Well my opinion is a slow drop in to the lower double digits over the course of 2014, and probably through 2015. Looks like a sinking ship to me. I've been pretty bullish mid term in the past but with the whole Gox ordeal, my opinion is that its GG for bitcoin.
I very much doubt we will be seeing double digits and certainly over such an extended period of time what is it about the gox ordeal that will still bring the price down ?
I dont see any more catalysts for bitcoin going up. The average joe just doesnt care about saving a buck on a transaction, nor do they care about anonymity, nor do they transfer money across the world more than once in their life.
Pretty much everyone has heard of bitcoin by now, and that helped with the bubble to $260. And then, people learned about bitcoin and what it does in the run up last year. Now, what would possibly trigger another jump? People know about it and what it does. They dont want any part of it.
I have bitcoins and I dont use them for anything but gambling. If amazon accepted them, I still wouldnt (And I shop at amazon A LOT). I dont feel remotely safe having bitcoins on my computer due to how easily they are stolen, and I dont like transactions because its not reversible. Yeah, a better interface is totally possible but still, credit cards are easy.
Again this is just my opinion(obviously) and I dont mean for anything to come off as fact, "PROVE IT!!!"
I sure as hell hope I'm wrong though, as I HODL on to my remaining $380 coins.
* I suppose there are a few things that could trigger another jump (big investors) but even if that occurs, I still see it just delaying the inevitable drop to the lower double digits.
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