Post
Topic
Board Hardware
Old BFL buyers vs new asicminer prices
by
tbcoin
on 28/08/2013, 20:16:50 UTC
.....

But lets go back to the USD assessment.  The only way your figures work out is if you have 100% prediction ability or you use hindsight, neither of which are considered acceptable investing methodologies. 

Once again, your entire premise is flawed.  If you (or anyone) were so good at predicting the bitcoin price back then, why are you not a multi-billionaire?  If you knew BTC was going to go up, especially as much as it did, why were you not mortgaging the house, selling your mother and pimping out your cats and dogs to buy BTC?  You'd be an @#$%@% idiot not to... yet you didn't, why? 

Hindsight investing is great, except it's a bunch of shit, which is why comparing the price in BTC of anything in August 2012 to something in 2013 is a bunch of shit.


I'm not a BFL hater, but I recognize that many of us buy your equipment (in addition to buy bitcoin obviously) precisely because we expected this fast revaluation and your initial delivery date was in an acceptable margin to take advantage of it. You have failed and of course that every dollar we spend on your equipment instead of buying bitcoin represents a great loss.