BlindMayorBitcorn
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July 21, 2015, 03:59:55 AM

So for it to even get to $32k/btc, millions of people have to happily be buying at that price, yes?  So why would they?  Why would we all be happily buying more at that price?

Supply versus demand. The supply of bitcoins is limited. The demand will grow.

...It's the equivalent of saying that Gold is cheap at $1100/ounce, since it will be at $30k/ounce...

For years gold was $35/oz. It could certainly go a lot higher than $1100.

Some people just don't get it, will never get it.

Hey, you're talking to a bitcoin bull here.  I'm still in.  But going on 2 years of nothing and I'm still seeing, well, nothing going on.  Seriously. Adoption ground to a halt.  People have lost interest, and sold at a loss.  No major retailer announcement since early 2014.  It's getting a little ridiculous at this point.

I guess if patience was easy it would be called my ex-wife.

 Grin?