Topic: Do you think BTC will hit $200? - page 22. (Read 22158 times)
11:05:40 GMT December 25, 2013. Merry Christmas!
As I wrote in a Facebook post earlier today:
Quote
I was thinking just recently (shhh!) about how early we still are in the adoption cycle really. Let's simplify matters slightly and say that, very roughly, the exchange market carries 10 million USD on the bid side and 100.000 BTC on the ask side: hey presto, 10 million USD / 100.000 BTC = 100 USD/BTC.
History suggests that the trend of 'ask' volume is downward, but let's buck that and, for sake of argument, ADD 20% to the ask side, i.e. 120k BTC. What would it take on the bid side thus to raise BTC price to $1000? 110 million USD.
Mass/corporate adoption, one might say? Hardly. Just think of one million people worldwide investing an average of $110 into bitcoin. There's your 110 million USD. And people wonder why it's a mistake in Bitcoinia (most of the time) not to be bullish enough!
History suggests that the trend of 'ask' volume is downward, but let's buck that and, for sake of argument, ADD 20% to the ask side, i.e. 120k BTC. What would it take on the bid side thus to raise BTC price to $1000? 110 million USD.
Mass/corporate adoption, one might say? Hardly. Just think of one million people worldwide investing an average of $110 into bitcoin. There's your 110 million USD. And people wonder why it's a mistake in Bitcoinia (most of the time) not to be bullish enough!
I'm voting for yes, but I have no clue when that will happen again.
It's gonna hit $200 on August 25.
Won't even reach 150$ so quickly lol
It's gonna hit $200 on August 25.
In December
It will get there. My guess would be within a few months.
It is just a matter of time before it reaches $200 and beyond. But I do believe that there will be huge fluctuations in between.
Probably next year again for a while
Yes. November this year.
It will hit $200, when gold hit $1900.
if it does, we're gonna be swimmin' in money.
pools of money.
pools of money.
If it rise same as last week it could be reach 200$ for couple weeks
Maybe more than that
Of course. Might even happen tomorrow.
I will rise again to $200 maybe this december. It can also rise to that price anytime soon but not permanent.
4 shizzl my nizzl
I personally think BTC will be hitting $200 sometime in the next 12 months. As I do not day trade with BTC, I really do not care. I personally prefer it to go down before it goes up to $200 (say like $20) while I'm not in school so I can buy up as many as possible. I see a very real possibility of it hitting $150 this year though and think that $120-$130 will be the new level off point after $150 is reached.
yes, i think so. probably still in 2013.
It all depends on the media really..
for example last week germany accepted bitcoin officially and there were some articles etc about it.
this is what makes the price rise.
also, with the power miners like 600GH etc coming up, bitcoins will become more rare so the price will go up because of that as well.
It all depends on the media really..
for example last week germany accepted bitcoin officially and there were some articles etc about it.
this is what makes the price rise.
also, with the power miners like 600GH etc coming up, bitcoins will become more rare so the price will go up because of that as well.
What do you think BTC will hit $200 again?
Im pretty confident this year!
Jump to: