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Board Beginners & Help
Re: Bitcoin is Dead
by
crumbs
on 02/07/2013, 19:24:52 UTC
The current drop is Bitcoin price is probably due to the uncertainty that ASIC miners are creating not the actual ASIC miners themselves. People aren't sure what's going to happen - (especially the GPU Bitcoin miners) so they are likely selling pushing the price down. Once the adjustment period is over, price will likely rebound.

You're missing OP's point:  ASICS don't bring uncertainty, the outcome is *certain.*  If you had a money press that prints real money, why would you sell it?  
Edit: ASICs are, or are claimed to be, these printing presses.  If they make more bitcoins than you pay for them & the juice to run them -- a no-brainer win unless... THE VALUE OF BITCOINS GOES DOWN.  That's the only sound reason to sell the printing press Sad  And they're being made.  And sold.