Post
Topic
Board Bitcoin Discussion
Re: the rise and fall of...
by
The Pharmacist
on 25/04/2015, 21:27:30 UTC
I think there's a very real chance that Bitcoin won't see $500 again in my lifetime (I'm old).

Sorry for the bearish attitude, but it seems like we've somehow reached a stalling point. Not sure how, but we need some momentum to get things turned around.

I would say that the price of bitcoin hasn't stalled at all.  From the peak in 2013 when it was at and above $1000, we're in a straight downward trend. 

And also, I would add, the price is whatever it is.  You can say bitcoin is under- or over-valued, but that's pure speculation.  Bitcoin can't be analyzed like a stock or a bond since it has no earnings, cash flow, etc.  And I surely would take any analysis by idiots on this board with a huge grain of salt.  No offense.