If I had to guess, this is basically the price that can be supported by libertarian computer nerds with disposable income. Not every bitcoiner fits into that category, obviously, but as a sort of average, this could explain why the price has settled on this value. All the libertarian computer nerds with disposable income have already adopted bitcoin, and we'll need to invade a new demographic for the price to rise further.
I'm just here for the money. Turning natural gas into bitcoins through computer hardware while sitting back and doing nothing while the meager money rolls in. As soon as the party stops I'm out of here. No libertarian views here. Just business :-)
It's funny that you think the profit in Bitcoin is found in the short-term mining
