by The Dharma Bum » Sun Dec 08, 2013 9:56 am
btc 720, holding steady since last report.
Recommend buy and hold. New orders that have been waiting to clear AML/KYC since the rush after the big price increase will hit the market tomorrow and Tuesday.
I think it's not unreasonable to suppose that the price will be reaching 1000+ again by the 15th. The bad news from China was a hit but if you didn't freak out and sell off all really was is an opportunity to increase your position at a discount.
That might not happen again this year. Analysts were saying 2000 by 2014, I think this projection is still reasonable despite recent developments and a LOT of bad press. Bitcoins seem to be weathering the storm so far.