Yeah but, 131 is ~1800 coins away. Fundamentally, nothing has really changed.
Yup, true. But slowly up we go... after leaving 131 behind, it should move veery fast.
Oh yeah, there is nothing stopping it after that. I've just learned to be a little more patient with BitStamp. You see how long it took to break through 130, right?
Additionally, it would seem to me there is alot of continued upward push. As bearish as I like to be, I still see nothing but "open road" ahead. Obviously one whale could send this whole thing crashing but as it stands, this looks to have some continued power behind it.
We are in an interesting phase of price discovery. Clearly a lot of coins are disappearing due to being put in a "savings account" and at the same time we are seeing more coins being used for donations, daily purchases, etc. I wonder how much the price will go up just based on more adoption via actual daily usage??? Really, that is an interesting question as Bitpay and the like are going to be doing the instant conversions so will be creating liquidity at the exchanges.
As the price moves up (and at times violently) we are going to see people call tops and sell. Eventually, I imagine there will be a reasonable distribution, but the early adopters will always hold a portion as they believe in the greater purpose. They will further most likely re-"invest" in Bitcoin in a variety of ways - e.g., legal fund, VC, etc.
Just considering the current float of 11 million or so and the fact that the actual float is probably less than half that, I really would not be shocked at any price this year between what we are at currently and even $1000. I don't care so much about the price, but it is still a very interesting thing to consider as we are still trying to understand what this is...
Kinda hard to be wrong with a prediction range of 130-1000.
Seriously though, without any really bad news, (major USG type news) I can't really find much fault in this analysis. Speculation of course, but fair. For me it's the same, really too soon to narrow down the "silver bullet" to the rise as so many new things are taking place. It may very well be just a perfect storm building of incoming capital, aftermath of the convention, confidence after Dwolla and Liberty, may well have a positive affect soon. Not sure how well Gyft sales are doing but there is just a ton of little positives that seem to be adding together nicely.
For you bulls, I have to admit, there is much to cheer about or at least be optimistic about in the short term. Mid-long term is anyones guess but for now, enjoy the fact that I can find no legitamate FUD to spread around.
Nothing really stopping you from running up to 137, what's the deal? I figured with all the bullish talk, you'd be selling your