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I use the bitcoin as a currency. I earn the bitcoin by mining. Then I use the bitcoin to buy the online goods.
That is a very good cycle for the bitcoin. It helps the circullatioin of the bitcoin and the final adoption.
When many of us use the bitcoin, more people will know about the bitcoin then the price will rise again.
After the Bitfinex hack, I think the bitcoin price will rise slower than expected. So the $700 can happen in October.
The biffinex hack did spoil a lot of fun for us holders. What makes me angry is that it has nothing to do or should have nothing to do with the price, since it's just 1 (large exchange).
Now the momentum is gone and i see the price go back to 500 dollar as an clear option now.
I dont think price can go below 500$. The demand and popularity of bitcoin is quite high that will not let the price
dip much. Bitcoin is now a stable currency.
