Oh wow, I guess I either didn't see this post at the time or didn't really care.
IMO Proof of Work can never keep up with the drop in demand over a long period because it works against the system, possibly the critical flaw in Proof of Work overlooked by Satoshi.
The OP posted on August 22nd and everything he has said has been spot on so far, could have even made a small amount selling just after the time he posted the thread. Also looking at the orderbooks, there is a lot of bot activity setting up buy and sell walls.
And then the long term chart until today.
Man Am I stupid, just bought another BTC's worth.
Possibly, that BTC you bought for $270 is now worth $210 but with XMR also losing around 10-15% of value that means total loss of about 33%
I took the liberty of pulling up AsicCoin of what it could possibly look like long term and circled on the chart in relation to where I think you bought.
This will be interesting to see how things come along in a few months or so, should see some popcorn posts yet.
