Calling it: Peak of $1,600 by the end of the year

[Elwar]

The price will peak at $1600 then fall back down to hold steady around $1,000 for several months.

Let it be known.

It is so.

[wobber]

The price will peak at $1600 then fall back down to hold steady around $1,000 for several months.

Let it be known.

It is so.

Sent to all my friends. Let it be known.

[XxionxX]

And so it was written.

[Xendrios]

I think it'll go higher :-) 5k+ a pop

[Shallow]

Heh. Not going to happen.

[smoothie]

lol well i tend to think my forecast of $400 by the end of the year will be quite conservative.

[Operatr]

lol well i tend to think my forecast of $400 by the end of the year will be quite conservative.

At this rate it will be $400 by days end tomorrow 

Gox hit $320 a minute ago

[Zangelbert Bingledack]

$1600 would be surprising, but only mildly. The key thing here, in addition to China, is that the BIT took off. That was the x-factor: are people actually buying the BIT or is it just languishing? People are buying, bigtime ($15 million invested in 6 weeks so far). Now that it has a track record of big gains, more will pile in. This is going to be huge, as a severe coin shortage happens due to them all being vacuumed up by Second Market, and it will manifest as a sort of organic series of little panic buys as we have been seeing.

Take a deep breath and let it all in. Double check your security because the bullseye on your stash is growing exponentially as well.

[mvidetto]

Could be $1600, I mean what happens when there's no more coins on gox to sell?  All the other exchanges will likely follow a giant price rise.

[alexeft]

To DA MOOOOOOOOOON!!!!! 

[Zangelbert Bingledack]

The growth rate we seem to be following now is the same growth rate we followed in Jan-March 2013: the price doubles every three weeks or so. We have 2.5 of these doublings left in the year, bringing us roughly to $1600 if the trend holds (and it did hold in Jan-March). 

[zachcope]

I fully expect a march up a mountain, then a flight into the sky, followed by a rocket launch to space, with subsequent trip to the moon, all prior to a visit to Mars, all of which is merely the warm up for a trip to another galaxy far far away...


              BTC
           BTCBTCBTCBTC
        BTCBTCBTCBTCBTCBTCBTC

[the_sunship]

I fully expect a march up a mountain, then a flight into the sky, followed by a rocket launch to space, with subsequent trip to the moon, all prior to a visit to Mars, all of which is merely the warm up for a trip to another galaxy far far away...


              BTC
           BTCBTCBTCBTC
        BTCBTCBTCBTCBTCBTCBTC

perfect lyrics to the new bitcoin rally song....!

[rocks]

$1600 would be surprising, but only mildly. The key thing here, in addition to China, is that the BIT took off. That was the x-factor: are people actually buying the BIT or is it just languishing? People are buying, bigtime ($15 million invested in 6 weeks so far). Now that it has a track record of big gains, more will pile in. This is going to be huge, as a severe coin shortage happens due to them all being vacuumed up by Second Market, and it will manifest as a sort of organic series of little panic buys as we have been seeing.

This is what I think most in the financial community still do not fully understand.

They are used to working with investment instruments like the GLD ETF, where if there is a temporary short of the underlying asset they just fractionalize it and create paper promises (example GLD holding little physical gold and mostly paper).

Bitcoin is not fractionalizable, this is a massive difference. Wall street of course will try to fractionalize it, but will get badly burned because there is  no central entity to bail out bad/risky decisions.

[Elwar]

We are still on track for this.

If we hit $500 in 10 days we will be about 2 weeks away from $1500-$2000.

It will reach that height, as far as the correction...I believe the Chinese influence throws those results into unknown territory.

[BCB]

Wanna bet?

[SheHadMANHands]

[bassclef]

And so it was written.

And as it is such, so also as such is it unto you.

[zachcope]

I fully expect a march up a mountain, then a flight into the sky, followed by a rocket launch to space, with subsequent trip to the moon, all prior to a visit to Mars, all of which is merely the warm up for a trip to another galaxy far far away...


              BTC
           BTCBTCBTCBTC
        BTCBTCBTCBTCBTCBTCBTC

perfect lyrics to the new bitcoin rally song....!

Please feel free to create it!

[zeroday]

get ready for $5000 in 2014.
Just don't miss all these sweet bear traps by the way