Post
Topic
Board Speculation
Re: Taking a step back
by
Piper67
on 27/03/2013, 15:46:40 UTC
Oh, come on, don't let the facts get in the way of a good religion. Bitcoin is useless except to buy drugs and weapons on SR and maybe to do a spot of money laundering. The real value of a BTC is between $1 and $1.5  Grin
Couldn't that be said of Bitcoin speculators? They think BTC is embarking on global acceptance and is going to save the world in less than a month, and for these reasons it should immediately be valued at $10000/coin.

Global acceptance would put each BTC at roughly 1,000,000, not 10,000.

1% of Bitcoin's potential as either a currency, a store of value or a payment processor (the three sides of the Bitcoin, so to speak), puts us easily around $10,000, so from that perspective, we're correcting upwards.