Butterfly Crash - page 4. | Bitcointalksearch.org

ElectricMucus

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Quote from: molecular on January 08, 2013, 06:31:50 AM

I don't get it: "BIG SCAM HAPPENED ABUSING BITCOIN COMMUNITY!" => "SELL ALL COINS!" just doesn't compute.

It's accumulative. Of course none of bitcoin or it's infrastructure would be affected it doesn't have to.
If anything would have to be learned from previous selloffs it is that it's mainly a publicity issue.

I also would like to point you to my signature, it demonstrates the thought process of not only the general public but also the people who are into bitcoin not because of principles but of profits.

SlaveInDebt

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Quote from: FreeMoney on January 08, 2013, 06:32:32 AM

It'll have about as much impact as an actual butterfly crash.

http://youtu.be/BZpUp4Tl-1s

FreeMoney

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Strength in numbers

It'll have about as much impact as an actual butterfly crash.

molecular

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Quote from: ElectricMucus on January 08, 2013, 03:45:33 AM

Quote from: Kupsi on January 08, 2013, 03:29:24 AM

Quote from: epbaha on January 08, 2013, 02:29:46 AM

Quote from: molecular on January 08, 2013, 02:04:53 AM

Quote from: epbaha on January 08, 2013, 01:57:41 AM

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country? Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

Speculators dumped coins when the Pirate scam was confirmed so it seems plausible this might happen when this scam is confirmed.

Speculators dumped because Pirate had a lot of coins to dump. Butterfly labs don't have the coins.

What do you think will those miners do who still have their coins from back before the big rise and who though they could dominate the game for another 4 years? It's not the speculators you ought to be concerned about.
It's the seemingly strong hand who might get so frustrated that they turn to drastic actions.

I think that's a minority. Others will still want coins (can't mine with non-existing ASIC), so they might resort to buying them.

I still fail to see the connection... bitcoin can continue to use GPU if no asics are delivered.

I don't get it: "BIG SCAM HAPPENED ABUSING BITCOIN COMMUNITY!" => "SELL ALL COINS!" just doesn't compute.

molecular

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Quote from: lucif on January 08, 2013, 02:14:51 AM

Quote from: molecular on January 08, 2013, 02:04:53 AM

Quote from: epbaha on January 08, 2013, 01:57:41 AM

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country? Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

They say BFL owner is criminal in past

So if someone is criminal in past the market crashes?

SlaveInDebt

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Quote from: ?? on ??

The people waiting for BFL's product aren't holding coins. BFL isn't holding coins. Smart miners don't hold coins, they sell immediately to buy more hardware or pay for electricity.

Who's going to dump again? Did someone say "strong hands"? People like me? Funny.

You might have a few speculators who try to take advantage of the news and try their hand at manipulation. I don't think the news would be strong enough to warrant any notable change in the market. BFL isn't the only game in town.

According to the OP, if they deliver we should see massive buying? That makes about as much sense, which is very little.

This thread seems like wishful thinking for someone who is short. Good luck guys.

This guy too. Need a beer? pm.

SlaveInDebt

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Quote from: ElectricMucus on January 08, 2013, 05:09:45 AM

This hasn't anything to do with luck...

Quote from: SlaveInDebt on January 08, 2013, 05:05:01 AM

Quote from: ElectricMucus on January 08, 2013, 04:56:54 AM

Quote from: SlaveInDebt on January 08, 2013, 04:49:09 AM

They will be there but only due to ignorance and fear mongers like you.

Oh wow.

Just trying to catch the yellow Wink

always

Cheers where do I send the beer? pm

ElectricMucus

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This hasn't anything to do with luck... now if you just were to follow the arguments instead of discriminatory dismissing them we could get a real debate going.

Quote from: SlaveInDebt on January 08, 2013, 05:05:01 AM

Quote from: ElectricMucus on January 08, 2013, 04:56:54 AM

Quote from: SlaveInDebt on January 08, 2013, 04:49:09 AM

They will be there but only due to ignorance and fear mongers like you.

Oh wow.

Just trying to catch the yellow Wink

always

SlaveInDebt

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Quote from: ElectricMucus on January 08, 2013, 04:56:54 AM

Quote from: SlaveInDebt on January 08, 2013, 04:49:09 AM

They will be there but only due to ignorance and fear mongers like you.

Oh wow.

Just trying to catch the yellow Wink

ElectricMucus

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Quote from: Kupsi on January 08, 2013, 04:20:33 AM

Quote from: ElectricMucus on January 08, 2013, 03:45:33 AM

What do you think will those miners do who still have their coins from back before the big rise and who though they could dominate the game for another 4 years? It's not the speculators you ought to be concerned about.
It's the seemingly strong hand who might get so frustrated that they turn to drastic actions.

