what are the chances that bitcoin will double in value in the next few weeks???

ruski

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Quote from: desired_username on April 16, 2013, 01:00:41 AM

The problem is, if the price is $5 then the economy is non existent.

I think you've got that backwards. If the economy is non existent, the price would be $5. If people are buying it to use it, there will always be a minimum value to sustain its use.

desired_username

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Quote from: lemonginger on April 16, 2013, 12:30:52 AM

Well to be honest, 100% swings in a day are TERRIBLE for a means of exchange. Price stability is very important for exchange. If you can't even worry about buying or selling because you are worried that your bitcoins will change in value in a day or week it is bad news. I dont think bitcoins primary function is a store of value, so that doesn't bother me. I would much rather have them stable and at $5 then swinging between $50 and $100 all the time.

I agree with this. The problem is, if the price is $5 then the economy is non existent.

As much as I love the idea of bitcoin, I feel that it have to face very strong established forces which will always drive the price down.

Let's say we have a p2p exchange - or a better exchange without mtgox problems, there would be massive campaigns against BTC driving it's price down no matter what.

lemonginger

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Well to be honest, 100% swings in a day are TERRIBLE for a means of exchange. Price stability is very important for exchange. If you can't even worry about buying or selling because you are worried that your bitcoins will change in value in a day or week it is bad news. I dont think bitcoins primary function is a store of value, so that doesn't bother me. I would much rather have them stable and at $5 then swinging between $50 and $100 all the time.

desired_username

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Quote from: BitPirate on April 16, 2013, 12:09:02 AM

We will be back through $100 before the end of next week. Mood changes fast in bitcoinland.

Well, people have been bitten in 2011. They got fucked in 2013. I'm not sure anyone will be interested in it.

I'm starting to see that the average person does not care if their system is unjust or flawed as long as he/she has food on the table.

bassclef

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Yes it sure does.

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

We will be back through $100 before the end of next week. Mood changes fast in bitcoinland.

mgio

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To answer your question, 60%

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: proudhon on April 15, 2013, 10:21:01 PM

Quote from: Herodes on April 15, 2013, 10:10:49 PM

Quote from: adamstgBit on April 15, 2013, 10:08:53 PM

so what do you think the chance are the bitcoin will double in value in the next few weeks Huh

The lower it goes, the higher the chance of it doubling!

This is true. When it goes back to $2, going back to a permanently high plateau of $4 shouldn't be too hard.

LOL Proudhon is still stuck on $2 bitcoin.

He must have been the one who sold at $2. Please go to $2 so I can load the virtual "boat" with bitcoins. Grin

bitcon

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yes, sell off all your coinz now before they are completely worthless. proudhon is buying them but he too ashamed to admit it......

proudhon

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Quote from: Herodes on April 15, 2013, 10:10:49 PM

Quote from: adamstgBit on April 15, 2013, 10:08:53 PM

so what do you think the chance are the bitcoin will double in value in the next few weeks Huh

The lower it goes, the higher the chance of it doubling!

This is true. When it goes back to $2, going back to a permanently high plateau of $4 shouldn't be too hard.

adamstgBit

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Quote from: Herodes on April 15, 2013, 10:10:49 PM

Quote from: adamstgBit on April 15, 2013, 10:08:53 PM

so what do you think the chance are the bitcoin will double in value in the next few weeks Huh

The lower it goes, the higher the chance of it doubling!

are you saying their no chance bitcoin will double in the next few weeks?

are you saying its more likly that bitcoin will value will drop even further DOWN