Quote from: NikolaTesla on April 24, 2013, 10:40:06 AM

Quote from: MykelJH on April 24, 2013, 10:39:04 AM

Quote from: NikolaTesla on April 24, 2013, 10:37:47 AM

Quote from: ruski on April 24, 2013, 10:34:58 AM

Quote from: NikolaTesla on April 24, 2013, 10:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

Haha, so we're headed down to ...breaks out the calculator $3? Being optimistic?

The true valuation based on fundamentals should be around $55.

now is this strictly based on number of bitcoin VS. difficulty to get?

Based on cost to mine. If I can mine for $50 a coin, why should I buy for $150 coin? The convenience of buying isn't worth increasing the price by 200%.

Demand, not convenience, dood.