2013-11-24 simonwinder.com Bitcoin – How high can it go?

[Cunningham]

Bitcoin – How high can it go?

http://simonwinder.com/2013/11/bitcoin-how-high-can-it-go/

In this article, I examine the possible investment upside of virtual currencies, and Bitcoin in particular. I then discuss some of the threats that investors and adopters must watch out for during what is likely to be a rapidly changing landscape full of opportunities for drastic success and failure.

If you read the article, you will see a very interesting price estimate ...  

[LiteCoinGuy]

0 or XXXXXXXXXXX, we will see 

[bitbouillion]

If that much money went into Bitcoin, the price would be $39,000 at today’s count of coins in circulation.

Old wisdom says: for every buyer there is a seller. Money does not go into something, it just changes hands. If a few people are selling/buying a small fraction of the float at 10% premium compared to last price,  the whole thing goes up by 10%.