Quote from: nkocevar on April 18, 2014, 01:34:08 AM

Quote from: MatTheCat on April 18, 2014, 01:22:54 AM

Quote from: nkocevar on April 18, 2014, 01:09:56 AM

How high do you think the saturation point is for bitcoin?

With all factors taken into consideration (demand, supply, hoarding, fake volume, pumping, dumping, hacking,):

It was $1200.

It is currently $496.

In the future it will trend much lower until or unless some kind of X-Factor has kicked in and takes it to the next level.

The two most recent Bitcoin bubbles have all involved it being used as a medium for capital flight. I expect more of the same at some point down the line. Exactly when, I couldn't possibly say.

Do you believe bitcoin will ever reach $10,000+ per?

You should probably know that mat is not the best person to ask for advice. He had single digit coins, snorted them up his nose through the silk road and didn't buy in till 700 or something like that. He is also a self-admitted shit trader and claims no longer to care about bitcoin.