that's what people have been saying for about 2 months now, and nothing has happened. i'm still holding out on hopes, but maybe it will make a run. all i know is that big merchants accepting bitcoin has not resulted in a lot of people buying bitcoin, which explains why it hasn't skyrocketed yet.
It will take some time, all this good news results in Bitcoin's image turning from "silk road drug currency" to something more legitimate. This doesn't mean that people new to Bitcoin hear that Dell is accepting bitcoins immediately start buying them.
They might read a little about it, they find out that it's a lot more complicated than you would think at the first glance, then they might buy some to test it out like everyone does, then they get hooked, tell their friends etc. etc.
Yeah the ETF will be really interesting! Man, some investment vehicle for the people who like to throw money at things! That's exactly what bictoin needs. What is your expectations on when it is ready to hit Wall Street?
I think price-wise we will see a top around 4k-5k, maybe higher maybe lower.
However I do think the chance of going higher than 5k will be higher than going lower than 3k if you look at previous rallies. Ofcourse historical data isn't everything but we have seen in the past that when the price is rising fast people will panic buy to not miss out, even if the price is already unsustainably high.
... so amazon where are you?
