Quote from: hgmichna on May 02, 2013, 04:01:45 PM

Quote from: chufchuf on May 02, 2013, 03:33:05 PM

Bitcoin is clearly a better place to have your money than Liberty Reserve and at any given times there are probably billions sitting in LR. All that's needed is time to pass, so clearly Bitcoin is way undervalued.

If nothing goes wrong with bitcoin, you may well be right in the long run.

But for the speculator the question is a different one: Where is the price going in the short term?

For the next months the answer is generally: down. The price will fluctuate up and down, but overall it will go down, perhaps to $20, perhaps lower.

By the way, the price just went down to $90.

Someone's trying to take Proudhons place.