Post
Topic
Board Speculation
Re: Is it possible for us to get the price back up
by
martychubbs
on 15/11/2011, 17:25:39 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 support that.

stable growth from $1.50 sounds good to me. would also probably get a bunch of new people into BTC cause everybody be like "BUY NOW FOR GODS SAKE!"



No its not that, if the fundamentals don't change we are heading for sub-penny prices.
I am not one of these pessimists who think they cannot change and bitcoin is doomed but something must happen along these following lines:

resources sold for bitcoin
decentralized exchange
more productive userbase
grassroots projects
existing merchants doing well

I see nothing of the sort yet.

Do you have any economic models for your list or they just your "feelings"?