Quote from: gizmoh on May 02, 2013, 06:03:48 AM

Quote from: GeoRW on May 02, 2013, 05:42:07 AM

Quote from: Luis_GT on May 01, 2013, 10:56:27 PM

Butterfly labs officially announced shipping... prepare for the bullrun!!

or not...

Coming of ASICs means just one ... selling pressure. People invested a lot into ASIC hardware and they need to cover the costs. The question is if there's still enough buyers to keep the price at these levels after all the news bitcoin-mania ended. We are in the bear market now. The price may slowly go downwards throughout the whole 2013 like it did after 2011 crash.

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.

True, but at this point the network rate is so high that people aren't going to be making many coins anymore with ASIC. HAving an ASIC is like GPUS a year ago, and people weren't desperate to sell then either.