In before the price falls below $10.
The people who own 1000s of bitcoin are soon going to realize they have a dead investment until next spring/summer. The block reward halving in reality will mean miners are GOING to sell more btc to cover costs for new asics and slight amount of elect cost because price is not going to rise to match the halving. Before you could horde quite a few coins due to stuff being paid off but now they have sunk costs to recover, a falling btc price as we go into winter, and less reward in btc.
I will be thrilled to get more then 10 usd per btc come dec.
Maybe. But what makes no sense is buying more mining hardware when the price goes down. You will get allomost nothing from a 4.5GHs thingy when the difficulty is in the millions, it will be like one fucking amd5870 today. Last year, hmmm.
that is the main reason i have not bought a single asic yet. too many unknown variables to make a good decision.
i did a preorder of a avalon though but have not paid. i am waiting to see if btc price crashes down to something decent before
paying the 114 btc i owe on it. it is looking like i will just not get it and wait until spring to see if the numbers add up to make it
viable like gpu was last year.
people are counting on being an early adopter in this asic race. it is the only way to make a killing.
otherwise you are right. come summer these asic jallys will be the equivalent of a 5830-50. Nothing to be
thrilled about owning except low cost in elect. you will need 7+ of them to make a .5 btc per day.
