Quote from: MPOE-PR on June 09, 2013, 07:55:32 PM

Quote from: crazy_rabbit on June 09, 2013, 03:01:52 PM

In the speculation threads people are crying over the drop in price as though 'this is the end'. I'd like to point out that MP said 100 to 130 back early April and it's been 100 to 130 ever since.

This would be exactly correct.

Quote from: crazy_rabbit on June 09, 2013, 03:01:52 PM

Measure the value of a Bitcoin by the infrastructure and people behind it- and it's only going up. How many conferences/meetups are there this year? 10+? It's incredible. I couldn't be more excited.

If you think infrastructure = conferences...heh.

conferences means educating larger number of people about bitcoin, proselytizing the bitcoin philosophy, building local bitcoin communities and creating new networks of individuals with a common goal. It's difficult to measure infrastructure directly but one can infer that if we go from one or two conferences a year to many local conferences all over the world it means that a greater number of people are interested in taking an active role in building bitcoin and it's infrastructure. It's an indirect measurement, but I think it's a valid one. Just off the top of my head there was the San Jose conference, a Miami Meetup, a Bratislava Meetup (Which resulted in Bratislava becoming a top bitcoin accepting city for local businesses), a German meetup, Amsterdam, London, Prague last week, and that's just what I can think of off the top of my head. That's a good sign and indicative in progress in infrastructure. People are a valuable resource- the most valuable in terms of something like bitcoin.

As for fluctuation between 100 and 130, I think that's pretty accurate myself. $100 tends to be one of those psychologically magic numbers where things easily settle.