Why WON'T it hit 100 this year?

[lebing]

It seems pretty obvious to me that it will. Anyone have a good reason why it won't?

[gimme_bottles]

why don't you ask proudhon, he might know

[move_zig]

In this chart, the 2011 bubble is about 5 squares tall. The current rally is only about 1.5 squares.

I hope the price levels off here for several months, but I could see it hitting $100 in this rally.

[Spaceman_Spiff]

Lebing , you are doing it wrong, your post title should be "bitcoin won't hit $100 this year" 

[move_zig]

In this picture, I've shown what a run-up in price similar to 2011 would look like starting from the bottom of the current rally.

This is for comparison purposes only. I don't mean to suggest it will play out the same way.

[proudhon]

why don't you ask proudhon, he might know

Here I am.  Why won't it?  Because I say so, that's why.

[lebing]

why don't you ask proudhon, he might know

Here I am.  Why won't it?  Because I say so, that's why.

Thanks for the confirmation 

[Grouver (BtcBalance)]

The higher the price gets the more psychological undoauble it gets for people to buy just 1 BTC.
So comparing the June 2011 rally with now is a little bit off since there is a huge difference between a rally from $1 to 31 and $10 to $100~.

[twolifeinexile]

The higher the price gets the more psychological undoauble it gets for people to buy just 1 BTC.
So comparing the June 2011 rally with now is a little bit off since there is a huge difference between a rally from $1 to 31 and $10 to $100~.

That means the volatility could be relatively smaller, which is good thing.