800 is too low. I'm expecting 1000 December/2016.
If you consider $800 to be low, then the current price is fantastic price for you, right? But let me tell you something, the current price is already on the higher side. The price can't be kept up for much longer.
It's Christimas time, people want to buy gifts, and to buy gifts they need money, and money is Bitcoins. A lot of people looking for BTCs, price increasing to the moon!
Ok, let's assume people will use Bitcoin as preferred currency to buy all their gifts, then the coins that are being spent, will make the payment processors dump an equal amount of coins exactly at the same time. Merchants don't keep the coins. In that regard, the price will be much better off when we just keep holding our coins.
i think you are not grasping well how it work, if someone buy at $701 it will not dump at $701, but at $702, then you have another one who is forced to buy at $702, because this is the last price settled by the last dump and thus the last price of the market, this new guy will dump at $703 and so on, and this will lead to a price increase in a very long run, this si how i see it, so people buying is always a good thing, it does not matter if they dump to buy their stuff later
