On Sat, Jun 27, 2015 at 3:19 AM, Venzen Khaosan <venzen@mail.bihthai.net>
wrote:

>
> That is a false assumption. Given the increased adoption of Bitcoin by
> users and businesses during the past year, does the price chart
> reflect greater value or price? Of course not, the price chart is at
> terminal lows. Fact not fiction.
>

You're not taking speculative cycles into account. For most of 2013 the
price was in the $100 range. Adoption as a store-of-value is what
determines the price over the long term, as with any monetary commodity.