No gut feeling needed.
Bitcoin has built-in price breaks, and once difficulty stops rising, you will see the effects of those price breaks:
https://bitcointalksearch.org/topic/miners-running-costs-must-pass-trough-exchanges-this-limits-the-bitcoin-price-414657
When difficulty stops rising, this will be a signal that mining is no longer hugely profitable, and that most of the new coins mined will cost in electricity close to their market price. This mins most of them will be going on the selling side on the exchanges, and this huge new daily supply will push the price down. 3 to 7 months from now.
Topic: $1200 Bitcoin by the 2nd week of January 2014 (Read 6633 times)
Prevision fail 
One more day. Not looking likely. Get the cross and the nails... 
I got nothing to be worried about, i have already a safe investment in BTCs from long ago.
I got it wrong, hope no one lost money on this.. wishful thinking eh?
It's always fun to try and predict prices, but most people predict on "gut" feelings, not news or technical analysis. For us to have reached $1200 something very newsworthy would have had to happen. There would have been to may bands of resistance to break on the way up otherwise. When we get back to the $1000 level on Stamp, there are some huge sell blocks to chew through (yes, I know the blocks are moving you techie people).
Next prediction?
We are going through a minor crash, bitcoin will hover around $700-$1000 until the end of January. I expect another big climb towards the beginning of February.
We will see how the news plays out. If bitcoin hits above $1000 for a few days, i would then not expect it to fall below that.
One more day. Not looking likely. Get the cross and the nails...
I got nothing to be worried about, i have already a safe investment in BTCs from long ago.
I got it wrong, hope no one lost money on this.. wishful thinking eh?
It's always fun to try and predict prices, but most people predict on "gut" feelings, not news or technical analysis. For us to have reached $1200 something very newsworthy would have had to happen. There would have been to may bands of resistance to break on the way up otherwise. When we get back to the $1000 level on Stamp, there are some huge sell blocks to chew through (yes, I know the blocks are moving you techie people).
Next prediction?
One more day. Not looking likely. Get the cross and the nails...
I got nothing to be worried about, i have already a safe investment in BTCs from long ago.
I got it wrong, hope no one lost money on this.. wishful thinking eh?
One more day. Not looking likely. Get the cross and the nails...
Some one seriously need's to generate a bitcoin bidding site.
Go in, pick a date, say 15th of each month. and people submit a payment to claim a bTC price. End day you take average overall for that day and closer person win's the pot
would be fun
Idea taken, no stealsies people!
Go in, pick a date, say 15th of each month. and people submit a payment to claim a bTC price. End day you take average overall for that day and closer person win's the pot
would be fun
Idea taken, no stealsies people!
i heard that there is such a service but cant remember the name
This idea was developed and launched over two years ago as a site called Spaculator.
I see now that the site is blank though, and I'm not sure when it was decommissioned.
Here's a little more info: https://github.com/spaculator
insider
*Update
The reason for the estimate:
1) Everyone is cheeky and cheery at the moment because of the holidays, putting all economic problems aside. The same problems exist within the US and worldwide. Bitcoin will be actively sought out and talked about This will play into the key rise of bitcoin.
2) Bitcoin is rising in popularity through media coverage, which will only gain momentum
3) Several introductions of trading sites, and the widespread acceptance through merchants
Now, there are a few downsides to bitcoin:
1) Alt-coins, may confuse and hinder the market all together causing a meltdown (Highly unlikely in my opinion).
2) Security. The question that is on the back of everyone's mind. If i put my $2000 usd check and convert to bitcoin, will it stay secure. (Not necessarily volatility, but genuine security of the bitcoin encryption system)
- If bitcoin is conveyed as secure and stable, you will see huge huge increase in acceptance. I'd think by now, that is well-known within these forums.
*Update
The reason for the estimate:
1) Everyone is cheeky and cheery at the moment because of the holidays, putting all economic problems aside. The same problems exist within the US and worldwide. Bitcoin will be actively sought out and talked about This will play into the key rise of bitcoin.
