Quote:
Originally Posted by Deep
But you've been calling it a bubble since well before this price. Have you adjusted the fair value IYO then?
Fair value changes with time and news and information. There can be a bubble 2 years ago at 30, but a fair price now at 30. I think the mania is gone now. But you have a lot of deniers that will hold on waiting for it to get back to 150 or whatever their original investment was, and eventually give up. Few new buyers will be entering to make a quick buck, and those who are selling regularly (miners, merchants) will keep the price pushing down.
Current value neglecting the future certainly is much less than 40, and a huge portion of it is future potential. I have become increasingly more bullish on long term potential and less worried about competitors, so that has increased a lot of the long term prospects. That will raise the current value.
Then again, there could be some major entrance in the market from some big players that I'm not aware of that will raise the current price beyond my expectations.