Post
Topic
Board Economics
Re: Who is buying above $13? Manipulation or Market?
by
MikesMechanix
on 06/07/2011, 22:04:12 UTC
Who is dumb enough to sell at $15 when the price was over $30 not so long ago?

In theory, the current price is always correct, and it already includes the market's expectation of the future. Currently, the demand is clearly not there to drive the price up. And at the current difficulty, it'd be very profitable for miners to sell @ $5, so we are way above the minimum threshold.