2) Bitcoin is rising in popularity through media coverage, which will only gain momentum
3) Several introductions of trading sites, and the widespread acceptance through merchants
Now, there are a few downsides to bitcoin:
1) Alt-coins, may confuse and hinder the market all together causing a meltdown (Highly unlikely in my opinion).
2) Security. The question that is on the back of everyone's mind. If i put my $2000 usd check and convert to bitcoin, will it stay secure. (Not necessarily volatility, but genuine security of the bitcoin encryption system)
- If bitcoin is conveyed as secure and stable, you will see huge huge increase in acceptance. I'd think by now, that is well-known within these forums.
January/February price will crash a little bit cos there are a lot of miners outside and buyers are lower than before
I have heard through the brother in law of an early adopter of bitcoin that one of the major banks is going to come out and publicly support, or back bitcoin in the near future. While this is exactly what a lot of bitcoiners do not want, it will also give bitcoin a lot more legitimacy in the eyes of the average person that is on the fence (or scared) to enter the bitcoin market.
Are we talking a major bank in the US? Or one in Europe or Asia? I seriously doubt any bank in the US will come out publicly support Bitcoin anytime soon unless they can more determination from the regulators about the legality of Bitcoin as a currency or commodity.
I have heard through the brother in law of an early adopter of bitcoin that one of the major banks is going to come out and publicly support, or back bitcoin in the near future. While this is exactly what a lot of bitcoiners do not want, it will also give bitcoin a lot more legitimacy in the eyes of the average person that is on the fence (or scared) to enter the bitcoin market.
It's slowly sinking again it seems
imagine he nails it after the fear settles over the public bank account closure at huobi, it could lead to a bull run over 1200 in this atmosphere of crackery
edit: was a much better chance of that happening before the FUD train delivered. hopefully the pro - btc stance from Singapore will even it out
Hasn't Singapore always been fairly pro XBT? Their major exchange, itBit, seems to have went through all the legal routes to get open and accept new clients. Even got some VC funding.
Not seeing $1200 in the next few days. We don't hold this level this weekend we're back to the low $700's..
It's slowly sinking again it seems
imagine he nails it after the fear settles over the public bank account closure at huobi, it could lead to a bull run over 1200 in this atmosphere of crackery
edit: was a much better chance of that happening before the FUD train delivered. hopefully the pro - btc stance from Singapore will even it out
It's slowly sinking again it seems
Guess we missed this marker...
watch it climb, 900usd right now 1000usd by tomorrow morning then the big spike
It has to break through A LOT of resistance levels in the next week for that. I'm not saying it can't. I just think we'll see another pull back before we hit $1200. And I'm talking Stamp/BTC-e, Gox doesn't count!
If it hits $1200 on gox by the 14th I think the OP can have some bragging rights.
Hey, I am even impressed we are back at $1000 already.
We're still at $900 ($899 as of now)... Mt. Cox doesn't count. And as soon as we hit 1000 for real, people will sell
Lets wait one week and i think price will go to $1200 but after that it goes again to 800$
watch it climb, 900usd right now 1000usd by tomorrow morning then the big spike
It has to break through A LOT of resistance levels in the next week for that. I'm not saying it can't. I just think we'll see another pull back before we hit $1200. And I'm talking Stamp/BTC-e, Gox doesn't count!
If it hits $1200 on gox by the 14th I think the OP can have some bragging rights.
Hey, I am even impressed we are back at $1000 already.
watch it climb, 900usd right now 1000usd by tomorrow morning then the big spike
It has to break through A LOT of resistance levels in the next week for that. I'm not saying it can't. I just think we'll see another pull back before we hit $1200. And I'm talking Stamp/BTC-e, Gox doesn't count!
watch it climb, 900usd right now 1000usd by tomorrow morning then the big spike
Ur Dead Sammy, Ur Dead.
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