Seriously, people are bit mining with these? That whole thing is going to hit max soon then value will drop like crazy. They will all become worthless. Just be sure to sell out as soon as you get a lot.

The bitcoin bubble is so close to bursting, I already have the popcorn ready for when all the people that wasted hundreds of dollars on their 5970 blow a gasket and piss & moan about how each ‘coin’ is now worth only 12 cents instead of 30 dollars.

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#14 06-16-2011, 02:18 PM
Favrerox
#4 QB legend in Titletown

Member sinceJul 2010
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Quote from Crucible1001 :
Seriously, people are bit mining with these? That whole thing is going to hit max soon then value will drop like crazy. They will all become worthless. Just be sure to sell out as soon as you get a lot.
Yup 4 x 5830 = Lotsa bits. Problem is, like you said it’s gonna be max soon and unless you are running 6970’s or the like you won’t get anything for your investment. I’m still intrigued though…

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#15 06-16-2011, 02:21 PM
Crucible1001
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Quote from Favrerox :
Yup 4 x 5830 = Lotsa bits. Problem is, like you said it’s gonna be max soon and unless you are running 6970’s or the like you won’t get anything for your investment. I’m still intrigued though…
Now that it his mainstream, it is extremely volatile. It was at 29 dollars about a week ago the day news broke about it. It is down to 18 today. I fully expect it to crash down to nothing eventually.

People seem to think that BTC will go back down to 0, and not too far in the future, either.

Why is that?

They obviously don’t understand the value of the “block chain” and how it’s impossible to forge. Nor do they understand the need for this kind of thing worldwide — not so much in the states, but some places are DYING for something exactly like this.

Matthew