Quote from: Laketear on November 09, 2015, 09:46:51 PM

Quote from: RealBitcoin on November 03, 2015, 09:33:56 AM

Even if the price will make a correction, I dont think we will crash back to 150$ again ,that would be absurd.

Probably a retracement back around the 260$ levels and then probably take off again.

$150 will only happen when there is a disaster. The medium bottom is $250. If the price stays above $250 for another 3 month, the price could go to $600.

No one can know how it will be the price of bitcoin the next days or months. Maybe even after a year. All the predictions made have no basis because there are not data as it is needed to make reasonable prevision of its price in the future. There is only two secure and irreversible data: the limit of number of coins (bitcoins) entered in market in time and the limit of overall number of coins (bitcoins). These data theoretically testify and argues the high price of it in the times to come. But when or where are only suppositions without to much basis. No one can know the real demand (and its rate of increase) for bitcoin because no one can know the spread and the accept of bitcoin by the people in real time. There are not any institution which can measure such kind of data. Without this kind of data all the suppositions remain only words.

To not mention here other factors (such are the political ones) which can affect not less this price.