$500 BTCUSD by the end of 2018?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Standard bubble chart patterns indicate by the end of 2018 you'll see BTCUSD trading at around $500.
Bitcoin is finished. Confidence is lost. DO NOT BUY!
Bitcoin short still developing lower. If I had the stomach for spread betting or shorting the futures I would have made tonnes of money.
Away with your FUD :P
Doubt it,
it costs circa $6k to mine one Bitcoin.
Cant really see it dropping below its production costs.
tomwareham AlphaWolf-Prime
@AlphaWolf-Prime, Strange assumption, many assets fall below cost of production, just means it's no longer efficient or cost-effective to produce/mine anymore.
@tomwareham, Fair point my friend.
However, in its entire history this has happened only once, and that was following the MtGox episode where 1/5 of the circulating bitcoins were stolen and dumped onto the exchange on sync, causing a price crash and a lengthy shutdown of trading + investigations and seizure by authorities + weakened sentiment that followed for 16months. Can hardly call that normal market activity!

There may be a correction (long needing a bear market). But certainly doubt it'd drop that far down.

Or, it is just the first wave completed and went into a complex correction...
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