Message:

<p>[QUOTE=&quot;Michael K, post: 2963154, member: 78298&quot;]1 Bitcoin equals</p><p>13872.99 US Dollar</p><p>While it appears to have stalled, this is my feeling.&nbsp; While I personally believe BitCoin is worthless, I think the value is going higher.</p><p>While it has stalled (or plateaued as V. Kurt has said) the reason I think it is going&nbsp; higher is the irrational way that prices move on securities. As soon as it starts going again, everyone who is on the sidelines watching what is happening, is going to jump back in driving the price higher.</p><p>Using the stock market as an example. It should be valued/ built on fundamentals. Earnings, etc. But it isn&#039;t. The stocks go up on news, and the stocks go down when people panic sell because prices are going down.</p><p>The same irrational phenomenon will happen with this. Either some good news will spike the price, or once people get off the sidelines and start buying again the prices will go back up.</p><p>During the day that South Korea said they are considering to not allow trading in BC, the price went down on that news. No fundamentals drove it down, just the possibility of bad news. The same thing will drive it back up.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in