Quote from: The Pharmacist on April 25, 2015, 09:27:30 PM

Quote from: MicroGuy on April 25, 2015, 03:07:29 AM

I think there's a very real chance that Bitcoin won't see $500 again in my lifetime (I'm old).

Sorry for the bearish attitude, but it seems like we've somehow reached a stalling point. Not sure how, but we need some momentum to get things turned around.

I would say that the price of bitcoin hasn't stalled at all. From the peak in 2013 when it was at and above $1000, we're in a straight downward trend.

And also, I would add, the price is whatever it is. You can say bitcoin is under- or over-valued, but that's pure speculation. Bitcoin can't be analyzed like a stock or a bond since it has no earnings, cash flow, etc. And I surely would take any analysis by idiots on this board with a huge grain of salt. No offense.

Agreed. People often think they can analyze bitcoin and make predictions like stocks. But often this is unvalidated, and the truth is bitcoin is far more random and more manipulated than many people would like to think

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