Quote from: zby on April 17, 2016, 08:36:18 AM

Quote from: Denker on April 17, 2016, 08:27:34 AM

Quote from: zby on April 17, 2016, 07:59:25 AM

Quote from: KenR on April 17, 2016, 07:41:28 AM

That's not how speculation works.There is a difference in guessing and analyzing.$10,000 this year will make instant millionaires crushing other economical investors.Not in the history of trades such event takes place,be practical.

A growth like that has happened 3 times already in bitcoin - in 2011 and twice in 2013. Now we are in a similar situation - the price was confined to a narrow range - while more and more people have been learning about bitcoin - the result is that any break out will be amplified - just like it has been in the 3 previous occasions.

It doesn't matter what and how often it happened in the past.
Do you have any idea how much money from outside would have to run into Bitcoin to reach that high price?
That is really unlikely to happen this year.
When you say it happens in 5-10 years I might be with you. But not in the next 8 months of this year.

It is not just 'it happened 3 times' - it happened in the same way 3 times. My argument is a model. An informal one - but it is enough for me. I have tested it three times and it worked - and that has a meaning for me. The scale is now bigger - but it does not change the mechanism. I don't say it will stay at 10000 though

it is obvious that 10000 is not gonna stay but reaching it is another matter, and those previous times the price rose had other reason's, which does not exist now.
and the important part is that in order to reach $10000 there should be a large amount of money invested in bitcoin everyday to push it that high and i don't think demand will be higher than $2000

you can always hope though