BTC price short-term? | Bitcointalksearch.org

empoweoqwj

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Quote from: arepo on January 03, 2014, 10:19:18 PM

Quote from: BTCisthefuture on January 01, 2014, 08:08:08 AM

Anyone who thinks they can make a really good guess at the short term price of bitcoin is probably kidding themselves. its way to volatile to make a prediction like that.

you'd be surprised. there are methods which can do just that, depending on the price environment.

Definitely methods out there. Not free though

arepo

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this statement is false

Quote from: BTCisthefuture on January 01, 2014, 08:08:08 AM

Anyone who thinks they can make a really good guess at the short term price of bitcoin is probably kidding themselves. its way to volatile to make a prediction like that.

you'd be surprised. there are methods which can do just that, depending on the price environment.

empoweoqwj

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Knocking on the $900 door hard now. Once it breaks through, gonna go to $1000 to $1100 quite quickly

laris2

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CryptoCurrency Evangelist

I'd say it will fluctuate at those levels. 650-900$ still a way to go before another big jump

Salivan

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DiMS dev team

I want to be very bullish, but no we will stay below 1000$ through entire month
hope to be wrong on this

empoweoqwj

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Quote from: traderCJ on January 02, 2014, 05:03:59 AM

Quote from: BTCisthefuture on January 01, 2014, 08:08:08 AM

Anyone who thinks they can make a really good guess at the short term price of bitcoin is probably kidding themselves. its way to volatile to make a prediction like that.

baring any new negative news from other countries governments clamping down on bitcoin like china, india, and tawain have done in recent weeks. I personally would expect bitcoin prices to either stay stable or rise a bit in the coming 30 days. But keep in mind thats just a personal a opionon and it truly is hard to predict such short term changes in the price of bitcoin.

This. Bitcoin survives in a soup of hype and FUD right now. No one knows its true value. It has no fundamentals. It has no breakup value. It is an enigma. It is a commodity. It isn't a commodity. It is a currency. It isn't a currency. You can forget trying to price it. Mass psychology will govern its price. I don't even think it is reasonable to compare it with other payment services. It both far surpasses their capabilities yet can be duplicated with little effort. In short, unless you are a whale or have advance knowledge of hype/FUD coming down the pipe, don't bother with hard predictions. If you believe in the technology, buy. If you don't, better not hop on board.

We get it. Its unique, driven by mass psychology alone. But mass psychology is driven by sentiment, and sentiment is driven by news. I see a lot of good news in the next 6-12 months, so predict a big rise. Could be wrong, easily. But wasn't wrong the last 12 months.

traderCJ

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Quote from: BTCisthefuture on January 01, 2014, 08:08:08 AM

Anyone who thinks they can make a really good guess at the short term price of bitcoin is probably kidding themselves. its way to volatile to make a prediction like that.

baring any new negative news from other countries governments clamping down on bitcoin like china, india, and tawain have done in recent weeks. I personally would expect bitcoin prices to either stay stable or rise a bit in the coming 30 days. But keep in mind thats just a personal a opionon and it truly is hard to predict such short term changes in the price of bitcoin.

This. Bitcoin survives in a soup of hype and FUD right now. No one knows its true value. It has no fundamentals. It has no breakup value. It is an enigma. It is a commodity. It isn't a commodity. It is a currency. It isn't a currency. You can forget trying to price it. Mass psychology will govern its price. I don't even think it is reasonable to compare it with other payment services. It both far surpasses their capabilities yet can be duplicated with little effort. In short, unless you are a whale or have advance knowledge of hype/FUD coming down the pipe, don't bother with hard predictions. If you believe in the technology, buy. If you don't, better not hop on board.

dg2010

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Quote from: Elwar on January 02, 2014, 04:00:41 AM

Over the next month we will fluctuate between 600 and 900. Maybe a few exchanges going briefly above or below.

I agree.

Elwar

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Viva Ut Vivas

Over the next month we will fluctuate between 600 and 900. Maybe a few exchanges going briefly above or below.

empoweoqwj

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Quote from: Markov on January 01, 2014, 01:07:30 PM

I think BTC will slowly climb back to $1000, after that it's anyone's guess. IMO if hedge funds are buying in you will see BTC going much higher, it all depends on how much money is pumped in.

Investment firms in the US are preparing to enter the market in 2014. That alone will push the trading price to $2000 to $5000

Markov

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Breizh Atao

I think BTC will slowly climb back to $1000, after that it's anyone's guess. IMO if hedge funds are buying in you will see BTC going much higher, it all depends on how much money is pumped in.

jamesc760

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