Bitcoin Forum

Economy => Speculation => Topic started by: adamstgBit on March 05, 2013, 09:09:39 PM



Title: [poll] - What is the lowest price we can hope to see, moving forward?
Post by: adamstgBit on March 05, 2013, 09:09:39 PM


Title: Re: [poll] - What is the lowest price we can hope to see, moving forward?
Post by: proudhon on March 05, 2013, 11:47:30 PM
I'm still waiting on the single digits I predicted last year for April of this year.  If that doesn't happen, I'll buy again between $10 and $15.


Title: Re: [poll] - What is the lowest price we can hope to see, moving forward?
Post by: Ozymandias on March 05, 2013, 11:51:36 PM
I'm still waiting on the single digits I predicted last year for April of this year.  If that doesn't happen, I'll buy again between $10 and $15.

Please send me a pm when you find coins that cheap, I have a pile of money burning a hole in my pocket for coins at that kind of price!


Title: Re: [poll] - What is the lowest price we can hope to see, moving forward?
Post by: ArticMine on March 05, 2013, 11:58:08 PM
I'm still waiting on the single digits I predicted last year for April of this year.  If that doesn't happen, I'll buy again between $10 and $15.

While those prices are certainly possible, I would not count on it. To put things into perspective suppose someone said two years ago.

Quote
I'm still waiting on below $0.10.  If that doesn't happen, I'll buy again between $0.10 and $0.15

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2010-05-01zeg2011-03-06ztgSzm1g10zm2g25zv (http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2010-05-01zeg2011-03-06ztgSzm1g10zm2g25zv)


Title: Re: [poll] - What is the lowest price we can hope to see, moving forward?
Post by: phatsphere on March 06, 2013, 12:02:59 AM
What's your actual feeling for such predictions?
And what's your perceived probability?
1%?
Is this enough to make such postings?


Title: Re: [poll] - What is the lowest price we can hope to see, moving forward?
Post by: ArticMine on March 06, 2013, 12:12:14 AM
If one takes a look at the subsequent charts one finds that two brutal Bitcoin bear markets that occurred in 2011 would not have helped this particular bear at all.


Title: Re: [poll] - What is the lowest price we can hope to see, moving forward?
Post by: Gatekeeper on March 06, 2013, 12:42:45 AM
articles like the Forbes one here are interesting:
http://www.forbes.com/sites/saranyakapur/2013/03/05/bitcoin-ready-to-go-mainstream-with-first-u-s-exchange/

"According to Coinlab CEO, Peter Vessenes, the (mtgox) book is worth nearly $500 million in annualized trade volumes, which he expects to grow nearly ten times over the next year."

10x over the next year?! I didn't expect it to be that much so fast.