Topic: Will asicminer price ever drop again? (Read 2554 times)
Well guessing the miners believe in bitcoin or difficulty should start plummeting soon too
Bitcoin is deflationary, and so are securities in businesses that deal in bitcoin. Remember, there are only 21 million of these things that are going to be created ever. The price can't go up infinitely, in terms of Bitcoin. And at a certain point it will become saturated and the price MUST come down. This is true even, and especially as more people adopt it. This is not the case with fiat securities, so people need to keep this in mind. Even if the business is thriving, the price WILL come down in the long term as long as it is priced in Bitcoin.
So as demand goes up, and supply goes down, the price plummets? Sorry, which universe are we talking about here?
The one where a finite number of coins exists but demand is infinite. If 21 million people wanted to buy a share of AM, do you really think the price could stay 2.5 bitcoins per share? That would require more than the total number of coins ever produced! That is an extreme example, but it doesn't have to be extreme to see this effect. In 5 years, it is very possible that bitcoin will be valued at $500 or more per coin. As deflation happens in the currency itself, it will happen to securities as well. It is therefore foolish to think bitcoin securities can increase in value the way those backed by fiat can.
Bitcoin is deflationary, and so are securities in businesses that deal in bitcoin. Remember, there are only 21 million of these things that are going to be created ever. The price can't go up infinitely, in terms of Bitcoin. And at a certain point it will become saturated and the price MUST come down. This is true even, and especially as more people adopt it. This is not the case with fiat securities, so people need to keep this in mind. Even if the business is thriving, the price WILL come down in the long term as long as it is priced in Bitcoin.
So as demand goes up, and supply goes down, the price plummets? Sorry, which universe are we talking about here?
Bitcoin is deflationary, and so are securities in businesses that deal in bitcoin. Remember, there are only 21 million of these things that are going to be created ever. The price can't go up infinitely, in terms of Bitcoin. And at a certain point it will become saturated and the price MUST come down. This is true even, and especially as more people adopt it. This is not the case with fiat securities, so people need to keep this in mind. Even if the business is thriving, the price WILL come down in the long term as long as it is priced in Bitcoin.
In next few weeks of diff increases, you'd be an idiot to pay 50BTC for 13GH/s... there are idiots in the world, and there are over-enthusiastic speculators in this community, but a week or two after that it will be apparent even to those who aren't good at math.
At that point, he'll either lower the price or not sell anymore.. its that simple.
At that point, he'll either lower the price or not sell anymore.. its that simple.
50BTC for 13GH/S will make your money back in less than a year, and then about 20% on top of that. 20% annual ROI is a very good investment IMO. Too many spoiled brats here who are used to the older days of mining when the rewards were much greater. The correction has happened -- welcome to reality..
not if btc drops in price... apparently everyone is leaving that out of their calculations
thats pure speculation, how many times has it come back down to this level, and then back up? Its funny how many people dont realize they are riding a rollercoaster
As long as everyone realizes investing in ASICminer shares is actually buying a percentage of the entire network hash rate, they'll realize ASICminer shares are actually cheap right now. This will put a floor on ASICminer share price.
Yes, it can drop due to speculation. But not much.
Yes, it can drop due to speculation. But not much.
In next few weeks of diff increases, you'd be an idiot to pay 50BTC for 13GH/s... there are idiots in the world, and there are over-enthusiastic speculators in this community, but a week or two after that it will be apparent even to those who aren't good at math.
At that point, he'll either lower the price or not sell anymore.. its that simple.
At that point, he'll either lower the price or not sell anymore.. its that simple.
50BTC for 13GH/S will make your money back in less than a year, and then about 20% on top of that. 20% annual ROI is a very good investment IMO. Too many spoiled brats here who are used to the older days of mining when the rewards were much greater. The correction has happened -- welcome to reality..
not if btc drops in price... apparently everyone is leaving that out of their calculations
Volatility is part of any normal calculation when measuring bitcoin
In next few weeks of diff increases, you'd be an idiot to pay 50BTC for 13GH/s... there are idiots in the world, and there are over-enthusiastic speculators in this community, but a week or two after that it will be apparent even to those who aren't good at math.
At that point, he'll either lower the price or not sell anymore.. its that simple.
At that point, he'll either lower the price or not sell anymore.. its that simple.
50BTC for 13GH/S will make your money back in less than a year, and then about 20% on top of that. 20% annual ROI is a very good investment IMO. Too many spoiled brats here who are used to the older days of mining when the rewards were much greater. The correction has happened -- welcome to reality..
not if btc drops in price... apparently everyone is leaving that out of their calculations
In next few weeks of diff increases, you'd be an idiot to pay 50BTC for 13GH/s... there are idiots in the world, and there are over-enthusiastic speculators in this community, but a week or two after that it will be apparent even to those who aren't good at math.
