Post
Topic
Board Beginners & Help
Re: There is NO Bitcoin bubble, yet.
by
Lore
on 10/04/2013, 05:52:26 UTC
Actually, there is a feedback loop...  Avalon ASICs cost BTC to buy, thus driving people to convert to BTC to get one.  I think this is actually the correct thing though as it actually drives their hardware to actual USD value, instead of under pricing it in USD.  There is a reason to actually need BTC now, to own the printing press to get more BTC.