📅 Original date posted:2015-06-27
📝 Original message:On Sat, Jun 27, 2015 at 3:19 AM, Venzen Khaosan <venzen at mail.bihthai.net>
wrote:
>
> That is a false assumption. Given the increased adoption of Bitcoin by
> users and businesses during the past year, does the price chart
> reflect greater value or price? Of course not, the price chart is at
> terminal lows. Fact not fiction.
>
You're not taking speculative cycles into account. For most of 2013 the
price was in the $100 range. Adoption as a store-of-value is what
determines the price over the long term, as with any monetary commodity.
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Aaron Voisine [ARCHIVE] /
npub18g…knkzl
2023-06-07 15:40:42
in reply to nevent1q…95g3
Author Public Key
npub18gjvug29c4yg46lmplq38e75gg6wn5mn8taytckcsr4jt8p74h3s5knkzlPublished at
2023-06-07 15:40:42Event JSON
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"content": "📅 Original date posted:2015-06-27\n📝 Original message:On Sat, Jun 27, 2015 at 3:19 AM, Venzen Khaosan \u003cvenzen at mail.bihthai.net\u003e\nwrote:\n\n\u003e\n\u003e That is a false assumption. Given the increased adoption of Bitcoin by\n\u003e users and businesses during the past year, does the price chart\n\u003e reflect greater value or price? Of course not, the price chart is at\n\u003e terminal lows. Fact not fiction.\n\u003e\n\nYou're not taking speculative cycles into account. For most of 2013 the\nprice was in the $100 range. Adoption as a store-of-value is what\ndetermines the price over the long term, as with any monetary commodity.\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150627/5088206e/attachment-0001.html\u003e",
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