Quote from: wb3 on May 23, 2011, 05:01:47 PM

Quote from: Cusipzzz on May 23, 2011, 04:47:49 PM

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.

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!