wachtwoord
Legendary
*
Offline Offline

Activity: 1946
Merit: 1029


View Profile Personal Message (Offline)

Ignore
April 27, 2014, 11:30:51 PM

What would convince bears to be bulls and what would convince bulls to be bears?
For bears: How long should bitcoin price rise and to what price that we can call this dip over?
For bulls: How low must bitcoin fall before someone agree that it will never reach more than 1000USD again until several years from now?

Everyone has a personal valuation of Bitcoin...the dollar figure where they would take all the spare money they have lying around and buy.

I am sorry to say but that number for me is single digits mainly because fiat does mostly what I need it to do.

Steal your wealth?