Quote from: inca on May 12, 2015, 05:02:22 AM

Quote from: Bogleg on May 12, 2015, 04:52:40 AM

Quote from: ausbit on May 12, 2015, 04:51:22 AM

With the trade i have been watching i see a price about $220 usd before the end of May.

But the BTC price will never be as high as the number of threads on this topic. Wink

Mining is a huge sinking cost for btc. Without new infusion of new fiat, it will keep going down.

So the price can never rise? Shucks. Here is silly old me thinking the price is set by the market, directly from supply and demand, not by miners.

How do you explain the price being higher two years ago?

cos the speculated movement happened in China. Many ppl there are buying up the price. A lot of fiat money went to bitcoin and expect the return from selling it!