This prediction would seem more probably if it were directed towards 2014.... Even I have my doubts about whales/manipulators being able to keep BTC prices as low as the prediction in 2014, but they would have a hell of a time keeping us from having a new ath - once BTC prices surpass $850.... which could happen this year.  ONce BTC prices get past 850, the new ATH is all over, and then we are likely to have BTC prices move into the $3k to $5k territory...

New ATH may NOT happen until 2015...  but it is certainly NOT out of the question for 2014, either...

You are stating the obvious, and there is some kind of logical fallacy with your rational... (but I do NOT know the name for the logical fallacy.. NOT off the top of my head).

Even $50K per bitcoin is going to make BTC pretty mainstream, and $500K per bitcoin is even more mainstream (10x more).  You may be correct that $500K per bitcoin is a bit ridiculous to achieve - however, NOT for the reason that you stated b/c even at a much lower than $500k price, the assumption is that BTC becomes increasingly mainstream which causes it to increase in value (what people are willing to pay for it).

I was too late to get in my prediction... and  this contest with a prize was a great idea...   NOT TO be too critical, but for ease of reading, you should have written the BTC price predictions in ascending order.. rather than chronological order... I like the idea though of a prize...

For shits and giggles:  I'm gonna guess $2,748.20 - after having had peaked in the $4,350 area in early 2015.. then BTC gonna have some up and down price retracement during early to mid-2015... and to maybe bubble again in late 2015 into the $6969 price arena.

You may be correct with your instinct that there are status quo forces that do NOT want regular people getting rich and they do NOT want redistribution of wealth.  I would NOT place those suspicions on the government - b/c the government is merely a vehicle that can be used by the people or by the rich... a problem, is frequently the government gets co-opted by status quo wealthy forces... but suggesting "the government wants" is a way of misunderstanding the forces at play... b/c the government is NOT inheritantly bad.

Back to the substance of your comment:
There remain wealthy and status quo forces that do NOT appreciate some of the redistribution of wealth that has already taken place through bitcoin.  They do NOT have a choice , and they do NOT like it, but some redistribution of wealth has already taken place.  Some of the newly wealthy through BTC are going to be able to hang onto their wealth, but others are NOT so smart or sophisticated to realize how to hang onto their newly acquired wealth or are NOT sufficiently omnipotent to  know how to manage their newly acquired wealth.  NONETHELESS there remains considerable potential for further redistribution of wealth for those who enjoy sufficient foresight to recognize the potential of bitcoin and to continue to invest in bitcoin while there remains considerable potential upside. 

In this regard, bitcoin is democratic and open to all to invest at whatever portion of their income is possible and accordingly, there will be little choice of the status quo and additional wealth is going to be redistributed to people who are able to HODL BTC in the coming years.    Surely, there will be come wealthy that get on board and are able to manipulate the wealth distribution of BTC in their favor.. but still quite a few regular (and techy) people should be able to receive some of this BTC wealth redistribution... b/c I am thinking that it is still early days, and even if BTC does NOT go to $500K, it has a pretty decent chance to go to $10K and beyond in the fairly near future.... and the status quo financial institutions are likely NOT going to be able to stop it.. even though they will probably make some lame efforts to try to stop it.

Even projections of $10k in 5 or 10 years is extremely optimistic and a very good investment.  Normal index fund stocks are usually projected to double in value in 10 to 12 years. So, if BTC is able to achieve another more than 10x appreciation in 5 to 10 years, those are very good value projections.

Ok... I won't fight you on that one.   I may even join in on the lobbying efforts to petition to attempt to get those two things placed back into the modern-day smart phones (extending external antennas and cups - maybe even analogue dials, while we're at it     ).

I will repeat that I have a sneaking suspicion that there is going to be an attempt to close the Weekly MACD in the red.... which is going below the $570-ish level by Sunday night (is that when it closes?)

Nice to get rid of the external antenna on those...

I have been thinking that $5K or $50K are possible in the next few years; however, $500K is some other level shit, and surely it is possible, but maybe like Burt W suggested, such a price may NOT be too sustainable for a lot of reasons or even feasible until something like 20 years from now.... and by then, who knows what the state of the crypto world is going to be... we may be in for some real surprises.. if we are so lucky to be living 20 years from now.

Yeah... must have been Obama... fuck!!!!!



NOT



Blaming Obama seems to be way too simple of an explanation for anything government related, and blaming him regarding a solar cell company... What?.  (now blaming him for a bad joke or putting his pants on backwards may be another story..  ).    Regarding governmental issues, there are institutions and there are a variety of forces out there... causing and effecting... besides some simple blame-Obama scenario.  

Although I agree that alt-cryptocoins can be a place for innovation, Based on the market, your conclusion about the stagnant state of BTC seems incorrect.  BTC's share of the market cap continues to grow, while all of the others put together are NOT really taking any meaningful market share from BTC.  This may show more of the demise of LTC rather than the demise of BTC.  In conclusion, BTC seems to continue to hold its own, pretty well, and so far.

Yeah... actually, I looked up the word b/c I had NOT seen it previously, and I was trying to give him some benefit of the doubt by merely characterizing his comment as a "hello."

I take it that you may be bored with the current bitcoin price situation, and that could be why you felt some need to chime in with clarification and additional observations from your viewpoint?

That is how I tend to invest into BTC b/c i have less than 10% of my liquid investment assets in BTC; however, there are quite a few BTC investors that have put nearly all of their investment into BTC - and some have gotten very wealthy with such tactics...

I will take that as a "hello".   And, hi to you,  Nanobrain. 

You and I have had some difference of opinions in the past, but to each his own, and currently, I am thinking that there may be some attempt to try to turn this week's MACD candle red, before it closes out (on Sunday?) before we thereafter may be ready to choo choo a little bit into the upper $600s maybe later in the week or possibly into the following week.

Speaking of candles... it is funny that the Weekly MACD had been red for much of the beginning of the week; however, it appears that this week's MACD is NOT going to  close out red - unless BTC prices go below$570.... What U think?

Yeah, but if it was merely a flash crash (upwards), then that's NOT likely going to have any meaningful long-term effect is it?  Or do those kinds of fat finger incidents create news?

So what is your investment timeline?  And how many do you want to accumulate?   

I am different from you but also similar to you.  I am different b/c at this point BTC represents less than 10% of my total liquid investments.  I am similar b/c almost all of my new money is going into BTC, so my BTC percentage will be increasing. 

I am hoping that my total BTC allocation is going to increase based on BTC appreciation - rather than based on my continuing to invest fiat into BTC.....  but I am willing to continue to invest fiat into it, so long as it remains a viable and apparently appreciating asset...  Only time will tell how the portions of my assets will be redistributed, yet the sooner the better that I would like BTC value to represent more than half of my liquid assets... again hopefully based on BTC's appreciation.

That's the one thousand dollar question.  I tend to believe that there are going to be a couple more bubble b/c nothing is really coming forth to replace BTC... NONE of them has even come close to BTC's market cap, yet...

So what was the highest purchase price for BTC and what quantity at that price?

looks like they fell into the cargo room and were NOT prepared for take off... hopefully, no injuries had ensued...