10k to 300 and then the exchange is pretty bare. Eager buyers may send this stratospheric
With the increase network difficulty today. The amount of BTC being generated will put further strain on BTC supply.
really? 700 some posts and you really think this?
One thing to remember, since Bitcoin is a deflationary currency, and 4TH at Edit:
present difficulty will net you an average of 3.8BTC every 24 hours on a PPS pool.
We know that the true value of BTC is in the hands of the people. Some tend to hoard it.
In time less and less BTC will be in circulation making the perceived value increase.
Day traders may be the exception, and some who have been sitting with a pile of BTC may wish to take profits and liquidate some on the exchanges.
Bitcoin may be seen as undervalued from the perspective of those who are of the opinion that directly purchasing BTC as a means of investment is a far safer alternative then wrestling with the unknown future difficulty increases and BTC return on ASIC hardware purchases.