90%+ of these Ops are just bitter.
If you are excited by Bitcoin the technology and can understand the value behind it, i.e. fast, frictionless, semi-anonymous transfers of money without involving third parties, then you would probably see $7/btc as dirt cheap. If you don't see the value in it, look a little harder at the current choices of bank checks/wires, western union, paypal, snail mail, etc. See it now?
but haters gonna hate.
If you are excited by Bitcoin the technology and can understand the value behind it, i.e. fast, frictionless, semi-anonymous transfers of money without involving third parties, then you would probably see $7/btc as dirt cheap. If you don't see the value in it, look a little harder at the current choices of bank checks/wires, western union, paypal, snail mail, etc. See it now?
but haters gonna hate.
Oh Contraire, not bitter, nor hateful, but fearful. Fearful of a rapid and successive decline that could destroy any and all credibility. I don't subscribe to the Labor Theory, although Labor is a factor in cost, it most certainly isn't the driving factor. A simple example is all it takes to show a fallacy in the Labor Theory. It might cost you $1 Million Dollars to produce an Apple, so the people will eat Oranges instead.
One must be realistic when looking at BTC, does the value = $7 ? Should it? I am not doubting that a BTC could equal $7, it just shouldn't be there now, for the greater good of BTC. However, if the groups keep sub-dividing into their smaller groups, then let the best man win. At the cost of the whole.
you're more than welcome to go and dump a few 100k btc on the markets to depress the price to bring it to where you think it should be. go, do in now! my bids are waiting!
