Quote from: piramida on April 16, 2014, 08:08:23 PM

Quote from: Newfeeling on April 16, 2014, 08:03:13 PM

Quote from: piramida on April 16, 2014, 07:24:10 PM

1300 is the most funny one, you have to not understand markets completely to consider such a high is possible at all. Once the ATH is broken, it's going to multiply in no time. News are just a vehicle for bitcoin price movements, nothing more.

So yeah, OP has quite a legit price range prediction. 4-7k by end of summer, then retraction to 2500.

Those price predictions you quote would imply a market cap of 50-100 billion if i'm not mistaken. Do you think we'll actually get to that point this year? Not trying to troll or be bearish; I'm genuinely curious about what you think would pump the market up to that point. The fabled wall street money due to hit early summer? Something else?

you must understand that a market cap of 100 billion does not mean somebody spent 100 billion on buying coins; it's more like 2-3 billion of actual money. thats the way it works with any commodity. so yes, I do believe there are several billion curious dollars waiting on the sidelines now. for what? no idea, I'm not a billionaire. a publicly tradeable fund, a safe and reliable storage method, maybe a personal money manager suggesting to diversify into bitcoin, whatever. It will happen when it becomes obvious that bitcoin is not going to die now.

Yeah that all makes sense and by no means am I disagreeing with you, I just have trouble sifting for answers that aren't biased by my bull gut.

I know MC only represents the total value of all existing "shares" or units of a commodity or stock at the market price, but it's still staggering to think that a 100 billion could be achieved after hovering around 5-10 for so long.The thought of getting to a face-value in the same club of Disney, McDonalds, Amazon is pretty damned exciting.