Quote from: Ekaros on April 14, 2013, 08:53:38 AM

Question is what is it value now, and what is resonable price for now with that as a long long term expectation. And some of us think it's not that valuable yet and the price rise was too fast and drastic.

I think that the primary cause for the dichotomy in perceived value in bitcoin comes down to the most basic of dividers in perception. Most people want a currency or commodity to be something tangible with a need driven by consumption. The true value of bitcoin can only be seen as real and tangible by those who view value strictly as where the demand curve intersects the supply curve and have no need to add tangibility to the equation. I think once we can get small businesses in say 20% of the local markets to accept bitcoin payments (this could be achieved with 10% if they were high demand merchants like fine dining or boutique clothing) then it will stop being hoarded so much and we will see closer to 50% of the bitcoins currently in circulation getting in motion. That will be the take off point for this currency I assure you what looked like a "bubble" over the last few days won't even be a pimple in the long run. I'm not sure if I agree with the potential for bitcoin to trade at more than $10,000 USD in the near future simply because it would have to capture such a large percentage of consumer driven trade worldwide to get there. That said, $1,000 isn't an unrealistic exchange-rate if you can spend them directly without a middleman exchange.