How low will bitcoin be before 2013 ends

niothor

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Quote from: PenAndPaper on December 07, 2013, 03:55:22 PM

Quote from: humanitee on December 07, 2013, 01:31:48 PM

Quote from: PenAndPaper on December 07, 2013, 01:21:16 PM

Quote from: tondaS on December 07, 2013, 05:37:37 AM

End of 2013, probably back to around $1100. But well played by spreading the FUD, I have to agree

You think that bitcoin needs anyone in this forum to spread fud for bitcoin to crash? Like the bank of china declaring that bitcoin is not a currency and baidu removing it from their site is not enough...

lmfao, stop with the Baidu shit.

NO BAIDUS WHYYYYYYYYY CAHSING OWTTT

China leads again next week and for the foreseeable future, I guarantee it.

Obviously there a is a possibility for the downtrend to stop and for china to lead again.
But let me ask you something. When baidu started accepting bitcoins did you wrote "lmfao, stop woth Baidu shit." ?

Actually I was laughing at the messages and telling poeple what will happen if somebody sent a message with "Free tibet!"

Bobbydiggital

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Quote from: GriTBitS on December 07, 2013, 06:14:45 AM

Quote from: Bobbydiggital on December 07, 2013, 05:58:11 AM

Quote from: xavier on December 07, 2013, 12:33:01 AM

Let me predict it at ..... $30 max. Maybe even $0

you're trolling right? i mean everything is possible with the BTC but lol, thats not realistic at all to see it between 0 and 30 by the end of 2013

We just got the news about the satellite going up... Of course bitcoin is going to crash... Every bank on earth is saying to themselves FML we need to take that fucking bitcoin shit to zero so no one ever takes it seriously ever again... Hopefully the dudes mining are not going to sell to keep the price tumbling.

maybe but from what we saw yesterday it was 3-4 big players selling, looks like is either wallstreet or very smart guys, but dont you think theses guys will rebuy sooner and play a bit with the price, theres so much to make.

PenAndPaper

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Quote from: humanitee on December 07, 2013, 01:31:48 PM

Quote from: PenAndPaper on December 07, 2013, 01:21:16 PM

Quote from: tondaS on December 07, 2013, 05:37:37 AM

End of 2013, probably back to around $1100. But well played by spreading the FUD, I have to agree

You think that bitcoin needs anyone in this forum to spread fud for bitcoin to crash? Like the bank of china declaring that bitcoin is not a currency and baidu removing it from their site is not enough...

lmfao, stop with the Baidu shit.

NO BAIDUS WHYYYYYYYYY CAHSING OWTTT

China leads again next week and for the foreseeable future, I guarantee it.

Obviously there a is a possibility for the downtrend to stop and for china to lead again.
But let me ask you something. When baidu started accepting bitcoins did you wrote "lmfao, stop woth Baidu shit." ?

GigaCoin

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Giga

Quote from: max. on December 06, 2013, 08:39:29 PM

Right now bitcoin is at $770 at mtgox

How low do you think bitcoin will be before this year ends

Could it be lower than $100?

I think this bull run is clearly over, no more media as holiday time no one cares about investments. I see us in the $400-$600 range.

Bitcoin @ $100-$200 would be a dream come true for me i'm going to buy shit loads at that price but i know it's impossible.

anu

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Quote from: max. on December 06, 2013, 08:39:29 PM

Right now bitcoin is at $770 at mtgox

How low do you think bitcoin will be before this year ends

Could it be lower than $100?

After the first bubble it came down to 15% of the peak. After the 2nd it came down to 23% of the peak. In both cases, the press announced the death of Bitcoin. I expect that people have learned by now that Bitcoin is a honey badger and nobody will seriously suggest that this is the end. Why then would ppl sell for a low price if everyone assumes that within a year or 2, there will be a new ATH?

You can assume that a lot of ppl who sell on the way down do so only to buy back cheaper. So resistance will get stronger the lower the price is.

It is reasonable to assume that the bottom will be less deep than before - I guess 35% at most.

PenAndPaper

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Quote from: beaconpcguru on December 07, 2013, 01:28:57 PM

^ Yes, Baidu not accepting it anymore after offering it as a prepay down payment option on a singular cellular phone to be release after accumulating a whopping 1.5 BTC is a major blow to bitcoin Roll Eyes

Keep on wishing and helping spread the rumor, a few more may fall for this con but its pretty much at its base, you'll see

Go to the charts and check again how that 1.5 btc actually made the price to explode. Then turn the chart upside down to estimate the bottom of this crash. Also check the difference between rumors and facts.

humanitee

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Quote from: PenAndPaper on December 07, 2013, 01:21:16 PM

Quote from: tondaS on December 07, 2013, 05:37:37 AM

End of 2013, probably back to around $1100. But well played by spreading the FUD, I have to agree

You think that bitcoin needs anyone in this forum to spread fud for bitcoin to crash? Like the bank of china declaring that bitcoin is not a currency and baidu removing it from their site is not enough...

lmfao, stop with the Baidu shit.

