if it turns out as predicted, $50000 by march 2017 would be plausible.
That would require a mountain of real people to suddenly throw vast amounts of their hard earned money at something almost all of them still know zero about.
Theories and fractals and friends are all well and good but don't play along with the real world.
seems the chinese know pretty damn well about bitcoin
they have $30 trillion to throw at it.
They don't even need 1% of that.
Bitcoin can't stay this cheap forever, there just isn't enough bitcoin for all of us to own 100 bitcoins. something has to give.
Either adoption crawls to a stop or the price goes through the roof (and with through the roof i mean $100,000+)
It's one or the other, there's no other way.
So which do you think it will be?
Signs are hinting at adoption continuing and therefore in my opinion the most likely outcome is that we will see 4 or 5 digits pretty soon.