My understanding - which is possibly incorrect and if so, please correct - is that the price of btc was around $900-$1100 just prior to the Gox failure. Was the rate of rise leading to the $1100 point considered a bubble? If so, what price range had been the stable foundation first before the price shot up strong to over $1k?
Do you measure the actual btc value from that baseline amount before the bubble rise and if that's the baseline, if we exclude the bubble and gox failure, and look at the price recovering from both, is it meeting that baseline or has it exceeded it?
I don't know what the actual amount is because I wasn't aware of all this back then. I was considering the market in terms of dynamics and Newton's Law - it'll keep doing what it's doing until something disrupts it. If the bubble/gox failure is the disruption, then the price prior to that would be where the market was naturally at...and compared to where it is now, is it steady growth or has it reached the break even point yet?
Do you measure the actual btc value from that baseline amount before the bubble rise and if that's the baseline, if we exclude the bubble and gox failure, and look at the price recovering from both, is it meeting that baseline or has it exceeded it?
I don't know what the actual amount is because I wasn't aware of all this back then. I was considering the market in terms of dynamics and Newton's Law - it'll keep doing what it's doing until something disrupts it. If the bubble/gox failure is the disruption, then the price prior to that would be where the market was naturally at...and compared to where it is now, is it steady growth or has it reached the break even point yet?
i'm not positive, but if i remember correctly in taking a look at the historical charts, we were closer to the $700-800 range before the Gox meltdown really unfolded.
