$5 very well may be an important resistance/support zone before moving up (like $1 was early last year), but I can almost guarantee that a move away from $5 will not be like last year's move away from $1. I think a strong break away from $5 might, might, retest the 2012 high. And maybe, maybe, set a new high for 2012. But, I'm doubtful of a move to $10, to say nothing of a move beyond $10, this year; and regardless of how high the price goes during the remainder of 2012, well, you know what I think about that.
highlighted a few key words their
theirs no reason to think we wont see an other crazy boom in price. in fact i would say a huge boom up and over 32 is inevitable! Due to the self perpetuating nature of bitcoin(it really works!). It could take 10 years... but its going to happen.. 50$ a bitcoin only means 500 million dollar Market Cap... its really not that much when you think of the bitcoins global reach, and its utility (its e-gold, no not e-fools-gold, real fucking e-gold)
once you sold out it all at 10$ will you ever buy back if it never goes lower?
or will you part of the 99% that dont use bitcoin yes i know, my theory can't be backed up by fancy technical analyst, lol trolling is fun!
10 years is beginning to sound about right to me to sustainably make it up to and over the 2011 high.