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adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: istar on July 05, 2011, 10:45:01 AM

If you look at the demand right now there is much more supply than demand.

So price will continue down for some months, I think it will go stable at $6.
Then work its way back up to $100 over the coming months/year.

if i had balls of steal I'd sell everything right now and wait for the price to fall and buy low

but what if your wrong... and the price goes up...

playing the market is a tricky thing

Anduril

member

Activity: 92

Merit: 10

Right now it looks like a close at just under $12 USD is not out of the question. The 5 day chart looks pretty grim.

dinzy

full member

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Merit: 100

Quote from: istar on July 05, 2011, 10:45:01 AM

If you look at the demand right now there is much more supply than demand.

So price will continue down for some months, I think it will go stable at $6.
Then work its way back up to $100 over the coming months/year.

Not that I necessarily disagree, but what do you base your demand on? The order book does not accurately reflect the entire market apart form saying that if someone wanted 5kBTC this instant, he/she would pay a max of 14.5 USD / coin. There is no information about money waiting on the sidelines, nor is there any way to predict the dynamic response produced by a shock to the system.

istar

hero member

Activity: 523

Merit: 500

If you look at the demand right now there is much more supply than demand.

So price will continue down for some months, I think it will go stable at $6.
Then work its way back up to $100 over the coming months/year.

BitcoinPorn

hero member

Activity: 630

Merit: 500

Posts: 69

I am going it is pretty low, but without anything in the news to pump internet interest, it will just be random waves.

InsanityIsGreat

newbie

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Merit: 0

No

Topic: No (Read 1538 times)