Quote from: ManBearPig on December 18, 2014, 01:18:50 PM

Quote from: youngmike on December 18, 2014, 12:45:14 PM

Soon the great btc tulip mania is over

Bitcoin going under 100$ and never going back up where it was

Leaving believers to believe, traders, investors and corporations moving on

Silly me bought more over $100.

Pity I didn't get the chance to cash out over $1,000. Oh wait...

Congratulations you forced me to bring this account out of hibernation.

No-one's moving on believe me. There is plenty of money waiting for the right price. It's just that this is nowhere near it.

This week there were other ways to make money like selling Rubles against the dollar on leverage. Even shorting Bitcoin was never going to match that. Hell the whole US stock market just saw its biggest one day gain of the year.

Investors, traders, speculators, ETFs will join in the next bubble. Fanboys will keep the price from zeroing though.

There will come a point where the perfect mix of widespread acceptance, clear regulations and mature infrastructure will make the price look a steal. I suspect we need to see Bitcoin 2.0 before then. I don't believe another cryptocurrency will steal away Bitcoin's thunder. That's 5 years of work and drama to get where we are now. Then you will see a spike like no other. When will that be? A couple of years away perhaps. Just be ready and don't miss the boat.

Disclaimer: I currently hold no crypto for the first time since 2012. I have my target price for Bitcoin though.