rebuilder
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September 21, 2014, 03:52:12 PM


I agree that fundamentals are strong.

But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot more

This. The market price appears to be have been dictated much more by speculative demand than fundamentals for a long time now. It's entirely possible we're still far, far above any price supportable by non-speculative use. In that case the fundamentals are catching up to investor expectations, but may be lagging significantly behind.

TL;DR: Bitcoin appears to be doing fine. That doesn't tell us much about what the expected price of BTC should be.