So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.
Ask me what I thought was a shitty investment on January 14,2015.
You sister's Certificate of Virginity?
The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000. There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.
I would certainly agree that a fairly solid bottom is forming at $220, but it tends to look a lot more wobbly when you're about to risk your own money. I'm not sure if that part about the bubble is accurate. To get that kind of money into Bitcoin we'll need some serious adoption by users as well, not just traders. And if that landslide is triggered who knows where we will end up. But I don't see much sign of that kind of adoption yet.