Topic: Bitcoin price skyrocket? (Read 2660 times)
Looks like Klondike here on the board.
i hope it will be rising like gold
Generate like a mowwa fugga.
tell me about it, i was watching the forum for a while when BTC was at a steady 4.85-5.15 for about 2 months. Decided to finance a FPGA board from someone on this forum. The months to follow, BTC skyrocketed up to $9 a coin....and I still owe 210BTC hahaha talk about bad timing
I cannot wait until they're 20$ again.
Like to see it drop to 6.5-7.
I would not be surprised if there's a bit of crash in the near term after hitting a solid $10--a drop of a couple dollars at least.
And hours later it drops a buck.
If you think that's high; some people already cashed in when it was USD30+/btc (http://bitcoincharts.com/charts/ - May or June 2011). And yes, it went up as high as that and it came crashing down. So no, no one will know what will happen to btc.
It looks like the only way is UP!
Maybe. But perhaps the upcoming supply drop has already been priced into the market.
It looks like the only way is UP! 
I would buy in big but I don't have the money. This is just the beginning.
I would buy in big but I don't have the money. This is just the beginning. 
Unlike most currencies, bitcoin prices rise and fall with demand. The supply is fixed and no government can print extra coins to fix a budget. Right now demand is high and the supply is expected to be halved late this year. That translates to increased value.
Your right that that is a huge jump. Welcome to bitcoin.
Your right that that is a huge jump. Welcome to bitcoin.
There seem to be a lot of startups in bitcoins: Bit-Pay, Coinbase. A little directional buying on top of startup and other publicity might propel speculation upwards.
I think long-term bitcoins will be considerably more expensive unless there is a catastrophe (regulatory crack-down, critical flaw discovered). This is necessary because the market cap is simply too small to support all of the likely transactions that will want to use the currency. However, I suspect there will be crashes in the mean time, and the chance of catastrophe is non-zero.
I would not be surprised if there's a bit of crash in the near term after hitting a solid $10--a drop of a couple dollars at least.
FWIW (very little).
I think long-term bitcoins will be considerably more expensive unless there is a catastrophe (regulatory crack-down, critical flaw discovered). This is necessary because the market cap is simply too small to support all of the likely transactions that will want to use the currency. However, I suspect there will be crashes in the mean time, and the chance of catastrophe is non-zero.
I would not be surprised if there's a bit of crash in the near term after hitting a solid $10--a drop of a couple dollars at least.
FWIW (very little).
I wouldnt be so optimistic, and I dont expect it to stay up for long...
This is rather vague. What sort of time scale we talking here?
I wouldnt be so optimistic, and I dont expect it to stay up for long...
Some reasoning to go with that would be welcome.
I wouldnt be so optimistic, and I dont expect it to stay up for long...
i see nothing in the way of bitcoin's ultimate success, save a cryptographic weakness.
Volatility due to LOTS of speculation may be bitcoin's biggest obstacle. If people can stomach that, volatility will even out as adoption spreads. Volatility doesn't bother me personally, I know it is to be expected. It is a small price to pay for what bitcoin has to offer the world.
I'd rather be paid in bitcoin.
TL;DR I say UP.
Volatility due to LOTS of speculation may be bitcoin's biggest obstacle. If people can stomach that, volatility will even out as adoption spreads. Volatility doesn't bother me personally, I know it is to be expected. It is a small price to pay for what bitcoin has to offer the world.
I'd rather be paid in bitcoin.
TL;DR I say UP.
I'll reply you after I check in my crystal ball.
No jokes, in short terms I don't know, but in long terms, you can be sure bitcoin will skyrocket
No jokes, in short terms I don't know, but in long terms, you can be sure bitcoin will skyrocket
I hope the BTC price will go up a little bit more.
I will then sell a small part of my savings to do a small investment in another rig.
I am gambling that the asics from BFL will not ship on time.
I haven't ordered a product from them yet. I will order at the last moment.
Sorry for my English, my native language is Dutch.
I will then sell a small part of my savings to do a small investment in another rig.
I am gambling that the asics from BFL will not ship on time.
I haven't ordered a product from them yet. I will order at the last moment.
Sorry for my English, my native language is Dutch.
Iam not a economic expert but this seems like a HUGEEEE increse in such a short time..
Correct 
During the past few months, purchasing bitcoins would have been a better investment than pretty much any stock share or commodity (well, except going short on Facebook with some leverage derivate perhaps
).Quote
Anyone knows if the price is going to go down sometimes, or will it just continue to raise?
Obviously it will continue to raise and drop over time. Remember, it's been over $30 in the past. But unless the entire Bitcoin concept somehow fails miserably (which I consider extremely unlikely), I am quite confident that in general (other than any small scale temporary ups & downs) we will see a huge, HUGE raise during the coming few years.Which is one of the reasons why I converted a significant share of my savings (formerly in euros) and stock investments, into bitcoins. But not so much because the amount of EUR or USD they will be worth - I hope I'll never have to swap my bitcoins back to fiat money anymore, and at some point in the future I can just pay my living costs in Bitcoin.
its probably unwise to put too much in at the moment- the market is small but growing. there are a few arbitrage operators trying (allegedly ) to move the market up then sell causing a fall and buy low!! however long term BTC can only increase due to the limit and increasing demand. when the authorities really catch on that its the end for their control over well everyone they will fight like cornered cats to stop it-but I do not think they can!. reg.
Iam not a economic expert but this seems like a HUGEEEE increse in such a short time..
Correct During the past few months, purchasing bitcoins would have been a better investment than pretty much any stock share or commodity (well, except going short on Facebook with some leverage derivate perhaps
).Quote
Anyone knows if the price is going to go down sometimes, or will it just continue to raise?
Obviously it will continue to raise and drop over time. Remember, it's been over $30 in the past. But unless the entire Bitcoin concept somehow fails miserably (which I consider extremely unlikely), I am quite confident that in general (other than any small scale temporary ups & downs) we will see a huge, HUGE raise during the coming few years.Which is one of the reasons why I converted a significant share of my savings (formerly in euros) and stock investments, into bitcoins. But not so much because the amount of EUR or USD they will be worth - I hope I'll never have to swap my bitcoins back to fiat money anymore, and at some point in the future I can just pay my living costs in Bitcoin.
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