Post
Topic
Board Economics
Re: Why is bitcoin price not going up?
by
NewLiberty
on 05/07/2013, 22:39:31 UTC
The price decline is not due to ASIC.
Consider the amount of BTC that was liquidated. about US$5-10M/day.
Are the ASIC sales quotas that high?  What fraction of that might be ASIC business 3%?
(and that is just what shows on the exchanges, very much is NOT on the exchanges.)