For those who are sure what direction btc will go.
Gimme your crystal ball and explain me how to use it
Nobody knows what will happen, I myself am not sure that bitcoin will gain much soon.
I do not look at the history of the bitcoin value, i look at how well the financial world is doing.
The fact that the banks are back in the many millions salary mode for the top employees, does not mean alot of people are going to buy into btc.
Its kinda the opposite people hold the money, and fear spending it because of the so called crisis.
The only thing i see is the basically bitcoin has become a chinese business, with them having more than 60% in mining power and kinda every miner on the planet is created in china these days.
Ofcourse bitcoin could go skyhigh history has proven that, but was this high caused by demand or was it played the large trading markets ( example: mtgox )
If you read the history well you see many claim that some of these exchanges manipulated the market, some chinese markets where so obvious extreme high that you must ask yourself was it real or fake.
