Post
Topic
Board Speculation
Re: ASICs are the reason the price is dropping, and it will not stop.
by
Zendata
on 07/07/2013, 04:53:42 UTC
Basically what OP is pointing towards despite his strange numbers, is over saturation. Anyone that has played an MMO and knows how a virtual economy works this is the same exact thing. More coins and not as much demand equals low value. As demand rises and coins disperse amongst the market, price goes up (Difficulty is the big player despite what people think). However the key factor is demand, if there is no demand/trade. There is no value, thus it continues to fall. This is parallel to the market I have projected towards BTC. Problem is, this is the key part and if it goes wrong. My whole idea is out the window.