NO BAIDUS WHYYYYYYYYY CAHSING OWTTT

China leads again next week and for the foreseeable future, I guarantee it.

beaconpcguru

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Hello

^ Yes, Baidu not accepting it anymore after offering it as a prepay down payment option on a singular cellular phone to be release after accumulating a whopping 1.5 BTC is a major blow to bitcoin Roll Eyes

Keep on wishing and helping spread the rumor, a few more may fall for this con but its pretty much at its base, you'll see

PenAndPaper

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Quote from: tondaS on December 07, 2013, 05:37:37 AM

End of 2013, probably back to around $1100. But well played by spreading the FUD, I have to agree

You think that bitcoin needs anyone in this forum to spread fud for bitcoin to crash? Like the bank of china declaring that bitcoin is not a currency and baidu removing it from their site is not enough...

davidorentol

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1200

BitcoinFr34k

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✓

Quote from: theecoinomist on December 07, 2013, 08:24:06 AM

Quote from: Anddos on December 06, 2013, 09:54:33 PM

So if it crashs to say $1, and there is a site selling a lambugini for 81 BTC
Surely i wont be able todo this? Huh

If you buy things with bitcoin, you would realize it's measured in US dollars at checkout..

This and most sites will auto update their BTC prices (their prices come from an exchange feed)

giletto

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Quote from: theecoinomist on December 07, 2013, 08:24:06 AM

Quote from: Anddos on December 06, 2013, 09:54:33 PM

So if it crashs to say $1, and there is a site selling a lambugini for 81 BTC
Surely i wont be able todo this? Huh

If you buy things with bitcoin, you would realize it's measured in US dollars at checkout..

You think this explaination make sense to somebody, who write "Lambugini"? I am absolutly sure, he don't understand your post. Wink

theecoinomist

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Quote from: Anddos on December 06, 2013, 09:54:33 PM

So if it crashs to say $1, and there is a site selling a lambugini for 81 BTC
Surely i wont be able todo this? Huh

If you buy things with bitcoin, you would realize it's measured in US dollars at checkout..

GriTBitS

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Quote from: Bobbydiggital on December 07, 2013, 05:58:11 AM

Quote from: xavier on December 07, 2013, 12:33:01 AM

Let me predict it at ..... $30 max. Maybe even $0

you're trolling right? i mean everything is possible with the BTC but lol, thats not realistic at all to see it between 0 and 30 by the end of 2013

We just got the news about the satellite going up... Of course bitcoin is going to crash... Every bank on earth is saying to themselves FML we need to take that fucking bitcoin shit to zero so no one ever takes it seriously ever again... Hopefully the dudes mining are not going to sell to keep the price tumbling.

Bobbydiggital

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Quote from: xavier on December 07, 2013, 12:33:01 AM

Let me predict it at ..... $30 max. Maybe even $0

you're trolling right? i mean everything is possible with the BTC but lol, thats not realistic at all to see it between 0 and 30 by the end of 2013

tondaS

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End of 2013, probably back to around $1100. But well played by spreading the FUD, I have to agree

goose20

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Quote from: notmichael on December 07, 2013, 12:45:58 AM

Quote from: goose20 on December 06, 2013, 10:26:53 PM

I disagree.

Just because people hear of it, doesn't mean they'll jump right in and buy into it.

I've been telling people about bit coin for the last 9 months - dozens and dozens of people - not a single person bought into it.

I think the majority if people are like this. And will be so for a long time yet.

About half of the people I've had repeated conversations with, and have done some research of their own, have gotten involved. And this is only in the last 3 months. I'm not suggesting it's mainstream, far from it, but reasonable people will give it a look.

Yeah that was my expectation also. Amongst others, the people I spoke to were lawyers, accountants and business owners. But most people are risk averse, they look at the possible downside before considering the upside. And when they hear it was 1c or $1 or $10 and so on, they immediately fear it will go back to those levels and see it as just a speculative instrument. So trying to get them to understand bitcoins huge potential to change how the world operates....well no luck for me in that regard..yet.

I believe in btc and hope btc succeeds. I just wish the speculators didn't get onboard so quick.

giletto

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Quote from: notmichael on December 07, 2013, 12:45:58 AM

Quote from: goose20 on December 06, 2013, 10:26:53 PM

I disagree.

Just because people hear of it, doesn't mean they'll jump right in and buy into it.

I've been telling people about bit coin for the last 9 months - dozens and dozens of people - not a single person bought into it.

I think the majority if people are like this. And will be so for a long time yet.

