Hey guys, tell me if I am totally off with my reasoning here: when Bitcoin was spendable mainly on Silk Road, and other dark markets, the higher it went was 32$, right? And then it went down massively. So at 15$ Monero doesn't seem much undervalued, to say the least. Or maybe some of you think the dynamic is entirely different this time and the two situations aren't comparable?
I could add 2 things here when comparing Bitcoin with Monero.
1. Quite many got their BTC really cheap. So they did not really care at what price they will sell since they made huge profit from basically nothing. Some maybe even get them as a gift. With Monero is totally different since price was relatively high from first week. those that hold XMR for over 2 years dont have even x10 profits so far.
2. People learned something from their mistakes.