Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
lostmach
on 02/05/2013, 06:08:28 UTC
Agreed.I don't understand advocates who believe price will rise on new asics hardware. This can only lead to increasing daily coins supply, thus more selling pressure.

Not quite how it works...

There will be no more selling pressure than there is now, the same 3600 BTC will be produced each day, and currently more than half of the network is probably ASICs that were purchased at a higher price than BFL's.

Correct.