Topic: $300 Bitcoin "Guess the Price" Contest (Read 2749 times)
Keep the guesses coming. The Last day to guess is June 8th
Aug 1st will see 3 more difficulties.
1.37M until July 2nd (current)
2.5M until July 12
3.5M until July 23
4.7M until Aug 3rd
So in the middle of the 4.7M difficulty, BTC will need to be worth $80 to remain an equivalent difficulty:price ratio.
1.37M until July 2nd (current)
2.5M until July 12
3.5M until July 23
4.7M until Aug 3rd
So in the middle of the 4.7M difficulty, BTC will need to be worth $80 to remain an equivalent difficulty:price ratio.
How about I'm seeing 1.37 million difficulty as we speak.....
Aug 1st will see 3 more difficulties.
1.37M until July 2nd (current)
2.5M until July 12
3.5M until July 23
4.7M until Aug 3rd
So in the middle of the 4.7M difficulty, BTC will need to be worth $80 to remain an equivalent difficulty:price ratio.
1.37M until July 2nd (current)
2.5M until July 12
3.5M until July 23
4.7M until Aug 3rd
So in the middle of the 4.7M difficulty, BTC will need to be worth $80 to remain an equivalent difficulty:price ratio.
I have a highly scientific Bitcoin Value Predictor (dartboard) in my office. Using careful analysis (mean of 3 sums of 3 throws), I calculate $27.333333 per BTC.
145.89
i still say in a few years people will be amazed that we traded in whole bitcoins... its like the guy buying 2 pizzas for 10000 btc just last year
i still say in a few years people will be amazed that we traded in whole bitcoins... its like the guy buying 2 pizzas for 10000 btc just last year
I think it will be one of two extremes in the long run. Within 2 years Bitcoins will either be valued at under a buck, or they will take off and huge demand will outstrip supply equating to a price per bitcoin of over $300.
Opinions?
Opinions?
11$ the market will crash!
Markets are very irrational in the short term. Due to recent events my guess would be somewhere around $8 by August. Long-term I think BTC's will be near worthless.
I'll probably be labled a troll but whatever. I like the idea and the basic premise of bitcoins but the fact is it's an easily replicable model. I think this is the first incarnation of what will eventually be a feasible decentralized currency. Bitcoin is the guinea pig and we are learning a lot through this experiment. The analogy used in another thread was the success of Facebook. I don't see Bitcoin as Facebook but one of it's predecessors. Bitcoin is probably something similar to asian avenue. Next will come version 2 (Myspace). And finally the one that really takes off (Facebook).
I'll probably be labled a troll but whatever. I like the idea and the basic premise of bitcoins but the fact is it's an easily replicable model. I think this is the first incarnation of what will eventually be a feasible decentralized currency. Bitcoin is the guinea pig and we are learning a lot through this experiment. The analogy used in another thread was the success of Facebook. I don't see Bitcoin as Facebook but one of it's predecessors. Bitcoin is probably something similar to asian avenue. Next will come version 2 (Myspace). And finally the one that really takes off (Facebook).
I am anxoisly waiting to see where this opens if MtGox ever comes back online.
I'm saying $22.28
But, how the hell would i know?
But, how the hell would i know?
Yeah the average was around $10 maybe
Bitcoins are the most volatile things I've ever seen in my whole life.
The events of the weekend of early June will not be soon repeated.
I really think it's going to trend back down to the original 10 dollar price it was accepted at for months and months, and it might even stabilize there as more and more new coinage pours into the economy. The block count is whipping, when I started out it was like two solid weeks to the next difficulty, now it is more like 10-11 days, and you just wait, prospective miners are adding more and more machines by the second in the Bitcoin Gold Rush.
If it goes up, just wow... I can't predict it properly. You could write an economics thesis on what's happened just in this month alone.
It was never at $10 for months and months. The events of the weekend of early June will not be soon repeated.
I really think it's going to trend back down to the original 10 dollar price it was accepted at for months and months, and it might even stabilize there as more and more new coinage pours into the economy. The block count is whipping, when I started out it was like two solid weeks to the next difficulty, now it is more like 10-11 days, and you just wait, prospective miners are adding more and more machines by the second in the Bitcoin Gold Rush.
If it goes up, just wow... I can't predict it properly. You could write an economics thesis on what's happened just in this month alone.
Continue the guess's here. I see a lot of Higher ones. I doubt it will be able to rebound that high
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At noon what time zone?
In any case, I'm going to throw down an estimate.
$68.40
In any case, I'm going to throw down an estimate.
$68.40
Agreed, if this thing takes off there is no telling what one Bitcoin will be worth. $1000, $10000, More?
6 Million Coins for 6 billion people 
I think when governments get comfortable with the idea of bitcoins and people feel like its a safe way to send money all around the world we will all be on yacht forums debating which boats to buy.
I call this one
http://www.youtube.com/watch?v=iMIF2GrdL28
I think when governments get comfortable with the idea of bitcoins and people feel like its a safe way to send money all around the world we will all be on yacht forums debating which boats to buy.
I call this one
http://www.youtube.com/watch?v=iMIF2GrdL28
Link Fixed, sorry
I personally think it will consolidate around $15 or so then shoot back up to the high 20's. As more people get involved the volatility will slow down. Volatility occurs when there are only a small number of users selling large chunks.
I'm gonna make this call. $200 per Bitcoin by the end of 2012. What do you guys think.
The supply is limited and there are billions of people online.
I'm gonna make this call. $200 per Bitcoin by the end of 2012. What do you guys think.
The supply is limited and there are billions of people online.
Bitcoins are the most volatile things I've ever seen in my whole life.
The events of the weekend of early June will not be soon repeated.
I really think it's going to trend back down to the original 10 dollar price it was accepted at for months and months, and it might even stabilize there as more and more new coinage pours into the economy. The block count is whipping, when I started out it was like two solid weeks to the next difficulty, now it is more like 10-11 days, and you just wait, prospective miners are adding more and more machines by the second in the Bitcoin Gold Rush.
If it goes up, just wow... I can't predict it properly. You could write an economics thesis on what's happened just in this month alone.
The events of the weekend of early June will not be soon repeated.
I really think it's going to trend back down to the original 10 dollar price it was accepted at for months and months, and it might even stabilize there as more and more new coinage pours into the economy. The block count is whipping, when I started out it was like two solid weeks to the next difficulty, now it is more like 10-11 days, and you just wait, prospective miners are adding more and more machines by the second in the Bitcoin Gold Rush.
If it goes up, just wow... I can't predict it properly. You could write an economics thesis on what's happened just in this month alone.
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