If the price drops below $5, I will consider taking out loans to buy up as much BTC as I can.
I would be surprised it the price dips below 60 for any extended period of time.
Topic: I predict BTC/USD will fall to $2 by December 31, 2013 - page 3. (Read 7303 times)
BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.
Probably even lower than that.
But every time I see people talking about the price falling below $2/coin, I wonder what's going on inside their brains.
Compare today's world to the world of late 2011. The USD/BTC rate had only spiked once, followed by a long and depressing bear-market, and there was a good chance that over-$10/coin was a one-time thing, an accident never to come again. Other than Silk Road, there was very little you could do with BTC.
In that world, in a world where a good argument could be made that Bitcoin was on its way out, the exchange rate tested $2/coin in enormous volume, and $2/coin proved itself sound.
If $2/coin was an impenetrable wall of value-confidence back then, what on earth could break that value-confidence today, in a world where high BTC prices have come twice ("and why not again?"), in a world where there are institutional investors dipping their toes into the market, in a world where you can buy food and shelter with your bitcoins?
I'm bearish, sure. It's my guess (granted, one that I refuse to trust, or else I'd be shorting like mad) that the bottom will be somewhere in the $11-30 range, which is way lower than what we have today. But barring something that shatters the Bitcoin network itself, I do not think that we will see $1.95/coin again.
Quoted 4 Trufe.
Its nice to finally see someone that isn't doing drugs, and think that we're going to hit $1k or $1M.
+1
Probably even lower than that.
But every time I see people talking about the price falling below $2/coin, I wonder what's going on inside their brains.
Compare today's world to the world of late 2011. The USD/BTC rate had only spiked once, followed by a long and depressing bear-market, and there was a good chance that over-$10/coin was a one-time thing, an accident never to come again. Other than Silk Road, there was very little you could do with BTC.
In that world, in a world where a good argument could be made that Bitcoin was on its way out, the exchange rate tested $2/coin in enormous volume, and $2/coin proved itself sound.
If $2/coin was an impenetrable wall of value-confidence back then, what on earth could break that value-confidence today, in a world where high BTC prices have come twice ("and why not again?"), in a world where there are institutional investors dipping their toes into the market, in a world where you can buy food and shelter with your bitcoins?
I'm bearish, sure. It's my guess (granted, one that I refuse to trust, or else I'd be shorting like mad) that the bottom will be somewhere in the $11-30 range, which is way lower than what we have today. But barring something that shatters the Bitcoin network itself, I do not think that we will see $1.95/coin again.
+1
Even at $2, the asic miners will keep on running their machines.
^^^ This is your problem, right here. 
every week for the past month, btc value has been falling by $10US, and extrapolating it to the next few weeks gives me the following;
July 10 -- $70
July 17 -- $60
July 24 -- $50
,
,
,
August 21 -- $10
Once the $10 firewall is breeched, the race to $2 will happen in a few days.
Thus, by the end of August 2013, it will be $2 or less.
PS: I am neither an expert nor a psychic. Think of me as a devils advocate.
July 10 -- $70
July 17 -- $60
July 24 -- $50
,
,
,
August 21 -- $10
Once the $10 firewall is breeched, the race to $2 will happen in a few days.
Thus, by the end of August 2013, it will be $2 or less.
PS: I am neither an expert nor a psychic. Think of me as a devils advocate.
No, I don't do shrooms, just a bowl of cold water. Lots of people are starting to panic now that it does look like bitcoin is on a long term slide. I just based my prediction based on the fact that this recent downturn is the result of asic miners dumping their mined coins en masse. They won't stop until they have driven the value to the dirt floor. Even at $2, the asic miners will keep on running their machines. That is the future I have seen in my bowl of cold water.
has the OP been testing some shrooms at Atlantis, oh man
technical analists
i agreee maybe nut 2$ but 5$ for sure
Want to bet on that?
People are getting even more bearish than our resident bear-troll, Jaroslaw. Interesting times!
Why do I see attempts to manipulate the price in many posts... Am I paranoiac, or is it a coordinated action?
Why manipulation? Why coordinated? Bulls is crazy -- always scratching their head and posting things like, "I can't figure it out, why is the price going down?" 
BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.
Bro you sound stupid as shit
Houston, we have a problem! Great Master of Bitcoin, Sir Pietila told me that Bitcoin will reach $300 000 so OP is spreading BS:
So Im going to buy at 2USD this winter because of this reason. Thank you
BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.
Probably even lower than that.
But every time I see people talking about the price falling below $2/coin, I wonder what's going on inside their brains.
Compare today's world to the world of late 2011. The USD/BTC rate had only spiked once, followed by a long and depressing bear-market, and there was a good chance that over-$10/coin was a one-time thing, an accident never to come again. Other than Silk Road, there was very little you could do with BTC.
In that world, in a world where a good argument could be made that Bitcoin was on its way out, the exchange rate tested $2/coin in enormous volume, and $2/coin proved itself sound.
If $2/coin was an impenetrable wall of value-confidence back then, what on earth could break that value-confidence today, in a world where high BTC prices have come twice ("and why not again?"), in a world where there are institutional investors dipping their toes into the market, in a world where you can buy food and shelter with your bitcoins?
I'm bearish, sure. It's my guess (granted, one that I refuse to trust, or else I'd be shorting like mad) that the bottom will be somewhere in the $11-30 range, which is way lower than what we have today. But barring something that shatters the Bitcoin network itself, I do not think that we will see $1.95/coin again.
BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.
Probably even lower than that.
Its nice to finally see someone that isn't doing drugs, and think that we're going to hit $1k or $1M.
I haven't check in the last 24 hours, so I brought up MtGox expecting to see maybe $95 but it was $82 lol... dropping fast! Heheh.
Houston, we have a problem! Great Master of Bitcoin, Sir Pietila told me that Bitcoin will reach $300 000 so OP is spreading BS:
If you're so sure, go take out a short position and make 30x your investment.
Talk is cheap.
Talk is cheap.
Why do I see attempts to manipulate the price in many posts... Am I paranoiac, or is it a coordinated action?
Difficulty skyrockets, the only chance to get more bitcoins cheap for those who don't have enough dollars and hashing power is to spread FUD.
Noone wants cheap Bitcoins, people want cheap dollars. Difficulty skyrockets, the only chance to get more bitcoins cheap for those who don't have enough dollars and hashing power is to spread FUD.
Litcoin will also crash down to 2$ per LTC. In fact, all the CCs crash down to 2$
If BTC and LTC are both at $2.00 wouldn't that make BTC a screaming buy? I know I'd be buying a lot of BTC and if I had any LTC I'd be selling it (or converting it to BTC) like crazy.
Litcoin will also crash down to 2$ per LTC. In fact, all the CCs crash down to 2$
I'll take that
Any Caribbean island on sale?
Why do I see attempts to manipulate the price in many posts... Am I paranoiac, or is it a coordinated action?
Difficulty skyrockets, the only chance to get more bitcoins cheap for those who don't have enough dollars and hashing power is to spread FUD.
Difficulty skyrockets, the only chance to get more bitcoins cheap for those who don't have enough dollars and hashing power is to spread FUD.
Jump to: