Bitcoin Will Explode This Weekend; or How I Got Over My Fear of Public Shot-Calling and Challenged the Bros to Come at Me

Was initially going to post this as a response in @TheKing's excellent introduction to Bitcoin but figured a bumped thread would generate less discussion than a fresh one.

Here's my call for the week: BTC is at ~$950 (via Mt.Gox, Coinbase) right now (Wednesday morning), but will break $1,200 this weekend.

The Bitcoin Black Friday movement will be a real thing and the first legitimate display of its capabilities as an actual medium of exchange in the U.S. market (as opposed to the highly-speculative commodity-ish thing it functions as now). Remember that Bitcoin speculators trade primarily on the future of the future of the currency as a legitimate means of commerce; if Black Friday results are even moderately positive, as I expect they will be, the things will fucking blow up as speculators begin to feel more validated.

Who will be doing the actual shopping you ask? There's an entire emerging class of people who bought in at a couple bucks or less who have made hundreds of thousands, if not more. For these flush early adopters, Bitcoin is not just an emerging asset class/currency, but a philosophical tool that helps them live incrementally further outside the scope of the State. Look for these coin-rich consumers, who will go out of their way to make a statement with their patronage, to make big purchases on sites like https://www.bitcoinshop.us/ and apps like Gyft. Furthermore, the Bitcoin infrastructure will be well-oiled to help facilitate the Btcoin Black Friday holiday, with large exchanges like Coinbase a having transaction fee waiver holiday.

DISCLOSURE APPENDIX: I AM a totally interested party. Have made redonculously more money on BTC trading this quarter (inclusive of cashing-out along the way, not just paper gains) than I have at my job in IB. While I definitely see a long-term role for crypto-currencies, I would not be living in reality if I said the gains have been justified. That being said, trading on pure speculative group-think has been incredibly fun and a fascinating hands-on learning experience on psychology/herd mentality. Highly recommended.

Anyway, come at me bros. Let's hear some thoughts. (First one to not read this sentence and make a tulip joke will get shit on relentlessly, all agreed?)