Quote from: idividebyzero on March 21, 2013, 11:41:48 PM

I was thinking of buying some coins but am worried about the Avalon shipments causing a decrease in value since they make so much money. I dont really understand how mining works and how it affects the market. Is it a bad idea to buy now? Or a bad idea NOT to buy now because of the new mining tech?

I bought a good bit of coins last week @ $47 USD. Based on my cursory knowledge, I think it's not a bad time to buy- not a good time either. With less people buying BTC due to rising prices, it will eventually start to come back down in price with no demand.

However, from what I've read about the dedicated mining devices, it seems like the BTC network adjusts difficulty based on the current processing power. This is to prevent someone from "strong-arming" the network and controlling transaction records. Hopefully this will mean that even with the mining devices, the BTC value should at least remain stable.

I'd like to know more as well! That's just my view on things, I could be mistaken.