I have no doubts it will go back up to $1200.
Given the lack of stability that Bitcoin has right now, it may not be in the near future, but if the predictions are correct, Bitcoin value should be around $2000 in late 2014.
Topic: will it ever go back up to $1200? - page 3. (Read 2412 times)
I believe it will, I don't think Bitcoin's wild ride is over yet. It's now become a speculative commodity, and a lot of people trade in it. It's bound to it the 1000 mark again
Every now and then (usually every 3-6 months) the price increases more than 3 times, crashes to half of the all time high and then continues to steadily rise again before forming a new bubble.
The next bubble would probably be $2000-3000.
The next bubble would probably be $2000-3000.
whats going on right now? why did it go up to $1200 but now back down to $700. just curious!
China is the reason it when up then back down. I am confident that it will be $2000 in Q1 2014.
ofcourse it will dude
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China is what happened: http://www.coindesk.com/bitcoin-price-falls-btc-china-exchange-shuts-fiat-deposits/
Basically, transferring to/from yuan/bitcoin suddenly became much more difficult. And, due to bitcoin's previous run up in price being due to China, this was a blow to the speculators.
Basically, transferring to/from yuan/bitcoin suddenly became much more difficult. And, due to bitcoin's previous run up in price being due to China, this was a blow to the speculators.
People panic selling is what happened.
I'm sure it'll go above and beyond in 2014.
Soon. its steadily rising after the sudden drop.
But whereever it goes - don't bet all your savings on one horse so to speak and be mentally prepared for swings into the less desirable direction.
IMHO take profits at some realistic point so you're in the green regardless of what happens in the future. Once in the green with your investment, use your remaining BTC to see how far it can take you.
In short, don't hope for the moon; rather try to build a staircase up there (take profits once a while) as to make sure you don't get crushed should those stairs (or a part of them) come crashing down.
IMHO take profits at some realistic point so you're in the green regardless of what happens in the future. Once in the green with your investment, use your remaining BTC to see how far it can take you.
In short, don't hope for the moon; rather try to build a staircase up there (take profits once a while) as to make sure you don't get crushed should those stairs (or a part of them) come crashing down.
great news
economist say - target BTC is 10k $
I'd say it's possible we reach that mark somewhere in late 2015. At least that's what I heard from various speculators around the forums.
economist say - target BTC is 10k $
Bitcoin is worth $800 on MtGox now. So it is getting close to the last peak.
I recon , that there is a possibility for the market to head for a newpeak and this peak will be around the 5-10k level max. I speculate on 5K at the end of 2014.
it wil be 2-3k in 2014!
Yes, consider this your best deal you'll ever get to the mooon!
I think decentralized P2P currency will only gain more traction as people get sick of the way governments allow corporations to run their fiat based systems.
I remember when I first saw it go over the $50 mark.... I couldn't believe people were coughing up real money to buy in. I guess they were on to something.
The truth is no one really know what it will do - you can predict but there is no certainty.
Ever? Of course are you kidding me, the reason why the price of bitcoin dropped is due to china, but imagine when more businesses
are opening for BTC and that when more people get aware of btc and more people use btc, the price will sky rocket well over that number,
It will be bigger and bigger each year.
are opening for BTC and that when more people get aware of btc and more people use btc, the price will sky rocket well over that number,
It will be bigger and bigger each year.
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