Post
Topic
Board Speculation
Re: Bitcoin Price Dropping Precipitously
by
toddfletcher
on 14/02/2014, 00:04:17 UTC

Ok, given your btc experience what was BTCs "true value" in Jan '14, what is it's true value today, and what do you expect it to be a year after you purchased it in May of 2014?
That will tell me what type of expectations you have for btc, and how your expectations square with the actual performance of the CC.



Read the sentence again, I was not referring to it's price value but it's utility value, as in "it's value comes from low transaction fees" for example. I don't speculate about it's price value because it's unknowable, the utility value is also ultimately unknowable now, but if its an avenue to a more automated financial system the efficiency improvements alone will justify higher prices.