I think they will appreciate their bitcoins even more.

How so? I seriously have problems following that.

Quote from: Kupsi on January 08, 2013, 04:20:33 AM

BFL failing is not the same as Bitcoin failing.

True dat, but what does this have to do with anything?

Quote from: SlaveInDebt on January 08, 2013, 04:49:09 AM

They will be there but only due to ignorance and fear mongers like you.

Oh wow.

SlaveInDebt

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Quote from: lucif on January 08, 2013, 04:26:32 AM

In any case we may see a dump. Either from asic adepts which will try to cover credits, or from GPU miners that will quit biz due to asic success.

Your logic blows, remember the production of btc remains the same regardless all you are looking at it is possible sellers trying to get back a quick ROI. They will be there but only due to ignorance and fear mongers like you.

lucif

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In any case we may see a dump. Either from asic adepts which will try to cover credits, or from GPU miners that will quit biz due to asic success.

Kupsi

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9.9.2012: I predict that single digits... <- FAIL

Quote from: ElectricMucus on January 08, 2013, 03:45:33 AM

Quote from: Kupsi on January 08, 2013, 03:29:24 AM

Quote from: epbaha on January 08, 2013, 02:29:46 AM

Quote from: molecular on January 08, 2013, 02:04:53 AM

Quote from: epbaha on January 08, 2013, 01:57:41 AM

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country? Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

Speculators dumped coins when the Pirate scam was confirmed so it seems plausible this might happen when this scam is confirmed.

Speculators dumped because Pirate had a lot of coins to dump. Butterfly labs don't have the coins.

What do you think will those miners do who still have their coins from back before the big rise and who though they could dominate the game for another 4 years? It's not the speculators you ought to be concerned about.
It's the seemingly strong hand who might get so frustrated that they turn to drastic actions.

I think they will appreciate their bitcoins even more. BFL failing is not the same as Bitcoin failing.

Luno

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If there is no BFL and the other manufactures have more delays, the effect would more likely be that people start cashing out beause difficulty is not rising as fast as expected.

BFl not delivering does not make it a scam. If they default and repay what's left to the investors and preorders, they have only proved themself as bad business men. Maybe the Chinese chip maker has scammed them?

The thing that still not seem right about BFl is the total lack of crowd sharing of their firmware programming effort. If there had been a subforum where people discussed improvements with code snippets, it would have been just as tangible as a working prototype early on.

Avalon openly discuss the intricate part of their firmware efforts and discussing different methods of improving their algorithms.

BFL have not proven they have the brain power to make the butterfly ASIC take off. Sure they had delivered FPGAs, but thats a walk in the park to program especially if you don't care if your firmware is optimised and just focus on shipping something.

lucif

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So we all playing roulette here

I read in midterm TA picture something weird could happen.

ElectricMucus

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Quote from: Kupsi on January 08, 2013, 03:29:24 AM

Quote from: epbaha on January 08, 2013, 02:29:46 AM

Quote from: molecular on January 08, 2013, 02:04:53 AM

Quote from: epbaha on January 08, 2013, 01:57:41 AM

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country? Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

Speculators dumped coins when the Pirate scam was confirmed so it seems plausible this might happen when this scam is confirmed.

Speculators dumped because Pirate had a lot of coins to dump. Butterfly labs don't have the coins.

What do you think will those miners do who still have their coins from back before the big rise and who though they could dominate the game for another 4 years? It's not the speculators you ought to be concerned about.
It's the seemingly strong hand who might get so frustrated that they turn to drastic actions.

ElectricMucus

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I'd expect something similar then when pirate shut down.

Except I think it should be lower in magnitude in terms of the initial crash but have larger repercussions in terms of mid term price development. If the ASIC startups turn out to be a dud there will be large spread disappointment but the acceptance will be much harder to swallow. So I would expect about half a year downtrend. No idea how steep though it depends so much on other factors.

lucif

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Kupsi

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9.9.2012: I predict that single digits... <- FAIL

Quote from: epbaha on January 08, 2013, 02:29:46 AM

Quote from: molecular on January 08, 2013, 02:04:53 AM

Quote from: epbaha on January 08, 2013, 01:57:41 AM

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country? Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

Speculators dumped coins when the Pirate scam was confirmed so it seems plausible this might happen when this scam is confirmed.

Speculators dumped because Pirate had a lot of coins to dump. Butterfly labs don't have the coins.

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Btw, does anyone see any noticeable hashrate growth? I think if anyone would have asic technology in hands, that should have impact on hashrate dramatically.

Topic: Butterfly Crash - page 4. (Read 6879 times)