On Sat, Jun 27, 2015 at 3:19 AM, Venzen Khaosan <ven...@mail.bihthai.net> wrote:
> > That is a false assumption. Given the increased adoption of Bitcoin by > users and businesses during the past year, does the price chart > reflect greater value or price? Of course not, the price chart is at > terminal lows. Fact not fiction. > You're not taking speculative cycles into account. For most of 2013 the price was in the $100 range. Adoption as a store-of-value is what determines the price over the long term, as with any monetary commodity.
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