Do you think BTC will hit $300? - page 7.

blockchaintokens

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Quote from: hennessyhemp on October 31, 2013, 12:01:03 PM

I believe we are entering a new realm. Somewhere I was reading a page (might've been a Forbes article) talking about Bitcoin and relative risks associated with it. It shows how regulatory risks have actually decreased significantly. This is huge because the institutional investors won't touch an investment that isn't legal, but once the legal framework exists, it's game on. The author of the article believes this is a very positive position to be in, and was speaking in a highly bullish manner.

I'd have to say I agree...the US threw some threats around and took out some of the most brazen (DPR and SR), thus leaving the network stronger, with more legitimate businesses on the roster.

I have a suspicion we are about to soar, but if you were to look at the anatomy of a bubble we are still all very much in the "smart money" phase...someday people will be like, I wish I had bought it when it was only 1000 USD a peice!

My thoughts exactly. The ride is just about to begin!

hennessyhemp

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I believe we are entering a new realm. Somewhere I was reading a page (might've been a Forbes article) talking about Bitcoin and relative risks associated with it. It shows how regulatory risks have actually decreased significantly. This is huge because the institutional investors won't touch an investment that isn't legal, but once the legal framework exists, it's game on. The author of the article believes this is a very positive position to be in, and was speaking in a highly bullish manner.

I'd have to say I agree...the US threw some threats around and took out some of the most brazen (DPR and SR), thus leaving the network stronger, with more legitimate businesses on the roster.

I have a suspicion we are about to soar, but if you were to look at the anatomy of a bubble we are still all very much in the "smart money" phase...someday people will be like, I wish I had bought it when it was only 1000 USD a peice!

rampalija

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Quote from: covertops on October 31, 2013, 10:13:02 AM

I think and hope so I really want to see bitcoin explode, especially with all of the unstable world currencies right now (not that bitcoin is stable but I'd like to put my money into something that will grow and keep its value over time)

there is not such thing in the world, there will always be variations positive or negative

covertops

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I think and hope so I really want to see bitcoin explode, especially with all of the unstable world currencies right now (not that bitcoin is stable but I'd like to put my money into something that will grow and keep its value over time)

rampalija

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Quote from: junsha on October 31, 2013, 09:58:01 AM

I think it will hit $300 in Nov.

first will be crash now and then BTC will recover to 208

junsha

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I think it will hit $300 in Nov.

qtronix

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i hope it will Grin

i lot will be making some big money if it will.

KamiN

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It definitely will, but hopefully it'll be a slow but steady increase. If we get something insanely fast like in April it'll only burst and crash again.

KamaHomeless

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based on how the price has been increasing this year, i definitely think this is possible

RompfGlompf

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I think, if you compare bitcoins to gold, because both are limited goods, it will exceed $10K. Apart from this, 21M BTC is more than will be available because of losses.

firstlast

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I think the price will exceed $1000 by December 25th, this year. Up until the end of the holiday season, bitcoin buying will be rampant. Little children the world over won't want the latest iPad. They'll be screaming at their parents to buy them bitcoins! And parents will placate their children by stuffing their stockings with 1-2 bitcoins. Bitcoins will be found wrapped in presents and hung on trees as ornaments.

clairemillar23

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NO

fernand0x

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Christmas is coming, and new year too, time for expenses and new investments, I think Bitcoin will get $300 in December or January easily, caused by new investors in new year

Ledeci

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I hope it does! I will be to excited.

rampalija

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Quote from: endoc on October 30, 2013, 05:08:04 PM

Quote from: rampalija on October 30, 2013, 09:54:19 AM

Why whould u sell if u can buy food and go to cafge with BTC ?!

Unfortunately where I live I can't just go to the grocery store and buy stuff with bitcoin. Also, there is no bitcoin ATM close to me!

not yet, but wait Cheesy

endoc

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Quote from: rampalija on October 30, 2013, 09:54:19 AM

Why whould u sell if u can buy food and go to cafge with BTC ?!

Unfortunately where I live I can't just go to the grocery store and buy stuff with bitcoin. Also, there is no bitcoin ATM close to me!

endoc

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Quote from: ?? on ??

Quote from: endoc on October 29, 2013, 11:23:43 PM

I think BTC will easily hit $300 this year. It might even stabilize above $300.

Here's some evidence:
1. The Chinese are starting to buy a bunch of it and the government practically endorses it.
2. The closure of silk road only temporarily depressed the price (although if/when the fbi sells the seized coins the price will certainly drop for a while, but it will be good to get bitcoin into the hands of honest people)
3. The first bitcoin atm's are opening up (in Canada) and it is becoming easier for businesses to accept the coin.

Plus, I think if bitcoin becomes large enough most stores will want to follow the rules and tax bit coin transactions. This would slow any negative potential government intervention. Once you can buy all of your groceries at Walmart with bitcoin I can see the market cap approaching $1 trillion (in several years).

If the current trend of bitcoin price continues (~1000% year) it could easily hit $1,000 next year, at which point it will be hard for me not to sell some Grin

Sell? Then wait another year for 10 000$ by your logic.. *sigh*

I never said I would sell my bitcoins at $1,000, just that I'd be tempted to. Also, the market will probably remain volatile at that point... I could sell at $1,000 and buy at $500 for example.

fractal02

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$Profile photo of fractal02$

And some big players come to bitcoin...

http://techcrunch.com/2013/10/29/chamath-palihapitiya-owns-5-million-in-bitcoins-wants-to-own-10-15-million/

$300 very soon...

tescomatty

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Quote from: Groos.TV on October 30, 2013, 12:38:13 PM

The days of 10,000% ROI are over.

Thats true, but it is less risky as bitcoin is used by more merchants now

Groos.TV

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It might due to the new Chinese and mainstream news interest.
I think another 50% increase in a few months would be indicative of a new bubble.
I personally expect it to be around $250 per coin at the end of year.
Really regretting that I just started getting into Bitcoins lately.
The days of 10,000% ROI are over.

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