Bitcoin market price.

[oneword]

Bitcoin showed resistance at the $780-$800 what pushed the value of bitcoins to the current market price? And am I alone on this about the value of bitcoin being over priced?

[Smileyftw]

it seems we are alone thinking about this event 

[hilariousandco]

Bitcoin showed resistance at the $780-$800 what pushed the value of bitcoins to the current market price? And am I alone on this about the value of bitcoin being over priced?

What is your logic of something being over or under-priced? If people are paying $800 then I'd say it's worth that.

[bitkman]

The simple answer is Supply and Demand. It doesn't matter how much people dump it or buy it or value it... it will always be valued based on supply and demand

[raspcoin]

I think it will set a new all-time high this spring, or at least reach $1000 again.