Bitcoin Forum

Please reply with your predicted price after voting in the poll!  Extra credit: Add the price you think bitcoin will stabilize at once Mt Gox has been open for 24 hours in your reply!

Thanks for voting!

I'm pretty sure it's going to float between 50 and 100.  And of course, steadily gain momentum again, hit thousands, crash, ad infinitum.

But what do I know :P

I'm thinking it will hang around $60-70.

I think Its going to drop below 50 judging by bit coins history when it crashes it crashes hard. There are probably alot of people with millions in bitcoins thinking well if I sell know I will pull in a couple million and if I wait I could be left holding nothing. Going from have 10 grand in the bank to 7 figures is alot bigger of a jump lifestyle wise then going from 1 million to 2 million. I am confident bit coin will recover and surge past 300 though, even if it tanks down to only a couple bucks.

Bounce off ~$75, rattle around a bit, then settle into ~$100 for a while.

Then another growing exponential until the larger traders "choose" another top and then all the stop losses kick in and it drops again.

Rinse and repeat... Alot more of this until it matures in a few years and gains more stability through retail use.

But overall return for anyone holding BTC will beat any bank or mutual fund over the years.

Between $80 and $90.

It will drop to $64 then start climbing fast.

let me try to guess like a guru  :P

opening around $100 and going down a bit when people had enough of this bitcoin madness
then going up and down frantically for a day or 2 cause lots of people are confused and scared.
then I guess we are back to normal in a cautious way, very slowly stabilizing. maybe about a month of silly ups and downs
I expect about 300 before end of April but unstable... may go down again

oh.. btw I'm no guru so I just randomly guess  8)

What time is it officially supposed to reopen?  The site looks back up now.

There was probably a great arbitrage opportunity to buy for $60 or so on one of the other exchanges and sell for much higher on Mtgox.  A lot of peoples are newbies and don't even know about the other exchanges, so would probably buy for much higher.

I call open @ $85. then, all hell will break lose. I'm still up regardless. been lurking

t- 1:22.

GL to those who are willing.

-Dederic

I'm expecting the price on MtGox to go at least down to $50 , likely lower. Sell-offs are always sharper than rallies in this market , and the value of bitcoin is unfortunately way too dependant on the smooth operation of MtGox. As long as the exchanges are not back to running as normal you can expect sellers to outpower buyers by a large amount, it will probably take at least a couple more days.

50

It is kind of stable at $80 now..

I'm going to say $70.

I think it'll settle around 70 USD for a month or so, then slowly climb back up to retest the bubble high!

Thought it was going to open at 10:30pm PST.

Guess I was wrong, it's 8pm and already at $123.

crash and crash! people have lost trust in MtGox. the exchange is failing. the systems are failing. let it drop, and maybe it will stabalize into something that is useful instead of a place for speculators to make a quick buck on. bitcoin was not created to pump and dump!!

$65

I'm hoping it stays around 100$ - $120 for a while. Two reasons, it will give new people the chance to invest at a safe point without potential of a huge loss. I plan to invest $3k next Tuesday.. I try to spread my investments out for sanity sake.. It allows me to better monitor the market.

The other is stability.. What goes up must come down, and in order for btc to beconsidered reputable by accepted means, the market needs not to be so violent like it has been the last few days.. It chases newcomers away and gives btc a stigma   I'm not on the bubble crash trend, I strongly believe that btc has the momentum to survive without heavy media coverage. It did over 3 years

I think it will definitely be around
$60