With $1000 in the not too distant future and the ensuing sell off (I'm sure many consider this a psychological target to sell 20-50% of their bitcoins for profit, if only to re-invest after the drop).
The question is: after $1000, just how far do you think BTC will drop back? Could we see the days of $500 from August again, or are we stable above $800-900?
With this mentality of not believing that bitcoin can reach higher plateau of price range and remain there what chances do we have of ever reaching ATH far beyond $1000?
Bitcoin is not FIAT, with inflation and centrally steered value, BTC is designed to be deflationary. Why people can't understand this?