Bitcoin Forum

I think the price will get back to $200 by September or even August this year

Even if that become true, how does one benefit?

Are you going to cash out and then sit on sideline? Or are you going keep holding it and hoping for new high?

lets hope! rally time!!

might lower to 1$ per btc again, than it would be a complete waste and gotta start from scratch.

Value is a very subjective concept. Bitcoin's value will go up/down only if there is enough people believe in it and take appropriate action regarding it.


Is the collective will and action of bitcoin user stronger than the action and will of the government?

BTC probably will go up to $200 by then if a new enterprise-grade exchange comes out and if the BTC funds get pumped with a lot of money. Without that I see it continuing as it has for the last several weeks.

I actually plan on bus-stopping all the way up and further. Meaning, drop on the cross-roads and rejoin at the junctions:)

(So neither of your options, but I guess "hanging with BTC" is closer to my strategy as I do want to follow with it for the long term, at least from my understanding of it and the market today).

All it takes for BTC to get far up in value is merchants, and recently there have been many many news about new merchants and companies entering this field and adding BTC payment to their checkouts.

I hope :P

I dont think it will stay at 200$ but yes it will hit 200$ within short time.

it will be a new bubble but the crash wont be as far down as the last one :)


i think for now it will raise to 145 make a drop to 120 again and after that it might be a rally, 50/50 :P

am im thinking wrong :)?

No, your thoughts look similar to the numbers I'm looking at.
Right now there's a question around the 120-125. If the prices breaks out from the 125 range and hits 126, then the road to 140(ish) will be somewhat clear (with up and downs, but not many). However, if the value will not break out from 125 within the next 24-32 hours, then it will go back to around 110 for at least a little while.

This is my (very) short term analyses

The smart thing to do, in my opinion, would be to:
1: get a decent mining rig
2: earn back your investment in USD or whatever fiat currency you used to start out with
3: Get upgrades to the system with what I guess you could call "house money"
4: Stop rapidly upgrading once you are at the BTC/time income you want to be at
5: Determine what amount of money you want to make from bitcoin to supplement part of your income (example: buying a new car) and keep what you don't really need as BTC
6: Seeing as the BTC to USD exchange rate is most likely going to go up the more it becomes accepted as a mainstream currency, or down if its relative acceptance just stagnates, all you need to do with your excess BTC is sit on it until you think it is the right time to sell based on how you personally have watched the market and not what some dude on a forum says!
7: Irony...

What is, some dude on a forum says I should "sit on it until you think it is the right time to sell based on how you personally have watched the market and not what some dude on a forum says"... Can I still determine it on my own? or would it be a determine based on what a dude on a forum said?

I liked your reply, except I have some problems seeing new-timers get into the mining frenzy at this point without some serious investment, because the time it takes to get the gear is questionable while the inevitable difficulty keeps hitting the market as more people join the mining frenzy, new gear appears and more companies add even more high tech gear... not to mention that as time goes by, if Bitcoin keeps this up, the big hardware companies might step in... and then the difficulty will jump like crazy...

So, even if I don't end up stuck with a logical loop on your 6th note, 1-5 notes are also problematic,
Still; great reply and I like it,

Thanks

The problem with bitcoin is that I can't predict the future!

Time will tell...

I don't think anyone can tell. Bitcoins are going crazy.

If BTC ends up on paypal this year it is a possibility

The future price of BTC depends upon its adoption and acceptance. The more businesses that adopt BTC as a form of payment, will cause an increase in the awareness of BTC as it will validate the currency by the mainstream. The principles of crypto-currency and their inherent benefits will inevitably cause a global shift of the current paradigm in regards to traditional fiat currency. Whether BTC will prevail as the prominent crypto-currency depends on many factors, but in the long-term nothing will cause the decline of crypto-currencies as a superoir form to traditional fiat.  

The people who are saying I'm going to cash out when the value of Bitcoin reaches X amount, then you're not really supporting Bitcoin, you see it has a quick rich scheme.
But, your wrong, most of the people I see today jumped on to Bitcoin because it was worth so little a while back and sky rocketed.
So now they want it to happen again and cash out.

But, in fact I can't see it going beyond $200 this year, maybe next year.
I have NOT invested any fiat money into Bitcoin, I have invested my time into Bitcoin and my knowledge (Not much knowledge but hey).
Now, I'm in Bitcoin to help it grow and thrive and hopefully grow into a widely used currency.


I ask politely, for you to support Bitcoin and not just say it's bad because it's losing value, it's actually stronger than most currencies.

on the other side of the fence how can i short bitcoins

That's pretty cool, don't forget to tell us "I told ya!" In September better yet, why don't you cash out of fiat if you believe in it?

I hope! I missed the buying train.

http://s3.mbtcdn.com/bank-news/wp-content/uploads/2011/04/Man-missed-the-train.jpg

I'd say $200 is about right, based on my trend line drawing skills.