I personally doubt that after fall to 100-200$ bitcoin will rise again.
Just scare to think about all those people who newly bought all those gridseeds, dragons with THs of power, thinking they will get money back.
But now, difficulty is still rising, and value is falling. This hardware will never ever get your money back.
Is htere any other purpose for SHA256 ASICs? Can you hack protected files with it?
Just scare to think about all those people who newly bought all those gridseeds, dragons with THs of power, thinking they will get money back.
But now, difficulty is still rising, and value is falling. This hardware will never ever get your money back.
Is htere any other purpose for SHA256 ASICs? Can you hack protected files with it?
Where do people get this retarded idea from that "Bitcoin is dead if it falls below price x".
Oh yeah, I know: from the same jumping-to-conclusions part of the brain that tells them "we never fell below the previous ATH, so it can't happen this time either"...
1) Consensus is that bitcoin will increase in value by an order of magnitude every year, until the end of time.
2) (More seriously) I see this as a dotcom crash scenario. Yes, the crash in price will convince a lot of miners and other companies to rethink (i.e. exit and try something easier). But few serious businesses expect to make money in the first year. The ones that will survive and provide value will have thought of this and realised that this is a long-term (meaning longer than 3 months) game. The fall just cleans up the landscape faster than otherwise would have happened.
And I start thinking 2014 will be the year in which the market tests the resolve of those who hold that belief.
Agreed on the rest, btw.
