Risto,

i'd love to hear your thoughts on the following valid points:

Quote from: warpio on August 15, 2014, 04:25:22 PM

Quote from: rpietila on August 15, 2014, 01:01:00 PM

I believe that the next one might carry us north of $10,000. The longer time we spend here, the more explosive it gets. The supermove from $2 to $266 (133x price appreciation) took 17 months. Extrapolate that with the starting point of $340 in 2014-4-11.

why do you ignore the very valid theory that the willybot manipulation was the main cause of most of the explosive growth up to $1200? And everything since then has been from people HODLing... it's very possible that the true price of BTC without manipulation should be still much lower than it currently is... I wouldn't bet the farm on it either way, I'm just saying...

Quote from: btcxyzzz on August 15, 2014, 06:06:57 PM

I'm starting to be pessimistic about it all, and I even think we may not witness next Bitcoin bubble in near future... Here's why:

Remember, previous Bitcoin bubble was fuelled mostly by Mt.Gox failure (someone artificially made USD credit on their site and was constantly buying) + "China is coming" effect. Those were 2 big (positive) circumstances, and it was pure luck for Bitcoin's price, so it wasn't too much about the real demand, it was about stealing and speculator's game.

just wanted to chime in... yes we had rallies and they were so pathetic compared to what willy managed to pull off... which only proves the above, that you need shit ton of real fiat to get there unless you have another mtgox fraud where a bot can spend imaginary dollars.. also adoption rate will take years for all those hoarded coins to get diluted..

Quote from: damnek on August 15, 2014, 10:34:23 PM

Quote from: exocytosis on August 15, 2014, 10:33:03 PM

Bitcoin rallies died when Willy went out of service.

We had a rally in the 2nd half of May