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January 26, 2015, 08:02:46 AM |
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that every bubble has been different. Ashamed to say i watched the bubble to $280 and sat it out in disbelief, despite having been interested in BTC for over a year. When it crashed back down i bought a lot as it fluctuated between 60~120 for quite a while, cursing myself for having thought about buying at $15 and just spending money on other shit instead, like gold. Great investment that has been. As this week i am back to where i was a few years ago, and only then cause of the Aussie dollar.
Fair value in my opinion for the last 12 months has been between 300 and 400, based mainly of blockchain stats like wallets, transactions, and usd volume. Still only sold 25% of my stash at $800, more because i needed the money than i had the courage of my convictions.
For the time being I still believe that is a fair price, but my gut feeling, which has no data to back it up, but has been good to me when i have listened to it, tells me BTC is at a similar place is was at $140 in 2013. ie poised to take off.
Obviously nobody should take the gut feelings of an anonymous person on the internet seriously, but I tend to take them seriously given how they have worked out in my life. The conscious mind can process something like 50 bits of information per second. Our brains unconsciously process 10 million bits of information per second from our eyes alone. The more you consciously study something, the better your unconscious brain can make connections you are simply unable to reason out.
My unconscious brain is now telling me to buy with both hands, so I am. We shall see how this all works out, yes?
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