this is pretty much a foregone conclusion at this point.

we talked it up to this point. to be honest, when it was first stated (around 2000-3000) it sounded ridiculous. it still is LOL. but it is feasible because we allowed the price to run up to this level, this early. besides concerns for sustainability, the potential risk of major retraction is just too great at this point.

so, we will certainly arrive at 10k. we will regret this decision I think; the bad press that will come from the retraction, if it happens, will be hard to shake for some time (they talked raw shit about bitcoin after MTGOX, it was almost like the MSM was making fun of us).

the bright side of all that, however, is that we will see 10k again, and the approach will be much more reasonable and sustainable. a permanent gain, instead of an illusory price floor.