Quote from: bitmateco on July 01, 2013, 11:13:37 PM

Quote from: donjonson on June 27, 2013, 01:04:41 PM

Quote from: Epoch on June 27, 2013, 02:35:44 AM

Quote from: IggySe7ven on June 26, 2013, 06:03:21 PM

Why is bitcoin price stuck around the same number and not increasing, how likely is it for bitcoin to steadily start going up again?

Are you sure it's not increasing:

16 months ago: $4
12 months ago: $6
8 months ago: $10
4 months ago: $35
today: $100

It all depends on your perspective, doesn't it?

A nice but mainly a TRUE perspective.

that was before asics.
now you can say this

2 month ago $250
1 month ago $130
today $80

also true.

so huge as peak and big fall.
i think asics are bitcoin biggest devaluer

yeah I agree that ASICS are what is driving prices down. if that's the case it's best to sell now. if you can hang on long enough (the next halving day) you will be rewarded. By Then ASICS will be > 80% of the mining and bounded by the cost of energy. To produce one bitcoin in that environment will be costly no whether you are using an ASIC or not.