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

[Elwar]

That little dip felt a lot like the dip we had when it went from $900 to $500 before evening out around $800 for a few days.

From there it climbed quite a bit.

$1,600 by the end of the year is very possible.

[fred1111]

That little dip felt a lot like the dip we had when it went from $900 to $500 before evening out around $800 for a few days.

From there it climbed quite a bit.

$1,600 by the end of the year is very possible.

It's likely to be more.
People talk to people they don't see most of the year during Christmas and new years eve. This effect is going to be priced in before the January 1st, leading to a bubble which will pop some time in January above $2000. Then we will be back hovering just above $1000 like today.

[Bitbuy]

well, I guess we won't be seeing 1600 USD then...

[Oldminer]

well, I guess we won't be seeing 1600 USD then...

How do we get a refund?

[redwoods]

Price continuing to drop like a turd 

[nwfella]

2 weeks!!

[Bitbuy]

well, I guess we won't be seeing 1600 USD then...

How do we get a refund?

Talk to Elwar, I'm sure he'll understand.

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.

[BCB]

Based on historical peaks and valleys the next peak will be $5000 before the end of Q2 2014

(This is not investment advice)

[Elwar]

Yep, that estimate was based upon this:




But the tip didn't happen, we got this:

[Bitbuy]

That can only imply that the tip still needs to come, right?  

[T.Stuart]

Can I ask just out of interest in psychological factors, out of those who think it's going back up to $1,600 by the end of the year what is the ratio of new people who missed out on the run up in November?

[piramida]

Can I ask just out of interest in psychological factors, out of those who think it's going back up to $1,600 by the end of the year what is the ratio of new people who missed out on the run up in November?

13.5%