Re: No weekend dump

Its going to be a Monday dump now. Happened a few times in the last 2 months.

We are not safe yet.

Yea, here it comes now! I just nibbled at 375 Grin

This is not a dump, it's not worth to wait for the price to go down $10

I still think we might see $2XX again this year, and next year we might see the price go up.

Thinking the same.

Too many ASIC companies are poping up and irrational miners mining at a loss.

~~This is~~ There will be a natural but new point in the history of Bitcoin.
At some point mining companies will ~~stop~~start dropping like bricks if they can't get people to sign in on mining contracts.
They will be stuck with a datacenter full of ASICs that are worthless.
This will be the point where bitcoin price must go up due to scarcity.

And until then, coin price will continue the down trend.

Just edited my post but you got my idea. We need miners to stop competing with each other and unite and drive up the price so we all profit.
Too bad humans are not born with cooperation in mind. Cooperation only works if its a win-win or me-first