At that point, he'll either lower the price or not sell anymore.. its that simple.
At that point, he'll either lower the price or not sell anymore.. its that simple.
50BTC for 13GH/S will make your money back in less than a year, and then about 20% on top of that. 20% annual ROI is a very good investment IMO. Too many spoiled brats here who are used to the older days of mining when the rewards were much greater. The correction has happened -- welcome to reality..
Well if the currency keeps dropping for a bit might actually just keep going up 
nah probably not. . .
True, but that still doesn't stop them from going to 51% if they feel like it. You can help prevent something if you use P2Pool. So please check it out.
Friedcat has stated that they will NOT go near the 51% - which is why they moved away from BTCGuild in the first place.This speaks volumes to Friedcat really caring about BTC long-term, and why I've thrown money at the guy. I can't imagine them wanting to go much more beyond 25% of total processing power without causing massive fear or risk destabilizing Bitcoin.
definitely will drop. but the price is in BTC
In next few weeks of diff increases, you'd be an idiot to pay 50BTC for 13GH/s... there are idiots in the world, and there are over-enthusiastic speculators in this community, but a week or two after that it will be apparent even to those who aren't good at math.
At that point, he'll either lower the price or not sell anymore.. its that simple.
At that point, he'll either lower the price or not sell anymore.. its that simple.
When BFL finally delivers and catches up to their orders but its always 2 weeks
In next few weeks of diff increases, you'd be an idiot to pay 50BTC for 13GH/s... there are idiots in the world, and there are over-enthusiastic speculators in this community, but a week or two after that it will be apparent even to those who aren't good at math.
At that point, he'll either lower the price or not sell anymore.. its that simple.
At that point, he'll either lower the price or not sell anymore.. its that simple.
Friedcat has the capacity and ability to have a lot more network but chooses not to do so
Until convinced otherwise would say no to this but 2.5 Is a bit high to go for 2.4
The dividend loss by waiting for the price to drop is probably greater
Considering the APR it is actually in a quite undervalued position as it is to get a normal APR based just on dividend considering the stability it has
Of course some factors in competition so your call
Until convinced otherwise would say no to this but 2.5 Is a bit high to go for 2.4
The dividend loss by waiting for the price to drop is probably greater
Considering the APR it is actually in a quite undervalued position as it is to get a normal APR based just on dividend considering the stability it has
Of course some factors in competition so your call
True, but that still doesn't stop them from going to 51% if they feel like it. You can help prevent something if you use P2Pool. So please check it out.
Friedcat has stated that they will NOT go near the 51% - which is why they moved away from BTCGuild in the first place.
Somewhere in the 400 pages, there's a post of him saying him and his company is in it for the long haul... and increasing the distribution of hash rate will help stabilize the currency and the price of bitcoin overall, thereby increasing ASICMINER's value (relative to fiat).
A few people have commented about how the price for Blades/USB is high, considering they have been out for a few weeks already - there may be a plan to decrease it in the future to keep the price relative to the demand.
It'll probably drop when difficulty skyrockets, if they do drop.
What I mean is the following.
Friedcat has 2 auctions.
First the price for blade eruptor is 75 BTC.
On second auction the price is 50BTC.
50BTC is not market price. Almost a month have passed.
Now it stays at 50BTC even though difficulty is already high.
When will Friedcat have another auction again so that the price is set by market price again?
Friedcat has 2 auctions.
First the price for blade eruptor is 75 BTC.
On second auction the price is 50BTC.
50BTC is not market price. Almost a month have passed.
Now it stays at 50BTC even though difficulty is already high.
When will Friedcat have another auction again so that the price is set by market price again?
So you are only referring to hardware sales? You have to be specific when talking about Asicminer, hardware sales are sort of a "side" business for them.
What I mean is the following.
Friedcat has 2 auctions.
First the price for blade eruptor is 75 BTC.
On second auction the price is 50BTC.
50BTC is not market price. Almost a month have passed.
Now it stays at 50BTC even though difficulty is already high.
When will Friedcat have another auction again so that the price is set by market price again?
Friedcat has 2 auctions.
First the price for blade eruptor is 75 BTC.
On second auction the price is 50BTC.
50BTC is not market price. Almost a month have passed.
Now it stays at 50BTC even though difficulty is already high.
When will Friedcat have another auction again so that the price is set by market price again?
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