Re: Will the Bitcoin price ever drop back down to $500?

A month or 2 ago I would have said yes. In fact I had buy orders placed at the mid $500's because I really thought that Bitcoin will stay below $600 until early next year. Answering your question now, I could only tell you to look at the price now and look how strong it is. Does that look like it will go back down to $500 to you?

Yeah, we well remember how you had been claiming that folks were in denial if they expected the price to rise above $600 till the end of 2016. As it turned out, it was mainly you who were in outright denial back then. So what will your next prophecy be? Or will you refrain from prophesying altogether?

So as not to lose face again

As I mentioned before, please take what I say with a grain of salt. I will not refrain form "prophesying" because what you call "prophesying" is just speculation after all. This IS the speculation board of the whole forum, is it not? I am not afraid of losing face because I am not an expert and I have never claimed to be one. So take my "prophecies" as you will or just ignore them altogether. But that will not stop me from expressing myself.

Prophesying is not the same as speculating. Speculating (as in making guesses) about future (including future price of something) admits the possibility of being wrong while prophesying doesn't. In this aspect, prophesying is the opposite of speculating. Basically, it defies the existence of alternative outcomes. If we should have taken what you had prophesied with a grain of salt, we would have had to treat you as a clown (nothing personal here). And I guess many thought of you this way exactly. Whether it is a speculation board is irrelevant, but what you actually say is...

It is a difference that makes the difference

Take of what I said as you will and see me as you will too. I do not care. It is your right and I do not judge all of you for it. The wrong thing to do is trying to discourage a person from expressing himself simply because he or she made a mistake. Get off your high horse as if you have not made a mistake yourself.