gandhibt
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November 08, 2013, 02:38:03 PM

A rough estimate:




This is pretty much spot on.

not yet, I think. We're still in March if you make this comparison.


Would someome pay $1,000 for a currency he cannot practically use for the next few years? I think this runup may be somewhat limited this time. It gets harder for BTC to continue annual multipliers of 10-20x.

$1000/1 BTC is just ratio which comes from that there can be only 21M coins... We can start to talk about mBTC's... Bitcoin price is determinated mostly from public/investors believe of how fucking groundbreaking tech bitcoin is in the future. It is and has evolved very fast and this and many other things are creating these believes which show in price today.

There will be major correction, but price can climb to $1000 and over before that.