain the part of profits after the devices begin to generate revenue like the franchising of devices. The sales price of chips stay a relatively high margin because our option of building our own devices and sell/deploy is always wide open.

3. We announce the sales of our own devices. We would arrange an offline meeting in Shenzhen first to share more information. We will post the English version of it on the meetup sub-board.

2013 Percentage of network
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=9

At peak around 0.1 BTC/Month
Not expecting that but if it can get somewhere close the share value would go up a fair bit just because of that yield
https://docs.google.com/spreadsheet/ccc?key=0AkPdXsQFT-vIdHRVUjQ5Ql9BQWR6OENLMkhyUktUblE#gid=12

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[btchaste]

I'm new here and I don't understand if bitcoin will rise or if it will fall to 0$ in the next months, there are so many different points of view!

[cinnamon_carter]

just like that , ok will do, thanks

[minerpumpkin]

I'm new here and I don't understand if bitcoin will rise or if it will fall to 0$ in the next months, there are so many different points of view!

I guess only really few people do honestly believe that Bitcoin will go to $0 or even single digits anytime soon or even ever again. Please do take a look at the chart of the last years and imagine you were around back then. Just think about what I feared would happen to Bitcoin in July 2013, it was down to $60-$70. Many people though it would be the end of it. Now we're up 1000%...

But no one knows for sure, that's right. And we may go to $0. Please make up your own mind

[AnonymousEconomist]

So far, so good with my prediction. Btc is at it's lowest in a long time, here on the second week of august. I expect more drop as the week progresses, but who knows

[Hyena]

So far, so good with my prediction. Btc is at it's lowest in a long time, here on the second week of august. I expect more drop as the week progresses, but who knows

Good to see this topic revived. Interesting times ahead.

[DjPxH]

So far, so good with my prediction. Btc is at it's lowest in a long time, here on the second week of august. I expect more drop as the week progresses, but who knows

Yeah since late March. That's 4.5 months. Bitcoin is still up about 600% from its price this time last year. I wouldn't exactly call this a bad performance... Geez, you guys need to get your facts straight here!

[BitCoinNutJob]

When the trend reverses you have to spot it quick, buy and hold is your best option

[Kipsy89]

When the trend reverses you have to spot it quick, buy and hold is your best option

Yeah, man. But that can be very very difficult. If it wasn't that difficult, a lot more people would try and do it, I guess All those trading experts use those MACD magic indicators and stuff. I'll never get them, man!

[tinof]

TA looks very weak at this price. It doesn't take much to trigger a massive sell off.

[Kipsy89]

TA looks very weak at this price. It doesn't take much to trigger a massive sell off.

But what about those massive bids up to $540??? They'll catch everything, man! We won't be able to go through those bids, I'm sure! At least I hope we won't! Man, these are stressful times!

[HarmonLi]

Yeah, I don't know what to do, as well. This seems to be troubling. No bubble, only despair. Maybe we should just leave this ship altogether. This ain't like the good old 80s at all!

[ticoti]

I think that won't happens in August
maybe late September early October

[dyland]

So far, so good with my prediction. Btc is at it's lowest in a long time, here on the second week of august. I expect more drop as the week progresses, but who knows

any point to selling now? Or do you think this is as low as it goes?

[HarmonLi]

So far, so good with my prediction. Btc is at it's lowest in a long time, here on the second week of august. I expect more drop as the week progresses, but who knows

any point to selling now? Or do you think this is as low as it goes?

We could go a lot lower, that's for sure. If we start to go into the $520s we'll see a cascading long-burn that'll most likely crash Bitfinex, and they'll have to roll-back the trades.

[dyland]

So far, so good with my prediction. Btc is at it's lowest in a long time, here on the second week of august. I expect more drop as the week progresses, but who knows

any point to selling now? Or do you think this is as low as it goes?

We could go a lot lower, that's for sure. If we start to go into the $520s we'll see a cascading long-burn that'll most likely crash Bitfinex, and they'll have to roll-back the trades.

OK, I'm shorting for now, while watching the price like a hawk.

Buy back in hopefully <550

[HarmonLi]

So far, so good with my prediction. Btc is at it's lowest in a long time, here on the second week of august. I expect more drop as the week progresses, but who knows

any point to selling now? Or do you think this is as low as it goes?

We could go a lot lower, that's for sure. If we start to go into the $520s we'll see a cascading long-burn that'll most likely crash Bitfinex, and they'll have to roll-back the trades.

OK, I'm shorting for now, while watching the price like a hawk.

Buy back in hopefully <550

Remember to make up your own mind, though! I may be totally wrong here, like everyone else, too! But we're in quite a difficult situation right now, I guess, that's for certain.

[dyland]

So far, so good with my prediction. Btc is at it's lowest in a long time, here on the second week of august. I expect more drop as the week progresses, but who knows

any point to selling now? Or do you think this is as low as it goes?

We could go a lot lower, that's for sure. If we start to go into the $520s we'll see a cascading long-burn that'll most likely crash Bitfinex, and they'll have to roll-back the trades.

OK, I'm shorting for now, while watching the price like a hawk.

Buy back in hopefully <550

I do, I do.

Could be wrong indeed, but my sense is we will go a bit lower. I will have to buy back in at a loss if I'm wrong, of course, but we will see!

Remember to make up your own mind, though! I may be totally wrong here, like everyone else, too! But we're in quite a difficult situation right now, I guess, that's for certain.

[spazzdla]

Very interesting how true this is holding...  I might just do this.

[hellscabane]

Source?

No source. This is all you get. But it's enough!

 

Maybe this guy has his own autistic friend...