Nice to be back, I did a little day trip to beautiful small mountain town called Ronda. So seems like we are going higher and rpietila still try's to talk crash here =) Well let bears be bears. Nice to see some real buying, been a bit quiet lately. When we break 1000 USD, there will be major media coverage. $999 is maybe a bit expensive while $1001 is cheap coins.
One thing rpietila said today:
"You know, we kind of decided that $900 is the cap for now".
'We decided...'?
Hmmm.... It's held so far.
Not for long.
They did already decide that we would have seen $300k by this year, and we all know how that played out so far
While $300k per coin in such a short time frame is plain and simply delusional (neither the infrastructure nor human psychology can support that kind of flash-growth), calling a bear market now is quite a risky move too. I'd say the truth is definitely in the middle: we won't see $300k per coin in the next few months, but we won't see either a bear market now that BTC has really attracted the interest of the real pro speculators and finance world.
This is no 2011, and the reason is simple: this time big money wants in, for real.