Bitcoin Forum

Right now it appears the market things BTC is worth roughly $20 a piece.  After tomorrow's increase does anyone have any predictions of a price?

i am hoping it jumps back up to $30-40 each

At least.

I just hope it doesn't build itself up enough to collapse in a flaming death spiral of agonizing doom. But I'm not an economist, so...

-Wizard-Ninja-

Yeah, I would be happy with $30-40 but like $50+ would be ideal.

I predict.... no change at all.

The idea that everyone's banking on is that although the difficulty increases, it will be offset by the exchange rate going up as well. I think it will go up a few dollars, but nothing spectacular.

One could argue that a price increase because of a difficultly increase already got priced in from it hitting $10 and change until now. In the new york stock exchange, stock prices typically move based on estimations and expectations of future events. Since the difficulty change is known in advance, those that believe that will cause the price to go up would buy in as soon as they know of the difficulty increase. Why would one wait until the difficulty increase actually happens to buy in if that is your reason for buying (more)?

I hope it doesn't crash so soon.  I'm already started investing in mining :(

This is true but this is a brand new market and as we saw over the weekend price can fluctuate rapidly.  I'm in the boat that we'll see a small increase (maybe $25) but nothing too spectacular.

$50+

So far no change in value, it appears the price was already built in by the market.

Something's wrong. Next difficulty jump should be 2 weeks, it's only 5 days though.

Damn I'm good!

You wish. I guess you bought last week at 29$.

I am pretty sure that rate will stay between 18-20.

Yup the rate appears to be consistent.

I expect speculators will get tired at waiting for the current difficulty and they will mass sell their bitcoins leading to a crash