Topic: Predictions after tomorrow's difficulty increase? (Read 1255 times)
I expect speculators will get tired at waiting for the current difficulty and they will mass sell their bitcoins leading to a crash
Yup the rate appears to be consistent.
i am hoping it jumps back up to $30-40 each
You wish. I guess you bought last week at 29$.I am pretty sure that rate will stay between 18-20.
I predict.... no change at all.
Damn I'm good! So far no change in value, it appears the price was already built in by the market.
Something's wrong. Next difficulty jump should be 2 weeks, it's only 5 days though.
So far no change in value, it appears the price was already built in by the market.
$50+
One could argue that a price increase because of a difficultly increase already got priced in from it hitting $10 and change until now. In the new york stock exchange, stock prices typically move based on estimations and expectations of future events. Since the difficulty change is known in advance, those that believe that will cause the price to go up would buy in as soon as they know of the difficulty increase. Why would one wait until the difficulty increase actually happens to buy in if that is your reason for buying (more)?
This is true but this is a brand new market and as we saw over the weekend price can fluctuate rapidly. I'm in the boat that we'll see a small increase (maybe $25) but nothing too spectacular.
I hope it doesn't crash so soon. I'm already started investing in mining 
One could argue that a price increase because of a difficultly increase already got priced in from it hitting $10 and change until now. In the new york stock exchange, stock prices typically move based on estimations and expectations of future events. Since the difficulty change is known in advance, those that believe that will cause the price to go up would buy in as soon as they know of the difficulty increase. Why would one wait until the difficulty increase actually happens to buy in if that is your reason for buying (more)?
The idea that everyone's banking on is that although the difficulty increases, it will be offset by the exchange rate going up as well. I think it will go up a few dollars, but nothing spectacular.
I predict.... no change at all.
i am hoping it jumps back up to $30-40 each
At least.
Yeah, I would be happy with $30-40 but like $50+ would be ideal.
I just hope it doesn't build itself up enough to collapse in a flaming death spiral of agonizing doom. But I'm not an economist, so...
-Wizard-Ninja-
-Wizard-Ninja-
i am hoping it jumps back up to $30-40 each
At least.
i am hoping it jumps back up to $30-40 each
Right now it appears the market things BTC is worth roughly $20 a piece. After tomorrow's increase does anyone have any predictions of a price?
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