Quote from: gogxmagog on October 08, 2015, 11:14:10 AM

Quote from: ProfessionalGoogler on October 08, 2015, 08:04:25 AM

Bitcoin transactions are forming a higher transaction rate on trading platforms and spikes indicate the price at $500 within 7 days.

This estimated value also considers the flow of positive Bitcoin talk, speculation and rapid new entries into the market.

Information fluctuations have spiked to a point of sharp crash or boom upword with the chance of no rapid activity being 2.1% based on past memberships to Bitcoin related material.

Sudden increased interest and attention always equal either a rapid negative or positive effect, depending on what may be considered negative/positive (in this case Bitcoin price going up or down).

False perceived success could push Bitcoin to $2000+ -- a price that could boom even further with a huge bust based on past Bitcoin chart patterns.

Gifting with Bitcoin has become something of a norm and interest in Bitcoin naturally grows around the winter times. (why the hell did you give me Bitcoin and what is Bitcoin and how do I use it what the fuck it has no government?)

Less activity in the outside world currently has a positive effect on Bitcoin since the Internet holds most of the valuable markets. (virtual markets and technology)

As the Internet grows in value, Bitcoin will, but as governments control more Internet, error on line 2. Buy. Buy. Buy.

I see you're new here.

Everything you mention above, in the first two paragraphs, describes accurately the environment right now. The part you get wrong is; these factors never have had any bearing on the price. Up down or sideways.

As much as we'd all love a giant spike I'm afraid those days are over. Possibly the halving next year will cause rapid incline, but realistically what needs to happen is wider adoption and regular real world usage.

I'm expecting slow but steady growth. Btc will be strongest if it develops into a sustainable self contained ecosystem. It's a long way from that any time soon.

These are my thoughts exactly. You can speculate all day and make 'educated gambles' trading it but the truth is bitcoin is nothing without an strong ecosystem. I'm bullish very long term as I see tons of applications for it especially in the financial world. Right now, bitcoin doesn't help the average person enough for them to use it.