Post
Topic
Board Speculation
Re: Is it possible for us to get the price back up
by
Jonathan Ryan Owens
on 14/11/2011, 06:10:05 UTC
Is it possible for us to work together to get the price back up to about 15-30?
Legally that is.

I think you're well meaning, but why would we want the price to be 15-30? There's no fundamentals to support that price. I (and others) would like to see $1 - $1.50 and slow growth from there, which includes real commerce and not just speculation.

-Jonathan

I just liked it higher from a financial standpoint on my end. But why is that though? Why have it lower?

What's the difference between 10 bitcoins for $2.50 and 1 bitcoin for $25 when it comes to trading / speculating? You like it higher from a financial standpoint because you purchased bitcoin at $15, or because you're emotionally driven by a higher, more volatile price?

So instead of 1000 bitcoins at $15, now you hold/trade/speculate with 6000 bitcoins at $2.5 ...

-Jon