Quote from: Gerken on October 12, 2011, 12:53:11 PM

Quote from: Swishercutter on October 12, 2011, 03:53:40 AM

Quote from: bitleaker on October 11, 2011, 05:10:58 AM

Quote from: BitterTea on October 11, 2011, 04:37:02 AM

Quote from: bitleaker on October 11, 2011, 04:28:07 AM

Quote from: martychubbs on October 11, 2011, 03:15:18 AM

What is your reasons for picking $2-3?

BTC's were slowly rising from $1-$2/$3 before the artificially induced bubble. My belief is that $2-$3 is the true value of BTC's at this time.

What is your evidence that the bubble was artificially induced?

I was there?

The bubble was mainly due to media hype - national and global media reporting about silkroad etc. However, this is just my opinion Wink

It was up to $9 before the silk road article. The crash from $30 was caused by a combination of the Allinvain BS and Mt.Gox hack.

Get real, it's been 4+ months now, and you are still blaming the falling prices on it? There just isn't enough demand, and the libertarian faction have helped scare off normal people. Now what's left? An exchange which is getting more flaky by the day, a few merchants that sell the same things as everyone except for an additional markup, and a bunch of scammers all tryin to scam each other. I call 1.50-2 by December.

No...those incidents started the trend...there have been many other incidents/selloffs/FUD to aid in the decline, not to mention very clear market manipulation (I assume multiple entities, I do not believe in a single manipulator). I don't really care either way...if BTC value was $1 it would still be more useful than a dollar in some ways. If Bitcoin failed today I would be out no money, I mine and have already cleared my costs.

Just people like you being here to spread FUD further proves my point. There is a disproportionate amount of fear and misinformation being spread by people in this forum who have no interest in anything except seeing BTC fail. If it has no value it will fail on its own without your help.