Post
Topic
Board Goods
Re: With BTC at an all-time high (what's new), whats the demand for?
by
Anon136
on 09/03/2013, 14:30:03 UTC
How would the entrance of ASICs make the price tank?

The initial increase in bitcoins prior to the mining difficulty adjustment will most likely cause a pullback due to supply demand metrics.  Using supply demand metrics this will likely cause a short term pull back in price.

-ak

you are failing to understand how markets work. Sure all things being equal an increase in supply will lead to a decrease in price but markets price these things in gradually over time. the switch to asics for example was probably priced in over a year ago.