FNG
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September 18, 2014, 07:17:42 PM

The speculatory value of BTC is dead. It never needed to cost thousands of dollars to be functional or useful.
It depends on your definition of useful. I'd say bitcoin is useful for basically fuck all if it's below $10,000 per coin.

It's barely worth thinking about in the grand scheme of things. But..being a more efficient payment mechanism makes it extremely useful therefore any value assigned below $500 billion is severely undervaluing it.