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Sunday, April 12, 2015 1:59:40 PM
..myself. But the bitcoin trading dynamics are changing faster than anyone previously thought. Like recently it flirted the $300 mark few weeks ago, but couldn't bust through, before stabilizing back to current low 200s. Even if it does run, it may not repeat anything close to previous $1,000 + records.
As you know the bitcoin trading fundamentals are different this time than last few years. Before it was just a handful of exchanges dominating price movement. Now we got more worldwide government regulations, newer crypto currencies weaving their way in and institutional investment entities getting into the act. They're all bent on price stabilization which makes it less likely to see the run away price volatility like before. IMHO, This means BYSD is not going to be able to lean on bitcoin price factor the same way like it did early on. There gonna have to earn it on the revenues front, and that's going to take a long time to get PPS into a lengthy sustaining penny footprint.
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