Quote from: mufa23 on December 10, 2013, 05:20:37 PM

I wholly believe that if you invest in Bitcoin RIGHT NOW you can easily expect a %300+ profit by this time next year.

While I agree, I had to laugh at the way I read this in my head, using a Billy Mays voice.

That being said, such phenomenal growth is within the realm of possibility, but people need to be willing to "ride out storms" like the one that happened just this weekend. Additionally, I think that with legal protections will come increased acceptance and reduced volatility, so these types of "storms" will become less severe over time.

Quote from: jcoin200 on December 10, 2013, 07:43:27 PM

I think 10k does sound high, but when you think about how much it has grown with still a relatively small amount of people using it, I think its possible. Just imagine say Facebook or some other mainstream business starts to integrate BTC into their payments. Bitcoin use could double, even quadrouple overnight. I really think that is what it will take to push BTC beyond the 1-2k limit.

This is an excellent example why I think legal protection is the next logical step for Bitcoin, because businesses are at least half of the equation for broader acceptance and no business owner I know will deal in something without the possibility of prosecuting someone who stole it from him/her. Additionally, business want to pay their taxes correctly, so as to receive the protection I just mentioned. That being said, they need to know how to pay taxes on Bitcoin sales, meaning better defined rules are also needed.