Quote from: hashturbator on November 18, 2013, 06:08:56 PM

Quote from: Open4lies on November 18, 2013, 05:59:43 PM

Quote from: RachelManning1991 on November 18, 2013, 05:47:04 PM

I hope this blows up.. Like Jeff Berwick is saying these days, I bet it's going to go to $1mill
I know it's a bit outrageous

Yup, it is outrageous.
Better would be if amazon and other big online shops start accepting Bitcoin. Without it, the price cannot go much higher by pure speculation

Actually, I think we can go much higher on speculation alone: $1,000+ easy. There are tremendously huge funds being stuffed into BTC from very wealthy and powerful people. As price climbs, it encourages a much larger financial status/risk tolerance and pushes entrance out of plausibility for the middle class investment - many of whom already looked at BTC as a fad/bubble/ponzi/..or just simply hard to accept in concept; now telling them they'll need to cough up over $600 for a single BTC, they're likely to respond with the same, if not greater, level of reservations and skepticism.

If this train keeps chugging along, and we find a level of stagnation combined with still little merchant acceptance - Look Out!! Fortunately, merchants seem to becoming more privy - even the large ones - at what they have to gain by accepting the precious.

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