From what I see and what I have learned in the past, taking the $30 to $1 drop and $250 to $50 drop and now we see $1200 to $400something drop, It always comes out stronger. From the $30 to $1 it went to $250, from $250 to $50 it went up to $1200. What we see now is bitcoin wanting to break $2000. Lets just wait for Wall street to come in, heavy investors and we are back. I read an article where some financial guy was saying that in mid 2014's we will see bitcoin at $10. That is just not an option and it could never happen. The reason I think so is simply because people are proud. The people here, the hard workers that bring the coins forward and thus increasing the value are the community. We are the ones that will decide the price in the end, we are the ones who have spent endless of hours trying to improve, trying to help it go forward. I say that the value will increase when Wall Street enters the market, and it will not be in a bad way, but we have to remember to stick around, and all of us should just hold hold and hold out some more. We are bitcoin. Do not forget why you started out here, why you were excited about setting up mining rigs and just talking about the future, it is till there, and it is still bright. We just have to make sure and show the govt' and banks that we do not give up easily. Who is with me on this? Guys? I know that bitcoin is backed by the best of people, the creative thinkers and the market experts. Lets do this, nothing is more fun than a good old challenge!
You are correct, but it still took 2 years from 10 do 266, and it took half a year from 266 to 1200+.
That is okay, considering the % increase I can gladly wait until the end of next year, and I am sure that we can break $2000 by christmas 2014, if not sooner.All we need is to fix some things and to not give up.