Quote from: Torque on February 20, 2018, 02:17:00 PM

Quote from: sgbett on February 20, 2018, 01:58:02 PM

At which point we discover the true value of BTC based on fundamentals.

Lol

I've been saying the same thing since 2014 and the price action since then has continued to bear this out.

The base price is an s-curve of adoption (fundamentals), overlaid with speculative mania cycles.

I'm not the only one, this guy spells it out. (4 years late mind you Wink

)

The mania-cycles are fun, but the s-curve of adoption is essential to drive the price up and create the next cycle. Yes, this is a criticism of the course of action that has resulted in BTC market cap being butchered by alts, and tx count falling off a cliff:

Whether BCH existed or not I would be saying the same thing, I *was* saying the same thing before it existed, I always have been saying the same thing.