Bitcoin Forum

Any predictions?

Unless there is another hype cycle, it looks like it will go below 100 this week.

I think it will drop around negative 50 dollars. Might drop even more, maybe negative 80.

Prices will rise, not fall. Read more posts of rpietila.

That's just the beginning. Then it'll go to (-80 -20j)$

It climbed substantially last week, and climbed substantially the week before. We are higher now than we were 7 days ago, even after a correction that gave FUD makers some ammo.

What makes you think it's going to drop at all?  ::)

If it does drop, I suppose, 110 for the low end maybe, though 120 seems to be the current wall as people say.

I'm thinking it will hit $150 around Thursday (paychecks will clear making funds for the small traders) and then drop back next weekend.  Hoping to sell midweek and then pick up a few extra Btc on the 5th.

I assume that you are referring to the price of the dollar. I would say that you would most likely get about 150-175 of those dollars for each Bitcoin.

so we will have to pay if we want to sell them? and make profit by buying?

We might end the week up, but I am sticking to my view that there will be more action at 120 first

I think imaginary (or complex in general) valuation is more probable than that. :-]

haha nice.  :D

Hard to predict what will happen, lots of people are preparing for a retest of 120 and sold (some of) their btc at 130-137 to time their new buy in point. If it rises tomorrow without going down first then things will become incredibly bullish because all these people who sold and expected a 120 retest will be jumping back on board to ride the train. :)

I think we will test BTC0.00667 again this week.

Wow BTC0.00667 per BTC? That's ~15000% profit per trade.

We haven't finished the last week yet

Weekly closes:

2013-03-25 : $92.19
2013-04-01 : $142.63
2013-04-08 : $93
2013-04-15 : $126.6
2013-04-22 : $128
*2013-04-29 : $133

This side ways action is awesome.  Call it consolidation or stability but it bodes very well.

A "real" bull market grinds the bears to death with small gains each week.  Which appears to be what is happening...

Every day the blockchain is operating without issue, bitcoin becomes more valuable.

Oh I see, you want the price in USD. I'll rephrase:
We'll be testing $0.15 this week.

Two things stuck with me in discussions lately:

• You require an exponentially grown inflow of fiat to raise the price like what we saw at 266
• It's only been good news in fundamentals since the flash crash

I'm taking this to mean we are in a cool down period, there's no longer a rush to get cash in to the exchanges, and those getting ready to enter the market are behaving a bit more rationally and hoping for a lower entry point.

To me, from what I can see, we're going to have sideways action in the 120 to 160 range if there is volatility, but if we don't see either dumps of btc or fiat, then we'll probably have a narrower trading range from 120 to 140.

Steady as she goes Capt'n

Not necessarily. If there is increased confidence in bitcoin by those who hold and mine them, such that they don't want to sell, the price will go up even with marginal inflow of fiat. We're all just collectively agreeing on price here, it could go to $10,000 tomorrow if there was (somehow) a consensus that that was the right price.

Bearish here. I don't see 160 been broken, but 120 ? Yes.

True, I was more thinking of the panic buying conditions recently experienced and the necessaries inflows required to keep inflating the price.

we'll probably consolidate between $120 and $160 for most of next week. both bulls and bears are wrong.

--arepo

Would you buy an iron butterfly at those strike prices (let's add $135 as the pivot)?

Price of the USD will continue to drop, though not as fast as the price of the Japanese Yen. The Argentinian Peso will also continue to drop at its non-official yearly inflation rate of 20-30% and certainly not its official inflation rate of 10%. This is virtually guaranteed; no speculation necessary.

That's what you wanted to know, right? 

So you do not mind selling me some BTC for $0.16 at the end of the week? :-]

last week volumes were mostly extremely low.
noone was really jumping to sell or buy.
i vote to ban you if you are wrong just because your posts are extremely annoying and contribute absolutely nothing.
i rarely call for banning people but some do deserve it

I have just recalled one scene from Startrek. It was capitan Kirk saying: "As soon as we have democracy here, I will let you know." :-]

Sounds like they'd both be right.

Well that depends. If we make it all the way up to $0.20, I obviously won't sell you any for $0.16.
We'll have to see.