Quote from: xDan on September 19, 2014, 10:52:11 AM

Quote from: twiifm on September 19, 2014, 01:37:05 AM

I'm more curious to why "HODLERS" think price will rise when every news event that's suppose to make it rise, instead drops the price. As an outside observer, it looks to me like cognitive dissonance

My belief is not based on speculation or news. It's based on potential for adoption. And that will take some years. But will happen, IMO.

China could ban BTC again and the price drop < $100 and it wouldn't change my long term view.

Exactly, the potential of Bitcoin is huge and that is why the price is 400$ and not 100$ but if it goes big and succeed tens of thousands of 2014 USD is not out of the question, it would only be a few hundreds billions of valuation

This thread comes back when the price goes down