Post
Topic
Board Speculation
Re: Bitcoin Prices Crashing Now!
by
m3ta
on 06/07/2013, 04:47:01 UTC
As more asics flood the market, bitcoin value will continue to tank

what does asic = increased difficulty have to do with bitcoin tanking?

John Doe and his GPUs can not make a profit anymore. Only John Trump and his larger investment can.
Bitcoins were only valid when anyone could make a profit, albeit small, and drive its economy.
Right not, it's elitist. As in, bad.
John Doe has left the building.