Bitcoin Forum

how soon do you think bitcoin is gonna be above 160 usd

With the current rate, probably within one week. But it is really hard to tell that will it burst down before reaching that.

before end of April

it could easily get up there tomorrow afternoon at this speedy rate.

You never really know, it's a gamble. A waiting game. Much like stocks.

The price may be rising, but the difficulty is skyrocketing. This is where new miners are having a problem.

The rig I've been using for the last year has been fine until now. Even pushing out nearly 1GH/s I still am not profiting due to electricity costs.

GPU's are cheap, however they are almost useless unless you have a ton of them, even then you're almost spending a fortune on electricity (depending where you are). Any other hardware is priced so high that by the time you get the money or the hardware, the difficulty will be so high that only serious miners can keep up.

So the price and fall between ~$90 to ~$180 within the next few weeks until August I imagine. However if people start to ragequit, difficulty will go down a little and the price may fall. Really just depends on how deeply the new ASIC market destroys the difficulty.

5th of May
then I am hoping it goes the other way (under 30) so I can buy like there is no tomorrow!  :)

i think in 5-6 days.

i hope so

If the BTC starts to drop that much, you may not see a profitable rise for a while depending how people react to the change. When exchange lowers, people either have to sit on their money or cash out if they think it will drop again.

Given the current interest and expansion of mining, I don't see a drop like that happening unless people ragequit due to the ASIC craze like I mentioned before.

But if you buy them up at $30 a pop, you'd be so lucky for another large rise.

I Think With the speedy rate at this time, Price 1 BTC = $ 160 will be completed at the 1st week on may.
I Hope this can be reality ;)

as usually rates should go as waves :) there was time when BTC there high (not as this time but high)

New press releseases are coming every day. I think it will go much higher.

It's a matter of a few days really.
/prophecy

Not sure if it will reach $160. considering the last floor was a handful of days ago and it was $50 if you bought at rock bottom lately. even if you got in at 60-70 you are still making a great profit at $150 and with the volatility in the market recently. You'd be pretty smart to book a safe profit and wait for the next inevitable crash.

hmm, I think about a week, if its going with the same rate.

I'm not sure, but I think it will need some months. Only recently ther was a huge drop. Market needs some time to calm down.

From a few days to several years.... pure speculation at this time.

I think in a few years BTC will be more stable and valuable. Seen the huge $260 price surge and the consequent drop it looks like a rollercoaaster at the moment, let's wait and see!  ???

Ideally, to the moon, or, to the dirt. unlikey !

If you have that information, then you can beat the market.

This is really pure speculation - someone will be right, but it's basically just survivorship bias.