Quote from: ElectricMucus on January 08, 2013, 08:45:33 AM

Quote from: Kupsi on January 08, 2013, 08:29:24 AM

Quote from: epbaha on January 08, 2013, 07:29:46 AM

Quote from: molecular on January 08, 2013, 07:04:53 AM

Quote from: epbaha on January 08, 2013, 06:57:41 AM

How far will the price fall when Butterfly Labs stops "customer service" and leaves the country? Will we see the same magnitude as the Pirate Crash?

Please explain why it would crash.

Speculators dumped coins when the Pirate scam was confirmed so it seems plausible this might happen when this scam is confirmed.

Speculators dumped because Pirate had a lot of coins to dump. Butterfly labs don't have the coins.

What do you think will those miners do who still have their coins from back before the big rise and who though they could dominate the game for another 4 years? It's not the speculators you ought to be concerned about.
It's the seemingly strong hand who might get so frustrated that they turn to drastic actions.

I think that's a minority. Others will still want coins (can't mine with non-existing ASIC), so they might resort to buying them.

I still fail to see the connection... bitcoin can continue to use GPU if no asics are delivered.

I don't get it: "BIG SCAM HAPPENED ABUSING BITCOIN COMMUNITY!" => "SELL ALL COINS!" just doesn't compute.