About half of the people I've had repeated conversations with, and have done some research of their own, have gotten involved. And this is only in the last 3 months. I'm not suggesting it's mainstream, far from it, but reasonable people will give it a look.

I guess you know more nerds and geeks then him? Wink

"Normal" investor, like stock market player are still afraid of BTC. I talk with a couple friends and buddys, right now with the trend down. Almost all say get out, it is dangerous. So not many ppl will become much interesting in BTC right now.

Argwai96

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$400-450. tough call, though.

notmichael

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Quote from: goose20 on December 06, 2013, 10:26:53 PM

I disagree.

Just because people hear of it, doesn't mean they'll jump right in and buy into it.

I've been telling people about bit coin for the last 9 months - dozens and dozens of people - not a single person bought into it.

I think the majority if people are like this. And will be so for a long time yet.

About half of the people I've had repeated conversations with, and have done some research of their own, have gotten involved. And this is only in the last 3 months. I'm not suggesting it's mainstream, far from it, but reasonable people will give it a look.

Mirsad

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Quote from: freebird on December 06, 2013, 11:46:49 PM

I would guess it could briefly get down to $500. I doubt it's going much lower than that. It'll probably trade in a range of $500-$1,000 for the next few months, then start a new rally sometime later in 2014 and make a new ATH.

We go down much further.
I told in another thread, nice double top. Bottom will be around 100-150$ -> start of the china/speculator bubble

giletto

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Quote from: Anddos on December 06, 2013, 09:54:33 PM

So if it crashs to say $1, and there is a site selling a lambugini for 81 BTC
Surely i wont be able todo this? Huh

No, you aren't, if you are not able to write the correct name LAMBORGHINI you are not able to buy one...

ajax3592

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If it goes at this pace it won't be long before we rates below 400!

xavier

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Let me predict it at ..... $30 max. Maybe even $0

melacs

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I won't post my algorithm here, but I estimate the 'real value' of bitcoin at about 300 dollar at the moment. (start of December 2013)

(This took into account all uses of bitcoin. Store of wealth, international exchange, gambling, drug trade, smuggling, legitimate online trade, places accepting bitcoin, coolness factor, honest speculation, lost coins and total coins and so on)

This means that the extra value of bitcoin over 300 is just speculation at the moment. 500 would probably be a good price to start buying because of the high expectation and it is not likely to drop much below that. (unless you really want bitcoin in the long run and then it doesn't matter, then you should look at how much coins you want before thinking about their price)

The real value of bitcoins (in my opinion changes about 3% up every month). This would mean to make it round 310 dollar at the end of this year. Speculation has been floating around 2,5 times the real price so it would make 775 a good target for the new year.

News has a very big impact on the price, so I guess any bigs news could make this estimate much higher or lower

Bobbydiggital

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Quote from: freebird on December 06, 2013, 11:46:49 PM

I would guess it could briefly get down to $500. I doubt it's going much lower than that. It'll probably trade in a range of $500-$1,000 for the next few months, then start a new rally sometime later in 2014 and make a new ATH.

Yep that was i was thinking too, but like we never know its still all speculation its hard to predict, so far the BTC has been very unpredictable, otherwise alot of people would be very rich right now, even tho theres alot of $ to be made with theses swings. Pretty interesting to watch.

bryant.coleman

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Quote from: Edward50 on December 06, 2013, 10:35:20 PM

I agree with what you said. New people are not stupid. They are not going to buy $1000 dollar bitcoins or $500 dollar bitcions, when they were just $13 earlier in the year. It yells Ponzi scheme and scam all over it.

That's why I have been saying all long that mBTC should be made the basic unit. Most of the people don't want to buy a digital currency which is currently trading at $ 1K. But they'll be more tempted if one unit of it is priced less than the USD.

freebird

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I would guess it could briefly get down to $500. I doubt it's going much lower than that. It'll probably trade in a range of $500-$1,000 for the next few months, then start a new rally sometime later in 2014 and make a new ATH.

goose20

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Quote from: Edward50 on December 06, 2013, 10:35:20 PM

Quote from: goose20 on December 06, 2013, 10:26:53 PM

Quote from: bryant.coleman on December 06, 2013, 09:56:41 PM

My prediction is at $1,200.

I still believe that the current dip (due to the Baidu news) is only temporary. What is important is that the Bitcoins are getting a lot of (negative) publicity right now.... and more people than ever have heard about it. We will soon see a steady stream of new bitcoiners, buying $100 to $10,000 worth of BTCs at a time.

I disagree.

Just because people hear of it, doesn't mean they'll jump right in and buy into it.

I've been telling people about bit coin for the last 9 months - dozens and dozens of people - not a single person bought into it.

I think the majority if people are like this. And will be so for a long time yet.

