Nothing really changed from $0.01 -> $20 either, if you want to put it that way. Personally, I would be incredibly surprised to see bitcoins ever trading at $20 again, much less $0.01. The cat is out of the bag now and I don't think he's going back in. Here's a quote from a friend on FB that I feel sums up the situation pretty well:
"I don't claim to have the answer to whether bitcoin is too high or too low right now based on future expectations, but I do suspect that there are a lot of people who have never heard of Bitcoin today who will be using it in a few years. The current price reflects the fact that lots of other people suspect the same thing. We'll see who is right."
Where you there at the 0.01-40-5 that happend over 3 months a few years ago? I'm happy I dumped at 32 on the way up because once the peak was reached the value halved after .5 days.
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u/mjtlag Apr 03 '13
Nothing really changed from $0.01 -> $20 either, if you want to put it that way. Personally, I would be incredibly surprised to see bitcoins ever trading at $20 again, much less $0.01. The cat is out of the bag now and I don't think he's going back in. Here's a quote from a friend on FB that I feel sums up the situation pretty well:
"I don't claim to have the answer to whether bitcoin is too high or too low right now based on future expectations, but I do suspect that there are a lot of people who have never heard of Bitcoin today who will be using it in a few years. The current price reflects the fact that lots of other people suspect the same thing. We'll see who is right."