That was a good buy in point, but yah these last two days have been insane. I want to pick up some more if it dips below $2 but who knows if that will happen. I do see it in that range, but could hit $5 if more partnerships are formed or the network really starts mass implementation (past the testing phase it is in now). As far as bitcoins downtrend right now. the market is driven by a lot of emotion and kinda what is the "in" coin. I think Bitcoin still has a lot of growth ahead, but in the immediate future we might see more of a downtrend. The reason I think it still has a lot of room is because the brand name and the fact it is being implemented in many more real world use cases. We shall see though
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You name it, insane growth in the last days. But I am not too sure about it`s future. If coinbase adds it, it might see another impressive but short timed run up. But everything beyond the $3.00 range seems overvalued to me. With a value of $5 per coin the marketcap is in the range of Nestlé's for example. But let's see :)
I agree on the expectable BTC growth btw.
I am getting a feeling that ripple might replace bitcoin soon. I hope it doesn't happen.