Funny, I am in the same boat. I bought a large amount of bitcoin at $650-$700 and I've been suffering ever since ..
We ride together or we die together.... bitcoin broz 4 lyfe!
There's been a minor pump? From 235-248 over night. I propose that we'll hit around $270 now.
I don't know about that. I don't think we'll see such a gradual incline. I think it will be an explosive jump in price followed by another gradual decline. That just seems to be the basic trend. I think what we're seeing right now are modest panic buying of a few new entrants to the bitcoin market. There is a storm brewing and it will get political and corporate attention and I think it could be led by the same people behind movements like occupy Wall Street.
I agree that there will be an explosive jump at some point. I don't know why there is all this talk of a storm brewing but I sense it too. It must be a lot of wishful thinking causing a lot of hot air.
Well the current average sits at $257. I still predict it to hit $270 and then fall back to around $240 -$250 as of the current trend.
Let's hope I'm proved wrong and it rolls over $270 with ease.