Samuel Rae

Growth, currencies, gold, biotech
Samuel Rae
Growth, currencies, gold, biotech
Contributor since: 2013
Hi David
Thanks for your comment. The statement does not refer to bitcoin's current value, rather its average value since the sharp decline in December 2013. The decline bottomed out around $537, corrected to $937 and has since traded steadily downwards. At point of writing, the average quote across the major exchanges was, as you point out, around $440. I used an average of these three figures (weighted slightly to the downside to account for the time spent declining versus the time spent rising) to reach the value.
George, your article alerted me to STVS and today's action has validated your thoughts. Just a quick thanks--you have a new follower!
Atkins,
Thank you for your comment.
The social media industry is certainly booming. I agree with you on that point. Whatever the market says about a company however, fundamentals will never be irrelevant. Potential without fundamentals is mere optimism. I also know from personal (damaging!) experience that "killings" are only made when shareholders cash out!
Thanks for the heads up slam dunk you're absolutely right. I noticed this as soon as it was published and have submitted a correction request.
No problem Robert. As I mentioned I thought your argument was a compelling one. Rise or fall I'm looking forward to seeing how things will play out!