
Since i've been here...
Not a single bull has ever told me why Bitcoin is worth $210 -$1000, $100k and not $30-70$ like it should, yet i'm the one who's considered a troll LMFAO. The stupid fucks watched so many graphs that they forgot that the price is driven by people and their reaction to the technology and not by the lines presented on a chart and some fancy trends posted by delusional amateur traders that were born post "The Wolf of Wall Street". We are not in the past where the MtGox bots were pumping out Bitcoin like lunatics.
Go outside of your pussified geeky world and ask people if they give a shit about bitcoin. Ask them and then you will see the real truth. What you got here is a technology that's failing to take advantage of the power that the internet has to offer, in case you want to talk about a mass adoption situation. That alone should tell you a more realistic price.
Now please, go back to your 9 to 5 jobs and stop dreaming like idiots that one day you will all own Bentleys and big opulent houses. Keep bitcoin on the side and work harder on other goals.
Supply and demand...as simple as that.
now the reak question is about the inflated demand, and the complicated answer is the greedy people who were so blind to not see or ignore the huge bubble, they were also promised $10K coins, so as naive as they were they kept buying bitcoins... in fact they were buying hope and held and wishes and dreams, but now they are realizing how ignorant they were... this is why the bubble is taking so long to burst, it was delayed with hope and dreams and wishful thinking.
Edit: BTW, technical analyzes work most of the time...the fact that you don't understand charts or don't know how to use them doesn't mean they are worthless.