Topic: Is this another bubble? (Read 2557 times)

Let me help you understand what china is doing. You greatly underestimate these people sir. just because they are 3 feet tall does not have any impact on their greed and unethical business practices.

The chinese have a lot of manufacturing plants making the bitcoin miners specifically the dragon miners. once the machine is produced they "rigorously test" the machine. DEFINE Rigorously Test - Hook the miner up to Discuss Fish and let it mine until it sells. Once they get an order the miners are then rotated, no miner is sold without a minimum of 3 months testing. Now they also have re-sellers in China who buy them in bulk from www.lketc.com so they get them dirt cheap. They then go thru another phase of "rigorously testing in the re-sellers warehouses. Again the machine must be tested on discuss fish pool and 3 moths of testing before its sold. By this time fans are burnt our PSU need replaced so when we buy them they get a fresh ATX PSU and lower quality replacement fans. This is so the machine overheats and needs replaced withing another 6 to 12 months of you mining with it.

If you investigate all the Alibaba and aliexpress companies listed there you will notice something very funny, they are all one in the same, they have salesmen but the back end of the companies themselves are one and the same.

Now lest get into farther unethical business practices of these guys. You will notice on the website if you compare the prices listed in the chinese setting they are much cheaper than if you click english. So if you go right now you will see in the chinese version of www.lketc.com the price of a 1THS dragon miner is ￥3299 ($538.34 USD) this price includes shipping. However if they order 20 to 49 machines their price is only ￥3199 ($522.02 USD) each, if they order 50 or more the price is ￥3099 ($509.70 USD) each

NOW heres the catch these prices are for chinese buyers only, if you are outside of china you MUST use the english site by clicking english at the top right corner of the page. Lets check the prices now. The same 1THS dragon miner, the price also includes shipping but WOW look at that if you are not chinese you must now pay $684.04 for the same mine rthe chinese get for $538.34 Very unethical if you ask me not only are they selling you Used machines that have already made an ROI on the production but they also charge you an extra $145.70 because you are not Chinese. I live in the philippines and even i am not allowed to buy from their chinese site not even if I had the Yuan to pay them they told me I MUST buy fromt the english site only the chinese site is available to Chinese re-sellers and businesses only.

The chinese have been holding and selling so many bitcoins for trhe past 2 years they have more of an ability than you believe to move this market, one of their smaller bitcoin manufacturers makes 280,000 USD a month in profit after their 70,000 USD electric bill. so they have the cash to move this market up and the coins to crash it down to 50 USD a coin trust and believe.

EDIT: in addition, for a country whose government bans/dislikes,/disproves the use of bitcoins they sure are making a but load of money from this industry dont you think?

Oh boy, stupid weak-hands selling. I really do hope somebody hacks the shit out of 2 exchanges and steals every single coin in hot wallets. That should be a lesson for all to:

1. not use a centralized system
2. long-term hold.

Yep! looks like it.

Unlikely, this bubble already completely deflated in little over a day. Gradual decline towards 200-300 is setting in now. Very very bad indicators, we may even see lower than that before the end of the year...

Correct. I mean lets be honest here, whats more likely, more upwards or sideways trading around 400? or retesting 300??

$398 now.  heres another last chance of the last chance that you talk about

too bad i smell 300s already  haha

Why do people make fools of themselves like this?
How come everyone  on this forum can tell the future??

Very true.

Yes this is another bubble
But I believe it won't hit $ 1000

prove me wrong

That would be true if Bitcoin was a physical object affected by gravity. But it is not.

We may have seen the last chance to buy in the 300s (like we haven't seen 100s since last year).

I'm not sure the ride of our life is going to happen but I'm sure what goes up most come down eventually. Hope to see it keep rising up before it comes down a bit, though  .

If you think because it has declined from $450 that that was the bubble, then you haven't been around for many bubbles.

Best thing to do is strap yourself in and be prepared for the ride of your life.

IMO this is the "pre-bubble" taster, just enough to pique some interest again, get it on people's radar, so they are looking out for it. True liftoff is probably happening in a fortnight or so.

In a few days it will reach 600$ and settle over there

Bubbles are awesome and amazing.
They get talked about, on here, like they're herpes.

If anyone has a bubble aversion, I'll buy your coins at a pre-bubble rate.
On buy now.  $340 each.

just the beginning, BitCoin and Litecoin will explode. Some people with a lot of money are buying. 500 $ easy by xmas

Posted From bitcointalk.org Android App

You can say that it can be another bubble as bitcoin is behaving like it.

because people buy BTC

Yes, this is another bubble. This bubble is caused by the government of Gambia, Bitcoin will touch the $40,000 mark before the end of the year.

We all will get very very rich  Keep holding!!!