The beautiful thing is that BTC gets stronger when the price goes down after a high since it becomes less profitible to create large mining operations and that works toward better distribution of hashing. I'm glad that the technical foundations of bitcoin are still undefeated and that sends a good message for long term growth. I always felt that a price above 600 is short term anyway. I think we all got carried away by our visions of riches. My precious...
This. A very sensible outlook. I'm relaying to myself, we have only had one block halving as yet. Even if these big players keep mining while the price continues to plummet, don't you think the first manufacturers out the traps with a rig upwards of 10TH+ aren't going to be able to sell them? As i've previously pointed out, 20nm is just a stepping stone to 16nm, and the h/w manufacturers who decided to go with this intermediate tech will be the losers.
Bitcoin is an enthusiasts game, not a trader's business. Traders and mass farms will leave us because of their early greed and the network will again become spread. chill the beans, get your refund, take a holiday and comeback later - or if you must continue hashing, get something a bit more viable.
Even piggyback mining is now cheaper; price-for-price, than a KnC Neptune - I think it's been already pointed out.
(won't happen, but i like to dream)
