Topic: Do you think btc prices go up or down with ASICS? (Read 529 times)
I think it will affect so much to the prices, but much more to the difficult. In future the problem will be for the graphic card miners, will earn 0.
I think that they will cause BTC prices to remain stable, because the same amount of BTC are being released as previously and while they will be harder to get, it will cost less to run an Asic vs. a GPU rig. I think everyone with a GPU rig now will then start switching over to LTC, which will cause the LTC difficulty to rise. However, since Asics can't be made for LTC, people will build large LTC rigs in order to make a profit.
I would think that the ASICs frenzy support the BTC value till mid-july over $100, until avalon chips will deliver hundreds of TH/s to the network, then it may go down (many ASICs will want to cash out regularly I guess) around $5~10.
I'm still bullish on the long run, I'd say it will go up again at the end of the year (probably back to $100) when another fiscal haircut happens (spain/italy) in Europe.
What do you think?
I'm still bullish on the long run, I'd say it will go up again at the end of the year (probably back to $100) when another fiscal haircut happens (spain/italy) in Europe.
What do you think?
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