The fact is risto made a colossal fuck up in predicting 1 Million USD BTC price within 2014
Technically not yet, but in any case this wasn't anywhere near as colossal a fuck up as you claiming that making bad predictions is a crime.
That was a typo, he actually predicted 1 Million USD per Bitcoin by the end of 2013. (later he backed out and predicted $300,000. Don't be silly what he said was much worse.
The 10-30% weekly increase in adoption (weekly % growth of the # of bitcoin users), will turn this discussion completely ridiculous before the end of this month:
January: 10, February: 20, March: 40, April: 80, May: 160, ... December 20480.
Even the above contains more valuable advice than most said in this thread, although it is public knowledge that this kind of behaviour cannot just increase exponentially. It will go parabolic, crash, and repeat. Not only I believe it will go to $1M this year, I have not heard very many good arguments from anyone, what can hinder it
January: 10, February: 20, March: 40, April: 80, May: 160, ... December 20480.
Even the above contains more valuable advice than most said in this thread, although it is public knowledge that this kind of behaviour cannot just increase exponentially. It will go parabolic, crash, and repeat. Not only I believe it will go to $1M this year, I have not heard very many good arguments from anyone, what can hinder it
I am a perma-bull like you, but you are really overstating the trend!
It is indicating $200 by the end of 2013, $500 by May next year and $1000 at the end of next year. Still fantastic growth
http://farm9.staticflickr.com/8257/8705727117_15e8d4e2dd_b.jpg
XMR looks really strong in the market. I've been accumulating the past 5 days and seen with my own eyes the buy support grow from 60 to 300+ btc. Meanwhile the price is only up less than 50% from the bottom and still less than the average over time.
It is easy to see a continued uptrend from here.
It is easy to see a continued uptrend from here.
Monero price is not cheap even now, but it will not stay this cheap for long
http://barnapkinmemoirs.com/wp-content/uploads/2014/07/picard-facepalm.jpg
we're NOT hitting $1 Million this year.
Holders will be too horny not to Profit take and make a lot of money before the price is anywhere near $1,000,000
Holders will be too horny not to Profit take and make a lot of money before the price is anywhere near $1,000,000
Only about 1.5 million bitcoins in speculative (fiat-denominated) hands now. All the rest are owned by the likes of me, I am not selling any bitcoins below the long term realistic value of $300k/BTC (except in anticipation of a correction and purchase of more bitcoins).
Guess what, he sold well before that (600 dollars is a way of from 300 thousand dollars, no guys?? ) to by real-estate to refurbish.