Bitcoin Forum

Let's see what the people think!

I think there will be a bubble that's going to take the price way higher, $50 or $100 even, and then a massive crash down to around $10 to $20.

This is based on a gut feeling only.

I go for mp420's option.  Funny it wasn't included in the poll.  I think the peak will be $50+

How about a really bearish option?  Btc will correct to single digits (under $10USD) in the short to medium term.  $16 is hardly even a major correction at this point.

Absolutely not.

Did you miss what happened when we tried that last week? Huge volume down, didn't dent the price. Obviously Bitcoin is now worth at least $16 to a lot of people.

Sorry bears, the writing is on the wall but you can't read it because you are a bear.

Yup.  I expect a bunch of smaller crashes, followed by an eventual large crash down to single digits. The faster we go up, the more this is likely IMO.

lol single digits ... i miss that feel



I actually think we had a correction on the 24th of this month. Then more Dollars wanted to be saved from Inflation. I actually expect the dollar value
of Bitcoin to go dancing wildly - and I care as much about it as Bitcoins carrot or banana value. 1BTC is 1BTC and that is what counts.
Meanwhile Inflation.
Did you listen to your mamas Stories about how it was in Europe after WWII?  Papermoney is PAPERmoney when the prints are rolling. Thank you Ben.

apart from some devastating news,  i don't see how a huge crash would be possible

how many people would scramble money to the exchanges if the price went near 13$ again?  single digits?  i wish

edit: crap, i must be tired.. i bit that troll bait so hard

Yeah, that's the exact mentality people had at the last $30 bubble.  Didn't work out well for a lot of people......

We are already way over the market cap for the $30 bubble.

And?

How does more people putting in more money to BTC make it any less of a bubble?  If anything, the influx of new money (along with the rapid price increases and overinflated price) make it more likely to be a bubble, IMO.

Who cares? Whatever happens I feel better holding coins than neuros or dollarz.

The last couple times we've done this there's been a pretty easily recognizable pattern to the timing of the correction. The beginning of the end is an asymptotic bull run over the course of a few days.

We aren't there yet. Oh, we'll get there, possibly in the next week or two, but we aren't there yet. On a logarithmic scale, this recent run up from 13 to 20 barely registers compared to previous sharkteeth, and this last step (from, what? 19 to 21?) is about as significant as going from 5.50 to 6.

(As for calling this another "bubble" on the order of June 2011, well, we'll see... but that fiasco also ended with an asymptotic bull run.)

Very much this.

Considering that this is the Speculation sub forum, probably most of us. This subforum is for speculating on BTC prices as compared to USD/EUR/JPY or whatever.

That's like asking "Who cares about mining?" in the Mining subforum.

Oh. I thought "speculation" as in speculative thought. You know, where people imagine weird shit with not much of a hope to back it up with facts or reason.

Are you trying to make a point, or are you just being sarcastic for the fuck of it?

My choice isn't listed.  Reminds me of "Did you quit beating your wife?"

tell us yours cadillac

The 2011 bubble lasted a week. There wasn't time for people to acquire a mentality.

So it's actually worse now or what?  ::)

now people get enough time (couple of weeks) to get used to $20 before going to $30. so then $20 would be considered a bargain and form a new support. baby steps.

Volume traded was higher, but that's maybe only because Bitcoins were considered play money then?

I feel uneasy about the current low volume, but maybe I've got it wrong. I can be that more are clinging to their coins, which suggest higher prices?

The 0.5% Gox fee is now equivalent to $0.1 price difference, so if people were day trading as usual for profit, we would see larger swings at this price level.

A lot of traders are long and won't trade out of fear of being left behind.

Exactly.

Ok confirmed, it is worse.
What do you think will those same traders do in a prolonged correction?

I'm one of those traders holding instead of playing the swings.  When the prolonged correction comes I will continue to buy a set USD amount with every paycheck as I've been doing for the last 6 months.

What did you have in mind for me to do?

Suppose we spike to 50, correct to 30 and then slowly pass 25.

You still holding? Oh of course you would since it can go back up any time isn't it?  ::)

if that happened, as we slowly pass 25$ ill be like

!! BUY BUY BUY !!
http://i68.photobucket.com/albums/i14/marchtrpt4bhs/GIFs/panic.gif

Going under 20 over the weekend I reckon.

And then we move to 20 and crash to 13. And you'll be like NOOOOOOO!  :D

I geuss that "normal" assets have a large group of long term investors like pension funds which don't care about swings, only the price in 5 years or longer and they have a deadweight property to them that prevents deep crashes.

That kind of investor is not common in Bitcoin but the number of them increases, as the guy earlier, that said that he deposited a certain amount each month regardless of price.

begin of institutional investors to bitcoin...

Good boy.

price dropping  :D

What you're doing, dollar cost averaging, is not at all a bad strategy if you are looking at BTC as a long-term holding.

An actual useful poll would have a time frame and options for +/- percentage change over that period.

then make it