Bitcoin Forum

Hi there!

I'm wondering if bitcoin will go up ? I bought couple of them on sunday, but they're still going down... ; /

Nothing in is certain in life apart from death and taxation.

......Ive always wanted to say that BTW. :P

Yes they will go up to $10,000 tomorrow, and I have a few I'd like to sell you.

Nobody really knows. It kind of depends on whether people with lots of them (yes, I'm going to mention the scary early adopters) decide to sell or not. But in the past couple of days Bitcoin has showed a tendency to recover from dramatic drops in price, due (in my opinion) to slightly-later-adopters' somewhat inexplicable desire to put all their money into it.

Bitcoins are to be spent on goods and services :)

If you want to speculate, fine, but it's a long term investment, don't think you'll get rich by tomorrow. And if you really want bitcoin value to go up, spend and invest in its economy :)

They will very likely go up longterm - unless people keep on speculating and try to make some bucks quickly. Problem with too many people speculating too wildly is that the volatility might drive away vendors trying to implement Bitcoin as a payment method in their shops. A payment method of which the value doubles / halves within one day simply isn't useful. And when those people are scared away, Bitcoins will go down severely because a payment method you can't use for paying isn't really useful to anybody. People actually implementing Bitcoin as a payment method is what the Bitcoin economy really needs, so if you want Bitcoins to go up - do your best to make those people feel comfortable.

Hopefully, a lot of people trying to make money quickly by speculating with Bitcoins lost a lot of money in the last couple of days and disappear for good. No one's gonna miss them. They're not needed for the Bitcoin economy at all. Actually, those people are a burden to the Bitcoin economy.

So, my hope is that some early adopters selling some of their Bitcoins regulated the Bitcoin economy by shocking some of the greedy folks trying to turn Bitcoins into tulips (http://en.wikipedia.org/wiki/Tulip_mania).

If you want Bitcoins to go up: Support the economy instead of speculating on the commodity.

True that

I'm hoping to see a rise to at least 25 USD after the difficulty rises in the next day or two, although that may be wishful thinking on my part.

Bitcoins will go up if you spend the ones you have on something. I know it sounds counter-intuitive, as there is an urge to hold them for a quick buck.

However, I wouldn't count on it as an investment, until there is an economy to support it's use. Then, the price will go up.

Can we please lock the newbies up again? Threads like these bother me in this section, it's as bad as wading past advertisements.

Here's some advice. Buy at 52 hr low sell at high. Simple rules for simple men.

If you think you can actually receive an answer to that question, perhaps bitcoin isn't for you.

It'll probably go up very soon. Massive difficulty increase in 48 hours. There are some correlation between difficulty and the value of the coins.

the sentence may one day not make sense thanks to bitcoin.  :-*

Because bitcoins will make you immortal, mwahahaha.

It looks like we're stabilizing which is a good thing. The Bitcoin economy now needs to start flourishing

Definitely not wishful thinking!

Hi! I'm a time-traveller from the future! It is my considered opinion that you should buy some more. Yes, they'll go up just a notch or two...

God, I hope I've set the right date on my chronometer. Wouldn't that be embarrassing?  :-[

Oh... well, never mind. My advice still stands.

 ;D

The price is going to go up when I don't know and there may be a dip but in the long run the price will go up.  There is alot of adoption into bitcoin and I feel it is safe to say this trend will continue in the future.

Yes.

What's the going rate for a time machine (in BTC) these days?

After tapping into billions of parallel universes by quantum manipulation and establishing a data link to my alternate self, I've created a database of history for all the universes similar enough for me to make contact. Some of them have small temporal differences, as time is not linear. Using this information, I've managed to analyse the differences and similarities with respect to the temporal differences, and predict with 80% probability events upto 4 days into the future.

Priceless. Sorry.

I'll build you a two-seater time machine for just 10BTC.  It's not very fast and there's no reverse gear but it definitely travels in time. ;)

http://i2.kym-cdn.com/photos/images/newsfeed/000/264/200/acb.jpg

By the way, adding in-route hookers would increase the speed in which time travels.