BTC value at the end of May | Bitcointalksearch.org

Come-from-Beyond

legendary

Activity: 2142

Merit: 1010

Newbie

Quote from: arlekyn13 on May 12, 2013, 02:03:48 PM

I think, as many others, it should be traded at around $1000 per coin. I have a weird feeling some smart (and potent enough) people are doing a very good job at keeping the price this low in order to accumulate more and more bitcoins for when the time will be for it to be traded at $1000 or even more.

Ahahahahaha! U r the best!

arlekyn13

sr. member

Activity: 288

Merit: 250

I think, as many others, it should be traded at around $1000 per coin. I have a weird feeling some smart (and potent enough) people are doing a very good job at keeping the price this low in order to accumulate more and more bitcoins for when the time will be for it to be traded at $1000 or even more. When we talk big money, a 10X price increase it's just huge numbers that aren't passed so easily by the big sharks.
However, current events such as the coinlab vs mtgox claim or the closure of bitcoin-24.com (was the largest EUR market after mtgox if I'm not mistaken) and bitfloor, did have some impact on the price. To be honest, I'm surprized the market stabilized at $110-115, I was expecting it to be rather in the $40-50 area.
So, to conclude with my estimation, it will be around $125-$130 by the end of the month.

cryptopi

full member

Activity: 168

Merit: 100

Want some pi with that?

I am guessing $160

Bubla

newbie

Activity: 10

Merit: 0

150

anrieff

newbie

Activity: 8

Merit: 0

I'm guessing on $120.

cptdome1

sr. member

Activity: 386

Merit: 251

around $110 looks to be the spot. last 24 hours has been pretty tight range

Cyberdyne

hero member

Activity: 630

Merit: 500

$133 +/- $133

mt_bird

newbie

Activity: 28

Merit: 0

$100 +/- $100

datascape

newbie

Activity: 49

Merit: 0

Over $9,000! Grin

Seriously though, maybe around $135 or so.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

$110 +/- $20.

avantopia

newbie

Activity: 4

Merit: 0

$110?

nuggium

newbie

Activity: 38

Merit: 0

Seems to have found some stability in the $110-$130 range.

alexey8444

newbie

Activity: 11

Merit: 0

I think it will be around 150$ Shocked

Peter Lambert

hero member

Activity: 756

Merit: 500

It's all fun and games until somebody loses an eye

I guess I can make a guess: $120, since the market is stabilizing somewhere around this point.

A.ryan2119

newbie

Activity: 1

Merit: 0

They seem to be stabilizing around $110. not sure where they will go from here

Smiley_01

newbie

Activity: 19

Merit: 0

I really dont think ASICs will influence USD prices for 1 BTC that much. But it will influence mining profit for sure !
Might have to stop mining with my GPUs because of negative profit ;-)
...I'll try to get some more BTC/LTC before this happens.
I also expect some ASIC / FPGA like hardware solution for scrypt coins to show up in the next months.
But in the meantime scrypt GPU mining sucks a lot more power than SHA256 mining (at least with multi-GPU rigs).

I really dont like scrypt so much because of the increased energy waste compared to SHA256 (I know about
the other advantages though...)

Shudagon

newbie

Activity: 2

Merit: 0

While it will go up an down, I'd assume it will hit $200 again soon.

vemrion

newbie

Activity: 10

Merit: 0

I'm guessing there will be some ups and downs (as low as $76, as high as $140-150) but will stablize around $120-130 at the end of May. Or maybe the spikes/drops will happen at the end of May, I dunno. But it's been pretty stable the last few weeks. I thought the road might be rockier than this. Surely there are some more bubbles on the way, but it's not clear when that will be.

Crukkis

newbie

Activity: 16

Merit: 0

i think btc is clearly long time bearish now, it's impossible to bet on the end of may but i think it have to go down near to 30 next months

BitshireHashaway

full member

Activity: 182

Merit: 100

I'm not sure. I think once Asics are the most power efficient someone will make a room full of Asics and just control the entire Bitcoin market by having such a large hashing power. I'm personally thinking of it as two situations.

-> Price will rise/stay the same as Asics won't really affect the price and it will increase as I think it would with GPU mining.
-> Price will decrease because people become less interested in mining when they realize they can't do it unless they just buy an Asic and it is hard to get ahead of everyone else.
-> Price stays the same because the decrease in cost to mine with Asics is combated by the increase in difficulty.

Topic: BTC value at the end of May (Read 2846 times)