Old: bears post trite
New: bulls post trite
Anyone pulling numbers out of their ass is posting trite.
Old: any bear making price predictions is posting trite.
New: any bull making price predictions is posting trite.
Hint: I predict a meltdown, you predict a boom. Why is your post full of wisdom, while I am posting trite? My scenario is that bitcoin cant work, thus goes into single digits/cents. Your scenario (boom), cant be connected to a concrete price (or its much harder).
I'm not predicting a boom. I said disruptive and extremely volatile. I have no idea what is going to happen, but until something better replaces Bitcoin, I wouldn't bet against it.
I'm certainly not going to pull numbers out of my ass and suggest a time frame during which we will see those numbers.
Well and I am here to tell you that bitcoin cant work and thus WILL crash. 2014 is a conservative time frame (1 year), as the bubble has been blown up to enormous proportions already. We have already had enormous world wide media coverage. I dont see how you can reflate this bubble, thus I predict the crash to complete in 2014.