Quote from: skyhigh on August 05, 2011, 09:55:02 PM

Quote from: Technomage on August 05, 2011, 10:20:58 AM

skyhigh, the reason I'm saying the issue is minor is that while there has been 50%+ inflation, we've had a 1000%+ inflation of new Bitcoin adopters. There is no reason to be so skeptical as to assume we won't have growth during the next 6 months for example. With the adoption growth we've had, the price is rightfully much higher than it was in the past. How high it's "supposed to be" no one knows, it's obvious it isn't $1 or $30 but something in between.

The price should be around $13-$14 right now to sustain the level of growth we've had so far but clearly we're in a slump with low adoption rates and a ton of bad news. So, basically the main factor to take into account regarding inflation is the adoption rate and the other factor is how much miners believe in Bitcoin or how much they can afford to save.

In the current situation I'd say the price is not going to go below $9, perhaps not even below $10. More bad news is required for another slump like that. The demand for cheap coins at the $9-$11 range is quite decent and many think that price is lowish for selling.

Where it will go from here depends on many things, as I already said in my last post. It might stay here for a while but I don't think so. With all the bad news people will show strong support for good news if they come and if good news come, there will at least be a small rally. With lots of good news we will see a very strong rally. But that's all speculation, we might see quiet stagnation and more occasional bad news and the price will not go up, might even go down.

It's also true that for the functionality of Bitcoin it doesn't matter what the price is, but I personally care about Bitcoin in many different ways, as a miner, as an investor, as a supporter and in the future probably as a merchant as well. For some of my interests the price does matter.

I don't know what I should tell you. So I will just say, yes you are right and I am wrong. I guess you know better then me, price should be around $13-14. Ignorance is a bliss.

Quote from: ProfessionalGoogler on February 04, 2017, 04:46:03 AM

I'm from the FUTURE.....

Well it is clear that the present when referring to it at that precise moment can be considered the future as in this case when you speak of a fact that belongs to the past, certainly few people knew about of that, as its use has become a little more generalized the price has grown in the same proportion, Besides what has to be a fact is who sold at that price, He/She must have come back later, maybe that's indicating something or maybe not, the thing is that sometimes the story seems to repeat itself , it's now funny see the boy lamenting for not having bought to $8 when it was on $9-11 range or the other guy advising to him about why not keep some USD on mtgox balance, just in case?, that shows why everyone should make their own decisions.