Re: Alpha Technology Litecoin (Scrypt) ASIC Miner Order Batch 1 Now!
The problem is that if it is below $200, we will wait for it to be below 150, so on and on
$10
At $10 per BTC -- I'll buy one thousand -- maybe I'll get lucky and it will go up to $20.
With 3,600 new bitcoins being pulled out of thin air every 24 hours, due to mining, I' wouldn't be surprised if the whole thing collapses. No new money is going into BTC and a flood is being converted to fiat. We might get a repeat in a few years where the value sky rockets due some problem with the banking system. I might start steadily buying up BTC when it looks like it couldnt get any worse, however we are far from there at this point.
As far as Alpha Sprouts Tech, they are not going to be able to survive these conditions. They haven't shipped anything and most likely never will. They are dead in the water and its plain as day for all to see.
I'd definitely buy a ton of BTC if it goes that low. $10? Load me up!
Anyhow, Alpha-T likely had good intentions like any other start-up ASIC designer in the space - i don't believe they set out to scam people...but that's what happens when you blow delivery dates and people start pulling their orders. It's a rough space to be in, and if your risk analysis is off you're effectively setting yourself up for failure because stuff always happens.
Oh well. The next Alpha-T is likely forming to take more of peoples' $$$
