Quote from: TERA on December 15, 2015, 06:05:57 PM

Quote from: adamstgBit on December 15, 2015, 05:44:49 PM

Quote from: ImI on December 15, 2015, 05:42:47 PM

Quote from: adamstgBit on December 15, 2015, 05:38:55 PM

i really didnt think we'd see a full retarce so soon!

what if we really are >32,000 in < 2 years Shocked

no, but 5000$ is quite likely

then what?

i think we'll see 1000-5000 for a year or 2 and bam 32,000 crash down to 10,000 bubble of the year 2017

by 2020, we're back at 32,000 heading for 100,000.

if bitcoin is very successful we're taking ~1million a coin no joke.

I call max 20,000 before too many issues with scalability, government, and competition. Also, wherever the theoretical max is, the moon train dumping will begin well before then

I'm trying to get my head around higher price levels in the future and am thinking of it this way - Berkshire Hathaway (or google etc etc) launched at a price range that could attract general individual investors. Mom & Pop could buy a decent amount (though more than what early / insiders got it for). Then as it started to rise many individuals stopped being able to buy a big chunk of shares and could maybe get a handful. Eventually, with continued success and over time, it became part of fund managers portfolios and then part of institutional buying.

By no means a perfect analogy, but when I read back to 2011 the similarities are there. We're still at Mom & Pop stage with a lot more traders in the mix.