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If you actually read the article, at the time it was written (months ago, when BTC volume was lower), it calculated a "bottom, minimum" value of about $45 USD.
by lectrick 13y ago
If you actually read the article, at the time it was written (months ago, when BTC volume was lower), it calculated a "bottom, minimum" value of about $45 USD.
So if it ever goes back to there, it will most certainly be a buy... which will of course drive the price higher, into the speculative space.
Basically, since the cat is out of the bag, it won't be possible to get completely rid of the speculative portion of the value, but the fundamental portion of the value WILL keep rising (at this rate).
- SilasX 13y agoI was replying to your comment[1], not the numerous, separate arguments that could have been made in defense of a related point. I'm optimistic myself about BTC, but don't think your comment as written is a good reason to think so in the context of the GP's point. [1] specifically, "As long as 2 parties will accept Bitcoin ... it literally MUST have a value ... Whether it's 10,000 coins for 1 pizza ...". That last bit is the "arbitrarily close to zero" lower bound I was attributing to you.