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.
Bitcoin is still on a short term view right now. There will be a day where bitcoin will start to skyrocket and right after there will be some heavy adoption announcement. There are way too many projects in the making right now the market is not representative of the potential here.
You should buy some at this range and hold for a good 2-3 years this baby is still at its youngest stage.