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Bitcoin Forum > Economy > Economics > Speculation > I believe we are here: Beginning Feb 2012
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EuroTrash (OP)
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September 19, 2014, 01:38:01 PM
 #1
"Fair price" = just a name for Estimated on-chain USD transaction volume / 200000.



So we are witnessing the equivalent of the drop from 7.5 USD to 4.5 USD.
Therefore, as it stands, I believe the real bottom is below 300 and above 200. As it stands now there is no chance it can stay below 250 for more than a day. Unless the USD transaction volume also drops in the next few weeks.

On a more facetious tone... maybe we are here:
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