Yes I love threads like this, believers are disproved in less than a month or 2, the disgruntled non believers think they are right because they disproved the FHPers (FHP = FALSE HOPE POST) Oh lord, once 1/4 of this community begins to understand trading and how it works, and the bitcoin developers get off their ass and ceate a real demand stronger than its tradable value, this back and forth all year long between the FUDers and FHPers will never go away.
My thoughts bitcoin will see below 200 if it hits below 100 good luck, because it takes the chance to be destroyed before it has a chance to bounce back. Anything lower than 200 bucks a coin makes it completely non profitable to mine PERIOD, without miners you dream fades away. For you idiots who are gonna say well the bigger mines are gonna keep going, you stupid if you think that. if a small 1 machine miner cant mine without a profit and pay their bills what the hell makes you think a farm with 2000 machines can? they still have electric to pay. And if you seriously think these big farms keep huge portions of coins You even more stupid than I originally thought, we mine coins to make money, not because we are doing something usefull to bitcoins, we do it to make a profit. And if you honestly think the bitcoin developers are sitting on 20 PHS of mining power again your an idiot, they are not that smart, they cant even secure a demand for their coin, what the hell makes you think they were smart enough to secure it transaction processes.
I put half a million into bitcoin when it was at $650 and I'll put another half million into it soon .. I'm hoping the price drops to below $300 first :-)
Short-term price projection: $1,000 by August 2015
Long-term price projection: $10,000 by August 2016
GET IN WHILE YOU STILL CAN!!!!!!!!!
FIRST, I CALL BULLSHIT!!!!
what is your bitcoin address to prove you dropped 500,000 USD in bitcoin in June/July ( that is when it was 640 a coin) we want proof, I dont believe you, why dont I believe you because the market did not move to back your foolish statement up. thats why !!
HAHAHAHA I love posts like this, In july I saw a post that looked like this
Short-term price projection: $1,000 by December 2014
Long-term price projection: $10,000 by January 2016
Bitcoin will NEVER hit 10,000 dollars a coin so forget it !!! Its never EVER going to happen, it is not possible