Miners look at btc return, not usd. Or at least they would if they were in it long term.
Not 100% correct, you can buy ASIC with USD.....
Topic: The 2nd Pull Back, $100 drop in 24 hrs (Read 1579 times)
Not 100% correct, you can buy ASIC with USD.....
It will all be fine in the long run - unless you want to day trade, just sit tight for the long term gain.
It is climbing back up now. I wished I wake up a few hours earlier. I would have buy some bitcoin.
$100 is just a minor correct, buy buy buy.....
You guys think it will drop any further? I'm thinking of buying some bitcoins.
China seems to have been the strongest buyer of bitcoin lately. I would wait a few hours and see if their demand picks back up on btcchina.
If that does not happen, then yes I would wait for it to drop to the $100-$200 range.
As a precaution I have sold 1/3 of the btc i hold because anything ~300 or above is a decent profit for myself and unfortunately I may have to move to San Francisco...so I need fiat.
You guys think it will drop any further? I'm thinking of buying some bitcoins.
Sell sell 
Miners look at btc return, not usd. Or at least they would if they were in it long term.
We are now in the midst of a 2nd major pull back and like with all major pullbacks in history, they happen in a lot short space of time compared to the climbs, so we have a mini burst but I think
prices will be supported at $250.
Obviously this is terrible news for miners who are throwing a lot of money into these rigs which are already looking at a net loss when I worked out the price at $310.
I can see a lot of cancellatios inc if the prices continues to fall.
prices will be supported at $250.
Obviously this is terrible news for miners who are throwing a lot of money into these rigs which are already looking at a net loss when I worked out the price at $310.
I can see a lot of cancellatios inc if the prices continues to fall.
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