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Title: bitcoins - is it going up, or going to plunge down hard... Post by: ronnymil on April 30, 2013, 08:45:50 AM well, what do you think?
should we buy or sell? as it seems now, it flactuates too much... Title: Re: bitcoins - is it going up, or going to plunge down hard... Post by: TheRealSteve on April 30, 2013, 09:51:08 AM The basic answer is: do whatever you want to do, and don't even think about blaming anybody but yourself if it goes down.
You're right that BTC is too volatile for any reasonable predictions. Right now it's going up, but that's probably what somebody said just before the last plunge, too :) The question you'd have to ask yourself to begin with is whether you're trying to make money off of this, or just participating for the novelty and if you happen to come out on top that's a nice little bonus. Title: Re: bitcoins - is it going up, or going to plunge down hard... Post by: btc_pbx on April 30, 2013, 09:53:01 AM phase 1) buy btc
phase 2) ?????? phase 3) profit Title: Re: bitcoins - is it going up, or going to plunge down hard... Post by: Lethn on April 30, 2013, 09:59:33 AM Define 'plunge'? The amazing thing I find is that Bitcoin held at £50 despite stupid journalists proclaiming the end of the currency, it barely went below ( I was watching the price with interest :P ) and now it's steadily rising again, in fact I'd say it's acting less volatile than it was before because the price movements seem less jumpy. I'd be concerned if it dropped all the way to £1 for sure or even less, but basically in the current economy I think having it stay at £50 - £100 and maintain that for years to come would be the best thing we could hope for.
With the money printing that's going on I suspect Bitcoin will likely end up going much higher though because the central banks just don't know when to quit. Title: Re: bitcoins - is it going up, or going to plunge down hard... Post by: szym00 on April 30, 2013, 10:00:03 AM It is hard to predict what will happened... the fact is that after the 'big growth' few weeks ago many people find out that Bitcoin 'is something'. Now there are many 'Newbies' at the market with one thing in their mind - "buy buy buy... rich rich rich..." - but how long will it be - hard to predict.
Also there are many new 'online shops' that allow to pay with Bitcoins, so it became more popular. So, if it is more popular the rate should increase... Title: Re: bitcoins - is it going up, or going to plunge down hard... Post by: isimme on April 30, 2013, 10:00:55 AM imho it will only, long scale, rise in value,
but if you want short term money i'd say it's risky. Title: Re: bitcoins - is it going up, or going to plunge down hard... Post by: EaseOfBitcoin on April 30, 2013, 10:03:20 AM Like said above, do whatever you want. The market is unpredictable and no one can said with 100% serenity what it will do.
Title: Re: bitcoins - is it going up, or going to plunge down hard... Post by: Jayaway on April 30, 2013, 10:03:57 AM well some estimate the price will go to 30 000 USD a BTC. I would think 10 000 possible over next 10 years
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