Quote from: JamesBrown on January 28, 2015, 10:01:51 PM

Quote from: ParabellumLite on January 28, 2015, 09:59:30 PM

I stick at a stabilizing price around 50 dollars in 6 months from now, although it might end up as high as 100. This price level however is unsustainable. Bitcoin is getting more ancient with the day, with development being nearly non-existent and being overtaken by crypto 2.0. At some point, a lot of the people here that are religiously devoted to Bitcoin will realize that, but only when it's too late. The sad thing is that the people that will realize it too late will be the bagholders that bought at 3xx+ prices. Those people will take the hardest blows, without any opportunity to recover.

As for the short term: in 3 weeks time (before Chinese new year) we'll likely be back at 150, if not lower. Could happen in a matter of days, but we'll see.

who's surpassing bitcoin in terms of developers engaged? Are you crazy? Follow the money...
Crypto 2.0? How about we see crypto 1.0 before that?

Ripple's XRP would be one, although the Ripple system is much more than Bitcoin will ever be. I'm not aware of the size of the development team behind BitsharesX and NXT, but something tells me those still outnumber the number of people that work on Bitcoin. There has hardly been any true development on the Bitcoin protocol in a long time.

Quote from: Dilla on January 28, 2015, 10:01:51 PM

Mainstream is just getting used to the thought of Bitcoin and crypto.

Ah yes, and adoption is 'ever increasing' right? Bitcoin is dying: it has been dying since December 2013, and it will keep on going in the same direction for months to come. The reversal in the bear market won't happen overnight, as some of you people that are deeply underwater seem to think. Rather, it will take months for Bitcoin to properly stabilize. No such stabilisation is taking place now and 'the mainstream' you are talking about only exists in your head. The average Joe is NOT interested in Bitcoin. Don't tell yourself nonsense just because you've invested into this thing.