Topic: Medium-term Price Target: BTC/USD (Read 1413 times)
$60-$70
I am more in the camp of the last two posters...100 is a key psychological price point...a sustained move under and into the mid-90s, Mt. Gox, and odds are we'll likely be moving lower.
I would not be surprised if the price trended down to the 30s within the next 4 - 6 months...gradually.
The run up was not sustained but happened very quickly. That means there is not a lot of support in the mid-price range, certainly not at the current level. There are a lot of people that acquired bitcoins when they were far cheaper and are sitting on tens of thousands in windfalls. Some will sell to capture or lock in some of the profits. They will rationalize that they can pick up some more later when the price falls. Or they just want to cash out a part of their portfolio - take some profits.
Then there are those that purchase when the price was sky high - they will capitulate.
The caveat to all of this is NEWS. Positive, mainstream news, perhaps due to some event, can have a massive impact on the price given the small float.
I would not be surprised if the price trended down to the 30s within the next 4 - 6 months...gradually.
The run up was not sustained but happened very quickly. That means there is not a lot of support in the mid-price range, certainly not at the current level. There are a lot of people that acquired bitcoins when they were far cheaper and are sitting on tens of thousands in windfalls. Some will sell to capture or lock in some of the profits. They will rationalize that they can pick up some more later when the price falls. Or they just want to cash out a part of their portfolio - take some profits.
Then there are those that purchase when the price was sky high - they will capitulate.
The caveat to all of this is NEWS. Positive, mainstream news, perhaps due to some event, can have a massive impact on the price given the small float.
You're all joking right ?
This is the long slippery slope into oblivion. It's going down.
The only reason it's still above $100 on MtGox is because a handfull of big players and day traders are propping it up with large bid walls and boosting the price.
I predict all hell will break loose several times and each time we will make a lower low than the previous one.
This will only happen after $100 is nothing but a dream.
Here's how I suspect it will play out over the next few months :
$100 breaks into the $90's
$90
$86
$75
$50 <-- Abandon hope here
$30-33
$20-$30 Bitcoins are on the way.
Just my thoughts.
This is the long slippery slope into oblivion. It's going down.
The only reason it's still above $100 on MtGox is because a handfull of big players and day traders are propping it up with large bid walls and boosting the price.
I predict all hell will break loose several times and each time we will make a lower low than the previous one.
This will only happen after $100 is nothing but a dream.
Here's how I suspect it will play out over the next few months :
$100 breaks into the $90's
$90
$86
$75
$50 <-- Abandon hope here
$30-33
$20-$30 Bitcoins are on the way.
Just my thoughts.
2 months: $90
6 months: $50
12 months: $25
6 months: $50
12 months: $25
I think it will slowly creep lower and lower seeing resistance at $100USD and then creeping down to $50USD in about 5 months. After that, A big jump up to $990 over 4 weeks and dropping back to $450 a week after that.
that seems to be the trend were following, I guess it depends on if another bitcoinica fiasco kills interest.
I think it will slowly creep lower and lower seeing resistance at $100USD and then creeping down to $50USD in about 5 months. After that, A big jump up to $990 over 4 weeks and dropping back to $450 a week after that.
Nobody expects 50$-80$? Sad 
I also expect rise... Unfortunately.
yes I also expect rise... Unfortunately.
To quote myself from another thread
As far as exact numbers I don't have the expertise or experience to properly call anything. Near term I could see it going down or staying sideways. As far as 6 + months out I see it rising over 130.
I'm still not overly optimistic about BTC price right now. I don't know if the consolidation period is finished, and with the trouble Gox is having with USD right now I'm cautious about how the market will react in the next few weeks.
As far as exact numbers I don't have the expertise or experience to properly call anything. Near term I could see it going down or staying sideways. As far as 6 + months out I see it rising over 130.
Bears ran out of honey
Bull market!
Bull market!
2 months: $150
6 months: $500
Looks like the bears are out of ammo
6 months: $500
Looks like the bears are out of ammo
With how relatively difficult it is to get ASICs right now, I would think price will start to trend back upwards again over the next 2-6 months. $90-$190.
Slightly up ($120-$160) as more of the start-ups following May's conference become operational.
Demand should come from both the businesses themselves and from their customers.
Demand should come from both the businesses themselves and from their customers.
Mostly flat between $90-130 until the next big thing
Just for laughs, where do you see BTC/USD heading over the next 2 to 6 months? I realize this is almost impossible to predict, but am still interested in any well-reasoned theories.
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