I was expecting the price to be around 800$ range. The reason why is a lot of basic infrastructure is getting put in place. Businesses like Tiger Direct and Overstock are accepting it. A lot mom and pop shops in the West Coast are accepting BTC. Lets not forget the Medical Marijuana industry. While in the East coast the snow ball effect is beginning. Automatic Teller for BTC. Something I am very proud of! Supernintendo Lawsky actually wanting to regular Bitcoin. Let face it New York won't want to tax it, if it not worth its while.
Talked to my attorney who was actually interested in BTC.
The infrastructure is vastly improving. Compare to 2009 which were little dirt roads. While now its paved roads. I am hoping by the end of year, highways. Next year hoover car highways.
Future news:
eBay and Paypal working on digital wallet.
Amazon looking into Bitcoin.
We know with fiat currency.
It's the ability for an ordinary citizen to acquire with convenience and trust that piece of paper will be worth something. While businesses and big businesses believing it has value. Let face it, it took the US government to not agree on budget two times with a sprinkles of government shut down and borrowing to devalue the worth of the USD and faith that the United States government to pay back it debts.
I believe whole hardly that Bitcoin will be the wave of the future. My belief system is listed below:
1. God
2. Bitcoin
3. Hardwork
Last place in 100th- US dollar
"Bitcoin" In God We Trust
Ok, lets clear out: Bitcoin is definitly not 100$ worth. If there was no greedy gambler last year, we would be around 100$, not more. Everything else that you count is not worth more. You call it infrastructure, i call it minimal acceptance worldwide. Ask in your neighborhood or ask friends, from 10 ppl with luck 1 know about something of Bitcoin, and, unfortunatelly they know mostly only the bad news. So from this 10% who knows, would not invest more then 5% money in this dangerous, incomprehensible medium Bitcoin. Just try it out, and you will see.
We are in year 5 of Bitcoin still in beta. Nothing worth to attract seriously investor, to invest a lot money in this lack of serious work "thing". I mean, 5 year, and still in beta? Dafuq? And just watch now the totally incompetent bullshit with mt.gox. Another reason, why possible investor will run far away...
And what you say about ebay/paypal is right, but they will not use Bitcoin in the digital wallet, how you get this wrong news? If paypal/ebay will use a coin, they will develope a own coin, like Amazon. So why you count them as an advance for Bitcoin?
I agree with your statement BTC is no where worth 100$. I agree with the statement with greedy gamblers. There are a lot of them out there. Although we need those greedy gamblers because the interested from the price of BTC is what makes headlines unfortunately. Anything worth interested and to accelerate growth has to have some underling value.
Yeah its true that not a lot of people know about bitcoins. Although if it appears on the news more often. It gives BTC free advertisement. Its up to people to differentiate what good or bad. Its an investment. Although experience investors will see the potential. People unfortunately are ignorant, but no one can help that. I put an perfect example is when the market crashed in 2009-2011 in the US. We believe that by investing in stocks and companies we were safe. The fact is there no safe investment if you plan to have a return on anything. Even the US government isn't safe anymore. Two government shutdowns,quantitive easing, and borrowing makes the USD safe?
Investors with the highest caliber are there to make money. They also have an understanding that there is always potential loss. MT.GOX is the cause of this whole problem which is sad. Although there risks. If everyone keeps a safe guard on there coins and transfer them out and in from there wallets when transactions need to be done. BTC ecosystem should be alright. The people who invest should have some sort of nesting basket in case of any invest goes south.
I believe eBay and Paypal wallets will include BTC in there wallets or some kind of trade to there currency. The market itself is huge and who would want to keep just eBay and Paypal coins or Amazon coins. Where you can only use them in one place. Amazon and eBay live off of transaction fees. They will do there darnest to make $$$ bills any which way they can. Why would they alienate the BTC community. It would be stupid on there part.
I would count ebay and Amazon because they are one of largest of transaction goods online. If Bitcoin doesn't work out. You think people would go for eBay coin which is only good at eBay. i mine as well get gift certificate from either merchant at that point.
Amazon and eBay move billions of dollars each month. Accepting BTC will only increase there bottom line. The only loyalty that a corporation has is the bottom line and its shareholders. Although if corporations use BTC. It will make our cause look a lot more "safe" and that it legitimate.