I agree with what you said. New people are not stupid. They are not going to buy $1000 dollar bitcoins or $500 dollar bitcions, when they were just $13 earlier in the year. It yells Ponzi scheme and scam all over it.

Even when they were reasonably priced, nobody I mentioned them to wanted to buy them.

Another reason is that it takes a lot of research and tech skills to actually buy them, most people are too lazy and not technical enough to actually buy bitcoins. Lets not even get into dealing with the corrupt exchanges and all the verification you have to do.

Yep, exactly. When I 1st heard of btc, I read nonstop for a couple of weeks. Then when I ventured into buying, I was scammed twice.

Just too many barriers for ordinary folk at the moment. Hopefully with time things will improve.

But the speculation and scamming elements around bitcoin will keep most people away.

PenAndPaper

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Quote from: tins on December 06, 2013, 10:30:46 PM

Quote from: PenAndPaper on December 06, 2013, 10:29:11 PM

Bitcoin is very sensitive to news. Good news can skyrocket the price 10 times that it is now. Bad news can move the price down to 100$
We are in a need for good news now. Roll Eyes

I'd rather the price dump a little more before we see the good news.

The problem is that the barrier is pretty high now in what we consider good news. I mean a random company start accepting btc is not enough for the trend to reverse. We need good news coming from official lips.

shadowninjax

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It might drop a little more low, then we can take the opportunity to hoard again. Tongue

Edward50

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Quote from: goose20 on December 06, 2013, 10:26:53 PM

Quote from: bryant.coleman on December 06, 2013, 09:56:41 PM

My prediction is at $1,200.

I still believe that the current dip (due to the Baidu news) is only temporary. What is important is that the Bitcoins are getting a lot of (negative) publicity right now.... and more people than ever have heard about it. We will soon see a steady stream of new bitcoiners, buying $100 to $10,000 worth of BTCs at a time.

I disagree.

Just because people hear of it, doesn't mean they'll jump right in and buy into it.

I've been telling people about bit coin for the last 9 months - dozens and dozens of people - not a single person bought into it.

I think the majority if people are like this. And will be so for a long time yet.

I agree with what you said. New people are not stupid. They are not going to buy $1000 dollar bitcoins or $500 dollar bitcions, when they were just $13 earlier in the year. It yells Ponzi scheme and scam all over it.

Even when they were reasonably priced, nobody I mentioned them to wanted to buy them.

Another reason is that it takes a lot of research and tech skills to actually buy them, most people are too lazy and not technical enough to actually buy bitcoins. Lets not even get into dealing with the corrupt exchanges and all the verification you have to do.

antimattercrusader

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We've been having non-stop good news. It's about time we've had some bad news, we'll get through it, and on with it at some point here.

tins

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Quote from: PenAndPaper on December 06, 2013, 10:29:11 PM

Bitcoin is very sensitive to news. Good news can skyrocket the price 10 times that it is now. Bad news can move the price down to 100$
We are in a need for good news now. Roll Eyes

I'd rather the price dump a little more before we see the good news.

PenAndPaper

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Bitcoin is very sensitive to news. Good news can skyrocket the price 10 times that it is now. Bad news can move the price down to 100$
We are in a need for good news now. Roll Eyes

goose20

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Quote from: bryant.coleman on December 06, 2013, 09:56:41 PM

My prediction is at $1,200.

I still believe that the current dip (due to the Baidu news) is only temporary. What is important is that the Bitcoins are getting a lot of (negative) publicity right now.... and more people than ever have heard about it. We will soon see a steady stream of new bitcoiners, buying $100 to $10,000 worth of BTCs at a time.

I disagree.

Just because people hear of it, doesn't mean they'll jump right in and buy into it.

I've been telling people about bit coin for the last 9 months - dozens and dozens of people - not a single person bought into it.

I think the majority if people are like this. And will be so for a long time yet.

bryant.coleman

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My prediction is at $1,200.

I still believe that the current dip (due to the Baidu news) is only temporary. What is important is that the Bitcoins are getting a lot of (negative) publicity right now.... and more people than ever have heard about it. We will soon see a steady stream of new bitcoiners, buying $100 to $10,000 worth of BTCs at a time.

Anddos

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So if it crashs to say $1, and there is a site selling a lambugini for 81 BTC
Surely i wont be able todo this? Huh

jackioflap

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I would be quite happy to see drop to 100 or lower. A good crash brings a fantastic time to buy. Been waiting for this i hope it drops quickly. These drops are petfect for the people that couldnt get into the mining race and dont have 30k+ to start.

Bitcoinpro

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extrapolate the logarithmic graph

max.

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Right now bitcoin is at $770 at mtgox

How low do you think bitcoin will be before this year ends

Could it be lower than $100?

Topic: How low will bitcoin be before 2013 ends (Read 4585 times)