it has popped twice, one from $900 to 500.. and just yesterday from $1200 to $800. why do people not see this? it was a crash, but it inevitably rebounded.

thats just too fast tho, they are called bear traps

once the bubble pops for real, we will have a few months of consolidation at low prices( like 50% lower than the ATH), much like the bubble pop from 266, only longer.

its going to take longer, because the market is growing and its taking more and more Capital to move the market either way.

 I bet your guess is right...   I also bet part of the run up was people holding/retaining/buying in preparation for black friday.

This is why it is absolutely fascinating to watch and help grow this thing in my own little ways.   Humble and proud to be part of it.

3k does seem like a pretty big hurdle and nothing grows forever (heat death of the universe is a bitch :-)).   That said, some of the thinking is that with enough money/liquidity it will become highly valued by those who want to move millions/billions around.   I can't see it solving that problem at 3k when a thousand coins can cause a big drop at 1k.

The value looks like a cork being pushed under the surface at $1000 and then bobbing up and down on Bitstamp.

I am trying to convince my self that we will see the price only going up but I fail to back my thoughts with real facts, it looks like we are loosing support and bringing the price under $1000 wont be that hard

Judging by the last couple of days - the chance of it staying flat exactly where it is now is probably not a safe bet.

That said - with such massive movements price has proved pretty resilient and seems to favor a default level over 1000....

I won't bet on it, and it's been pretty wild (and will continue to fluctuate) but it may have found a level - it could have been anywhere with the swings we've seen, but I can neither see 500 or 2000 right now.

The only thing I would venture is that my hunch is, once the market thinks a level has been reached, it will start to grow again.

Someone already quoted Nietzsche:

'That which does not kill me, makes me strong'

I think this applies - if it was going to hit the floor, it probably would have done by now - so, perversely, any stability around a market comfort with a value in a day or so's time, will produce growth from that point.

as a deflationary currency it either increases in value or disappears from this stage. Forever seems a very long time, but current and past trends seem to insist on an upward trajectory from here, regardless of blips and dips.
Ccmf.

Well, read rpietilla's post from November 10th quoted 2-3 pages ago and you'll see many suspicious things