Target the lows 280-275 in the next 9-days.
Tim 383.45 last, 12:16PM EST 10/9/2014
As a trader I want to thank you for your analysis, they are valuable because they separate the emotional component from the charts, keep the good stuff coming!
In addition, Bitcoin accomplishes many things regarding security and reliability that these other payment systems cannot. As someone mentioned, it removes the middle-man, reducing fees and making more safe. Applepay, credit cards, etc. hold user data in a database. In turn, these databases are prone to attack because so many people's info can be obtained by hacking a central database. With Bitcoin there is no database of user info, and hence, nothing to hack. Bitcoin has a known quantity that cannot be altered by any central entity, so it is predictable unlike "dollars" and not subject to inflation. Bitcoin allows for the user to have complete control over their money and transfer it anywhere at anytime in any manner without fear of confiscation or holding of their funds, despite any restrictions on transfer by governments or other institutions. Bitcoin allows for the "unbanked" all over the world to have near instantaneous and direct contact with buyers, sellers, creditors, etc. where they had none before. This was impossible until Bitcoin and none of the payment systems you mentioned even attempt to solve this issue. That means that Bitcoin economy can be far more global than even the "dollar". Bitcoin has perfect divisibility, meaning that it can carry more precise pricing information required for improved resource allocation.
There are far more things to mention about Bitcoin and uses than I have listed... there is currently a tremendous amount of innovation in this area. Bitcoin is not just another money transfer system.
Namecoin has already done this but also may be built on-top of the Bitcoin blockchain through MasterCoin or Ethereum, or something similar... but Namecoin is used as a distributed DNS. That means that it is not regulated by a centralized ICANN, which is pretty much controlled by the US government. In this way, no government or other entity will be able to restrict access or shutdown certain internet domains because they don't like what is there.
Bitcoin has been called "The Internet of Money". The foundation of the WWW is TCP/IP. The vast majority of things you interact with on the web are applications for this protocol. HTML, browswers, filesharing sites, youtube, email, etc. Bitcoin is a protocol, the TCP/IP of this new technology and there are in the works many interesting applications.
Do you really think all of us nerds would be going crazy to grab every bitcoin we could just because someone invented what amounted to nothing more than digital money? Bitcoin has the potential to have an impact on our lives an order of magnitude or more beyond the internet.
Here I agree, the blockchain technology is something fascinating and a great break through.
I'd suggest you review all of Tim's charts though, and maybe do some research on his credentials. You're not talking to your averaeg bitcointalk wall observer dweller, respect the man and his body of work.