Quote from: Pente on December 12, 2013, 08:30:04 AM

Looks to me that bitcoin keeps trying to get above $1000 and then losing support. I think we may have to wait at least a few more months for the infrastructure to grow a new price foundation before we get any serious growth in prices again.

So basically guessing around $950.

That being said, I am wrong more than I am right. Which is why I only buy and hold. I am good at investing (seeing the fundamentals), terrible at speculating (anticipating herd behavior).

This sums up my experience as well.

Only two events worry me long-term with bitcoin:

1) The wide-spread acceptance and use of a crypto 2.0 like Ethereum is the only development that I believe could set bitcoin back.

2) Massive unloading of bitcoin by the minority that own the majority of existing bitcoins.

Of these two, I think the first is the only real worry. (Even if a minority unloaded bitcoin, this would only corrode the value of Bitcoin in the short term).

odetopsyche

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