Why Bitcoin will not go past $1000

[adamstgBit]

According to Petko Draganov bitcoin isnt worth paying attention to unless it is doing 200 billion a day in volume. Assuming bitcoin will be worth paying attention to the market cap will have to be well into the trillions to support that.

all this is telling me is that Petko Draganov is a buyer at 300,000$ bitcoin

[Gimmelfarb]

According to Petko Draganov bitcoin isnt worth paying attention to unless it is doing 200 billion a day in volume. Assuming bitcoin will be worth paying attention to the market cap will have to be well into the trillions to support that.

all this is telling me is that Petko Draganov is a buyer at 300,000$ bitcoin

i'm all for weighing both sides of the situation here. but who the hell is Petko Draganov, and why would i possibly care what his position is? he some sort of economist? 

[oda.krell]

Bitcoin value is easy enough to model. Magnitude just boils down to assumptions:

http://honestnode.com/bitcoin-fair-value-a-first-assessment/

Edit: tl;dr: $27,381 / BTC on relatively conservative success-case assumptions.
Fair value today depends on your analysis of the reasonability of those assumptions, and your estimation of the probability that the success case will happen.

And a discount for when it will happen.

[atc1]

According to Petko Draganov bitcoin isnt worth paying attention to unless it is doing 200 billion a day in volume. Assuming bitcoin will be worth paying attention to the market cap will have to be well into the trillions to support that.

all this is telling me is that Petko Draganov is a buyer at 300,000$ bitcoin

i'm all for weighing both sides of the situation here. but who the hell is Petko Draganov, and why would i possibly care what his position is? he some sort of economist? 

Lol,this question right here. Who is he and what experience does he have? Also,it's a wonder that BTC is at what levels it is today. It's come very far in a very short time. As long as there is more adoption,and there are speculators in the market,it's value will keep going up and down. So,yeah...