Yes, mining price will set the bottom in the long run.
Therefore alt coins will hava some value too, but how mush is another question.
Topic: Where do you think bitcoin will drop to? - page 2. (Read 2730 times)
Seems unlikely it should drop below ~$60-70, as below that GPU mining becomes unprofitable.
I'd assume that as it gets close to this point, supply drops off and the price increases.
I'd assume that as it gets close to this point, supply drops off and the price increases.
Sorry to say that 79 is the bottom for this crash cycle, we are heading towards 130+ again.
My guess is it's going to keep rising and rising, with bubbles every now and then, but as more people buy into it the value can only go up seeing as not only it's a limited currency but also it's going to diminish as people lose wallets, etc In the meantime it's just going to go up and down as any other currency, maybe a bit more violently but same general trend. And as for right now, my guess is it will settle somewhere in the vicinity of 75 - 100 USD and rise gradually until the next bubble.
Why specualate?
They are incredibly volatile and could go either way.
They are incredibly volatile and could go either way.
And have certainly done so over the past month or so...
Why specualate?
They are incredibly volatile and could go either way.
They are incredibly volatile and could go either way.
I predict $55.49 on Mt.Gox in the next week.
good observation +1
those caring about the longevity of bitcoin should not worry about the high prices. but look at the monthly low prices
i read somewhere else that someone already looked into this and found
February low was $20
March low was $33
April low was $51
and May low so far is $79
which shows an uptrend on the base rate. the highs are pure speculation and will ramp up and down where ever they want but as long as the lows show a natural rise where people get to a point that they wont sell any lower then a certain level then this is good for the long term life of bitcoin.
i read somewhere else that someone already looked into this and found
February low was $20
March low was $33
April low was $51
and May low so far is $79
which shows an uptrend on the base rate. the highs are pure speculation and will ramp up and down where ever they want but as long as the lows show a natural rise where people get to a point that they wont sell any lower then a certain level then this is good for the long term life of bitcoin.
So much uncertainty with everything surrounding bitcoin its a tough call. Seems like there are alot of predictions of it going lower, I say we go up from here.
I agree. I think the correction due to recent events is over. If nothing critical happens bitcoin goes up.
So much uncertainty with everything surrounding bitcoin its a tough call. Seems like there are alot of predictions of it going lower, I say we go up from here.
$50's easy. 500000 share block was sold earlier today. mt gox had to step in and become a buyer. otherwise it would have been another freefall.
yea i would say it is $50 by end of next week
plus all the other alt coins that don't take forever to transfer between exchanges
Edit.. I don't know. I dont want get yelled at for having an opinion.
limitless is a scammer...
my pm to limitless (admin can verify)
"I'll trade you 4000 CNC for 45 LTC"
If he did not take that deal , I will for 42.5 ltc's (all I have left in my account).
what is your ltc addy?
Thanks,
Ray
-----
limitless' reply pm to me: (admin can verify)
He didn't reply to my messages...
LhgPT9f6SmW9qpXWkSCmx1vjhdsT1cMjdu
What's your CNC address ?
-----
Here is my btc-e.com transaction history showing me sending him the 42.5 ltc's plus .5 fee
http://s2.postimg.org/gnmhzfibd/ltcshot.jpg
#28791523 -43 LTC Withdrawal LTC to address LhgPT9f6SmW9qpXWkSCmx1vjhdsT1cMjdu
You have been warned,
Ray
my pm to limitless (admin can verify)
"I'll trade you 4000 CNC for 45 LTC"
If he did not take that deal , I will for 42.5 ltc's (all I have left in my account).
what is your ltc addy?
Thanks,
Ray
-----
limitless' reply pm to me: (admin can verify)
He didn't reply to my messages...
LhgPT9f6SmW9qpXWkSCmx1vjhdsT1cMjdu
What's your CNC address ?
-----
Here is my btc-e.com transaction history showing me sending him the 42.5 ltc's plus .5 fee
http://s2.postimg.org/gnmhzfibd/ltcshot.jpg
#28791523 -43 LTC Withdrawal LTC to address LhgPT9f6SmW9qpXWkSCmx1vjhdsT1cMjdu
You have been warned,
Ray
Hopefully it doesn't fall below 70s.
I agree. If the ball gets rolling downhill I think past history shows panic selling will set in and the price will fall, hard. If anyone is taking a beating and lost some $USD since the fall, check us out at MiningUnited.com and earn back some of that BitCoin value! 
Nice plug- giving MiningUnited a try
Looking at the market depth chart, there seem to be many more buy orders than sell orders. I'm not a technical analyst, but the trend (for the next 10 minutes anyway) seems to be back up.
I agree. If the ball gets rolling downhill I think past history shows panic selling will set in and the price will fall, hard. If anyone is taking a beating and lost some $USD since the fall, check us out at MiningUnited.com and earn back some of that BitCoin value!
I think it will drop to 50$ or lower. Just my gut feeling.
I think the BTC rise is over, it can't sustain a high like $266 again. I got in around 90 but now im just looking when to get out, maybe wait till it rises past $100 again. There's always a bull market somewhere, but not here. 
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