Quote from: mestar on January 15, 2014, 11:32:00 PM

Quote from: Dafar on January 15, 2014, 09:44:41 PM

Yeah.... $3k by end of 2015 is extremely disappointing compared to past performance. I would call this bad news

Since bitcoin in probably the only financial instrument where increase in price causes a guaranteed increased selling pressure, due to the fact that miners have to cover their costs, I would say that any strong past performance will actually cause the price to decline in the future, and not continue in the up direction.

So, if it stays at 1k at the end of 2014, this would be extremely surprising result.

I see. So what you're saying is that the higher the price goes, the less it is worth.