I think yes -- the price will hover around $100 for a little bit longer -- and it is very likely that there will be a gradual appreciation in the coming year; and there are also odds of an explosion or bull run again.
Gradual: with the rise of Asic mining, the size network and difficulty will increase dramatically in the coming year -- and indirectly, this affects what people are willing to invest in it. The more resources are marshalled into creating bitcoins, the more valuable they are perceived to be, and therefore, will be.
Sudden: There's a few factors that may cause another explosive price increase -- but it's hard to predict when these will happen.
Crisis: As happened earlier this year -- economic crisis in Cypus, Spain, Argentina, Russia -- and then investors jumping the bandwagon -- drove the price up dramatically. It later dropped off and stabilized at the current level. Another crisis, hard to predict, can cause a similar jump and extreme volatility.
Paypal: The CEO of Paypal has said several times that he is personally fascinated by bitcoin -- and has studied it very closely. He also said that they have not decided whether to incorporate bitcoin Yet. Once they do, then bitcoin will be firmly in the mainstream, available in Paypal and EBay -- and the price will jump.
China: Once the Chinese get on board in large numbers -- the price will be unstoppable.
So yes -- gradual increase will definitely happen; and sudden increases by these other three factors will also happen in my view -- although they can't be predicted when.
So... hoarding is not a bad thing. That's what we're all doing here anyway.
Topic: Good time to buy BTC? - page 3. (Read 3720 times)
Does anyone think BTC will dip in the near-term or is it a good time to buy as an investment?
That's for you to decide.
You can't ask us here, as most of us have a conflict of interest, in that if you buy, the value of our BTC goes up.
If you really insist on getting the community's advice on it though, the best place to ask is the speculation sub-board.
If you really insist on getting the community's advice on it though, the best place to ask is the speculation sub-board.
Does anyone think BTC will dip in the near-term or is it a good time to buy as an investment?
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