Quote from: Peter R on April 17, 2014, 09:22:33 PM

Quote from: blatchcorn on April 17, 2014, 03:42:40 PM

How much will it fall? I imagine a large chunk of the price is based on future potential, rather than current utility.

I wonder.

Thought experiment: tomorrow you learn somehow that bitcoin will never go up in value, but will never go down in value either. 1 BTC will forever be able to purchase the same basket of goods.

Would you hold more or less of your wealth in bitcoin than you currently do?

Less, but I am not representative: I am grossly over-exposed to BTC. If I held BTC according to MPT, then my answer would be "more". I think most investors follow MPT. The forum has a disproportionate share of extreme speculators, relative to the general population, or even to the investing community at large. I conclude that this line of reasoning is bullish.