My predictions following the crash are totally wrong because I fell into the same trap as everyone else - using the past to predict the future - Newsflash, it doesn't work! If we were talking about a mature market, which was totally commoditized, then my prediction involving the removal of all the bubble money before it starts again would make sense .. BUT ...
We have 2 months of big news bringing people with money into bitcoins. Every one of those people wants to make money, and as such, were interested in getting in early. Early is defined differently depending on your viewpoint. Its $2 for old times, its $20 for people like myself, and its $140 for the new people.
If the price is $70 - its dirt cheap and we know its going to at least double in the near future, so is a good investment. We also have the likes of Max Keiser talking about $100k bitcoins, so every price is cheap at the moment - so why wait?
I really think we are going back to $200 by the end of May - if not the end of April - and its only going to get more volatile!
$1000 by Xmas is still an evens bet!
