Quote from: kurious on November 27, 2013, 11:12:33 PM

Quote from: MahaRamana on November 27, 2013, 11:07:32 PM

Quote from: maz on November 27, 2013, 10:54:45 PM

Anyone got any speculation for where we are headed in the short term?

Seem's like everyone's just so surprised we broke $1000 nobody planned any speculation for afterwards, and I need speculation.

Surprised ? Who ?

When it was crashing from 900 and we reached 550 USD I said : It will fall below 500 but 400 will hold. If 400 holds then we will hit 1000 USD within the next 10 days. And here we are 7 days later... All correct.

Expect more of the same, going up strong with some corrections/ crashes on the way. For exemple we maybe hit 1600 before crashing back to 1200, then resume rise.

I believe it can again double by the end of the year to 2000 USD. A more conservative estimation is 1500 USD by the end of the year.
In 2014 I believe we'll witness the bull through the 4 digits with the 5 digits in sight. When we reach 5 digits is anyone's guess but I personally see it happen within 12 months.

Your credibility is not in question, you have often been a good judge before - so I read this and think: Wow!

But some very bearish news could also crash it back to 300... unlikely tough.
Also a technological breakthrough that would make new quantum computers able to crack bitcoin would crash it's value to about zero.
It would be too easy if there were no downwards risks involved.
In our situation I consider the upside potential to vastly surpass the downside potential. But the risk to loose it all exists... as it exists if you hold USD on a bank account or under your mattress - or gold in a safe somewhere...