Post
Topic
Board Speculation
Re: Professor Bitcorn is right, BTC to $10
by
piramida
on 02/09/2014, 13:25:08 UTC
It is already a functioning worldwide payment network backed by a 500million infrastructure, with constantly growing adoption numbers. And you propose to value all the "shares" of this network at measly 1 billion dollars ($100 per btc)? This is a total joke. And please, if btc is ever traded at $10 per one that would mean lights are off and every last bit of money has left elsewhere. Provided that the idea can not die, that would mean there is a much larger network for some other crypto in place already, you'd notice if that happens...

So the price now is very much near the $300-400 bottom, from where the new rally would start once capital reassesses total value of the network and the rush to get in starts. Nobody knows when that happens, but the recent training moves to $550 region were pretty solid and quick, while retractions are getting weaker and slower. Three months ago, we ran from these levels to $600 in just 10 days. Retraction is taking three months and we're still not at $400 yet...