Quote from: beetcoin on December 17, 2014, 06:43:18 PM

Quote from: g27wr on December 17, 2014, 06:28:01 PM

Quote from: inBitweTrust on December 17, 2014, 06:08:46 PM

Correct, which means that one should expect the following:

1) Market expectations cause a bubble before halving - early 2016
2) If the rate of adoption is steady state expect BTC to be worth at least 2x current value
3) Because of market psychology expect the bubble to actually skyrocket BTC 4x to 10x in value before capitulating to sellers cashing out and crashing between 40-60% . I.E. 350 bubbling up to 1400-3500 and crashing shortly after to 560 to 2100
4) This all assumes another grim year for BTC in 2015, there could be deflationary bubble before than fueled by adoption alone. If So than item 3 still applies in 2016 because of basic supply and demand.

If you understand the technology and believe in he viability of Bitcoins growth (even short term based upon momentum alone) you should be buying as much as you can at any price before 2016.

Yes, yes, yes, and yes. Anything under $1,000 is a steal, IMO. I buy little chunks on a regular basis to keep growing the pot.

are people still saying this? that's what has been said for the past year.. no one knows whether it's a steal or not. there are no signs showing that bitcoin will even reach $1,000 ever again.

In the eyes of people who know what Bitcoin is, we're in the early stages. In the eyes of the world, we're in the extremely early stages. I don't have to tell most of you on this board that the potential is huge, it's just a matter of waiting to see how things play out. There is no doubt in my mind, however, that we'll see much more than $1k / coin.