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.
Hey, he's still got a few days. Let's see what happens. We'll wait to crucify him until the 14th!
Looks like you are wrong OP.... 1 more week to get past this mini-crash AND break the 1000 barrier again AND break the ATH of 1200.... It's not looking very likely all thanks to China
But good guess
But good guess
you'll see, 1000usd by friday
Really really really doubt it... we're currently breaking through the next support level around 800 on BTC-e and Stamp. It's holding, but for how much longer? We either break through it and drop another $60-80 or we bounce off of it...next 12-24 hours will tell us...
Spikes usually behave in the same manner, here is my prediction.
As with April spike, price will correct, this time I think at around 500$ (being 450$ the target) and stabilize for few months before next jump. Of course, I could be wrong but I suspect good buying opportunities
As with April spike, price will correct, this time I think at around 500$ (being 450$ the target) and stabilize for few months before next jump. Of course, I could be wrong but I suspect good buying opportunities
Looks like you are wrong OP.... 1 more week to get past this mini-crash AND break the 1000 barrier again AND break the ATH of 1200.... It's not looking very likely all thanks to China
But good guess
But good guess
you'll see, 1000usd by friday
Looks like you are wrong OP.... 1 more week to get past this mini-crash AND break the 1000 barrier again AND break the ATH of 1200.... It's not looking very likely all thanks to China
But good guess
But good guess
-20% dump in the last hour...lol
It was about time, people don't invest in Christmas/New Year, generally volume is lower and everybody s busy enjoy the holidays
We should wait the end of January to see how this turns, Chinese Gov could restrict access to bitcoin even more
We should wait the end of January to see how this turns, Chinese Gov could restrict access to bitcoin even more
relevant, i knew this was going to happen
I think Christmas holiday bills and Chinese New Year in early Feb. have a good shot at keeping it below $1200. I also think that mining isn't profitable until $1350 for small to medium miners. Also, the technicals suggest a solid 4 month trough.
Bitcoin always surprises to the upside, so all things balanced out, mid-late March sees $1350.
Dark horse, imo, is if India starts with relatively mass arrests of anyone who ever traded bitcoin.
Bitcoin always surprises to the upside, so all things balanced out, mid-late March sees $1350.
Dark horse, imo, is if India starts with relatively mass arrests of anyone who ever traded bitcoin.
maybe , maybe not... but i dont think so
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
insider
Wanna bet? If you are right I will tip you, if you are wrong you can tip me. Jan 2014 is too early... $1200 was inflated due to a lot of false hype.. it will slowly get there again but I doubt there will be any incredible event in the next 2 weeks that will kick the price back up that high.
Edit-- I take that back, I didn't expect the year to start out so well lol
Do you know someone within the Chinese gvmt who said they are going to now allow BTC transactions with financial institutions??
My insider tells me its going to be 2k by Jan 15th.
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!
Makes a lot more sense than the $10 coin by mid 2014 prediction...
or 100 $
50k me someone just snagged 1100 btc @ ask...
Cool! We have bills to pay and hubby bought too many coins. Hopefully we can just wait until then to sell a couple.
Hopefully we can just wait until then to sell a couple. 
$40K. Winklevoss.
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.
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