This is simply a mini-bear trap before the jump to $1k. At which the price will be sticky for the most of this year until a mega rally to $10k
That's kind of in the ballpark of my thinking too.. though I am thinking that we will float in the $750 to $850 range for a while.. and then BTC prices will shoot up to about $4-5K, then come back down to around $2k.. before the next phase to $10K-ish - which may be mid 2015-ish
y'all seem to be quoting straight from the various time series linear regression extrapolations that make the rounds in here... to quote the great chodpaba:
Personally, I am NOT trying to make anything happen. I am just making a prediction.. there is a difference between trying to make something happen and just predicting what you think will happen.
At the same time, I am NOT betting the farm on my best guess of a prediction, b/c I do NOT invest in that kind of balls to the walls fashion... My assets are somewhat diversified with all new investment funds going towards bitcoin... rather than going towards stock (which would have been my investment had I NOT researched into bitcoin).
I know you're not literally pushing for it to happen. I just can't see how people expect a sustained reversal of the crushing bear market we just left behind, a bubble, a correction, another sustained reversal / consolidation period,and then another bubble on top, all in less than a year's time, especially when volatility is overall slightly decreasing over time (slightly. Use long term bbw as a measure for example)
My address is located in my sig.