The price of BTC always oriented in the past on the price to mine it. Because there were more miners, so they did not sell BTC with a loss. You can read that at the charts from 2011 and 2012. That fair price would be for end of june about $200 and end of december $400 (ask me per pm for my detailed calcs with a speculative factor of the difficulty, if you you want to share your calcs)
If you count buying new hardware for marketprice and getting a breakeven after one year (cyclus of hardware development; moores law etc) than i calculate about $650 rising every month about $50 in media over one year.
Nowadays there are alot more speculaters, which are driving the price up and down. And that what we see now.
Topic: Bitcoin now at $600 and will never go under this price again (Read 5591 times)
I hope you are correct, but I doubt it. Weekends are usually tough on BTC and right now the black hats seem to have a bead on a lot of exchanges and other BTC infrastructure sites. Without some good news, BTC can easily crack 600 short term, though I'm still positive on the long term, I like that second market exchange idea they are working on.
Second Market is planning to put "hundreds of millions" into Bitcoin. That small amount will be play right into the bot traders.
I hope you are correct, but I doubt it. Weekends are usually tough on BTC and right now the black hats seem to have a bead on a lot of exchanges and other BTC infrastructure sites. Without some good news, BTC can easily crack 600 short term, though I'm still positive on the long term, I like that second market exchange idea they are working on.
It's in danger of going below $600 right now as we speak. $616 at bitstamp and going down.
It's amazing how quickly the contentless threads in this forum turn from "Bitcoin is dead!!! Sell now!!!!" to "Get on board the choo choo!!!! BTC a billion by May!!!1111!!!!"
OMG Really 1 billion... thats it im selling the house, the family, and living in a box so i will become a trillionare... thanks for the heads up !!! shift+1 !!!!!
As predicted, we're (slowly) moving up. Bitcoin needs a few days to stabilize itself before moving to another price region, and the good news is we won't go back to that one 
Right now, we are playing the waiting, until we have a valid confirmation of the Gox Question.
Until then, it will be from 450-550. If gox comes back up, we might see 800+ within a month or two. IF IT Doesn't, then flat 450 maybe to 380.00
Until then, it will be from 450-550. If gox comes back up, we might see 800+ within a month or two. IF IT Doesn't, then flat 450 maybe to 380.00
As someone who just deposited $2000 into an exchange, I'm trying to figure out what price I should buy Bitcoins at. This fluctuation in price makes me nervous. Obviously I'm in this for the long haul, but buying at say $300 or up to $600 to $800 would have huge ramifications down the road if Bitcoin hits big numbers.
The more I read, the bigger my headache and indecision gets, LOL!
Do I wait or do I buy now? Well, in a few days when my money hits the exchange.
550 Its a good medium, But right now the market is waiting to hear any real news from Gox.
We wont go under 450, if don't get news from them.
Right now, we are playing the waiting, until we have a valid confirmation of the Gox Question.
Until then, it will be from 450-550. If gox comes back up, we might see 800+ within a month or two. IF IT Doesn't, then flat 450 maybe to 380.00
Until then, it will be from 450-550. If gox comes back up, we might see 800+ within a month or two. IF IT Doesn't, then flat 450 maybe to 380.00
As someone who just deposited $2000 into an exchange, I'm trying to figure out what price I should buy Bitcoins at. This fluctuation in price makes me nervous. Obviously I'm in this for the long haul, but buying at say $300 or up to $600 to $800 would have huge ramifications down the road if Bitcoin hits big numbers.
The more I read, the bigger my headache and indecision gets, LOL!
Do I wait or do I buy now? Well, in a few days when my money hits the exchange.
Right now, we are playing the waiting, until we have a valid confirmation of the Gox Question.
Until then, it will be from 450-550. If gox comes back up, we might see 800+ within a month or two. IF IT Doesn't, then flat 450 maybe to 380.00
Until then, it will be from 450-550. If gox comes back up, we might see 800+ within a month or two. IF IT Doesn't, then flat 450 maybe to 380.00
The opposite is true. As soon as those criminals will have been definitely gone, the next wave up can start.
Right now, we are playing the waiting, until we have a valid confirmation of the Gox Question.
Until then, it will be from 450-550. If gox comes back up, we might see 800+ within a month or two. IF IT Doesn't, then flat 450 maybe to 380.00
Until then, it will be from 450-550. If gox comes back up, we might see 800+ within a month or two. IF IT Doesn't, then flat 450 maybe to 380.00
Hugest price prediction fail
It's a pity the rebound has started, I was hoping and praying for a crash all the way down to $100 or less before starting its rebound 
that was never going to happen.
Yea, I guess he is one of those people they call 'pigs' in the market vernacular.
If you had said "bitcoin is now at 600 and its daily average will not go below this" then people would be less able to give you crap over small movements.
Seeing Coinbase at $490 the other day caused a frantic spastic drooling mad rush to buy.
I got a bunch, and so did several friends in that 30 minute window. Good times.
-B-
I got a bunch, and so did several friends in that 30 minute window. Good times.
-B-
We are going to be around 450-550, for a while, unless we get very good news.
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Actually this sort of reminds me of last year around this time doubters panicking and the price dropping then the fun rally that starts it a month or two later 
$300~ bottom
then pump in March
then pump in March
As above, the thread title was very specific
Anyways, I am leaning towards thinking $400 was not a bottom. Even if that is the case we may not see new lows soon, buying pressure is surprising, considering Mt Gox situation, imho.
Anyways, I am leaning towards thinking $400 was not a bottom. Even if that is the case we may not see new lows soon, buying pressure is surprising, considering Mt Gox situation, imho.
Guess it would floating 500 to 650 range. expect around for 3 weeks. then see how it come...
Gox is not over yet.
I think we haven't seen the full effects of Gox yet, traders have attempted to factor in the news, but the general Bitcoin population is yet to come.
Rally from new money coming in to replace the lost coins
Rally as Gox is taken over.
Despair as Gox is declared bankrupt
etc.
I think we haven't seen the full effects of Gox yet, traders have attempted to factor in the news, but the general Bitcoin population is yet to come.
Rally from new money coming in to replace the lost coins
Rally as Gox is taken over.
Despair as Gox is declared bankrupt
etc.
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