Bonavest
Long

Bitcoin Price Prediction Summer 2014

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
4402 5 18
Based on MtGox Daily Price in Logarithmic format... It shows a pattern of price spikes spaced out evenly every 7 and a half months. Will this pattern repeat this Summer? If so, this is where I think we will be.
hahaha you need crystal ball
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kinda shows how the 30%/month trendline was initiated with a bubble breaking well past it back in 2011, I agree with your prediction and am thinking new ATH around $10,000 before settling back to $5,000 around your same time period
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Bitcoin has doubled bottomed weeks after each major bubble/crash. I don't see why this time it would be any different, in fact catalysts for corrections are far more abundant this time as regulators have bitcoin on their radar. I would expect to see 500 prices before 1200 on btc-e/bitstamp.
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You should lower your extreme high expectations. Bitcoin is no underdoog anymore. It was widely in most newspappers once. I see a slower grow than before but still a grow....Plus we had a hughe ramp-up in Oktober 2013 and November 2013. And the reasons have changed. Also because there is much more money needed to got to the next level. If we see a steady 10% increase per year that would be better and also get people from the Stock Market into Bitcoin. A fast climb and sharp correction is not doing any good longhtherm. Plus there will be 1.3 Million additional Bitcoins that enter the market, that's 1 Billion USD. That needs to be absorbed.
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more money will be needed to maintain a 30%/month increasement, the network effect will have no problem breaking it either once we get the "mainstream" bubble, until then 30% seems modest to me
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