I think the $8-10 range is probably the true value of bitcoin at the moment.
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(chart)
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Sure, for the short-term, it's leveled off at 8.5. But I'm a long-term player, so here's how I see it:...
(chart)
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It's leveled off, but that's a hell of a long slide for you to be saying it's stable at its "true value" now.