Quote from: Hot Carl on May 11, 2015, 10:29:12 AM

Quote from: OROBTC on May 11, 2015, 05:29:11 AM

OK the general gist I read in the $1000 thread was that many (but there was big diversity of actions many would take) would cash-out most of their BTC were it to read $1000. Maybe re-buy on bounces, etc.

$1000 seems a modest long-term price to me. I'm not a seller at a measly $1000.

Of course 1000 is modest. It's already been that value before and bitcoin is getting bigger every week in terms of adoption, though I am surprise it hasn't gone to anywhere near that price again. If we say bitcoin will achieve 1k in two years time then maybe it will be 5k in five years. Just my speculation but things have been moving slow. We need something to give bitcoin a boost.

We're somewhere near the bottom of the longest bear market BTC has ever seen. Bull Markets in this space don't take nearly as long to launch fireworks. Might not need to wait 5 years to see 5k.