I disagree... but I' respect your opinion as it helps you understand and use BTC effectively in your circles. Btc, like anything is only worth what the person who wants it is willing to pay. I prefer not to rely on a faceless entity of speculation and pack mentality trends to dictate to me what I value. BTC gives the individual the opportunity to create their own value and wealth with out being 'told' by an authority or regulator ...'NO THIS IS THE PRICE...BECAUSE I SAY SO!!!' Take for instance Fiat... worthless paper or very common metals with printed symbols of previous governing institutions demanding that you beileve that 0.04c worth of paper and ink is worth $100... and when the current institution runs out of it ... They just print more??! debasing it's true value even more. Wheres the value in that?  Its in the perception of the users and the laws that regulate it. Not the coin it self. BTC only has value to me at $100 or below... As a lot of the sellers were mining BTC last year on GPU's when BTC was at $3.00... These people cannot say that BTC is valued at $100 unless they have a buyer who will pay that, currently they do... but as we have seen very recently BTC is volatile and not tied to any one circumstance or resource but rather the sentiment of the group of users that trade it. If BTC can be worth $240 to one person in Cypress and only $70 24hrs later to me in Australia then I can say its up to the people involved and what they truly value to set the price for themselves. In fact today you can buy BTC for $65 USD on Weexchange... pity I don't have USD... All good mate. If its worth $120 to you then thats what its worth... You may think completely different though in several days or months if the price drops and would be glad to take my offer... It's all relative. Thanks for the offer though, If it was my own money... No probs , But as its a investment fund that belongs to a security on a exchange I have a certain volume and capacity target to meet so as not to erode their value directly. All good I'll stumble on some old school miner or trader who bought in at 0.30c and has thousands...

Goodluck buddy.