Bitcoin Forum

lets think with all the good news about investers going big for bitcoins and coinbase. along with china may finaly start buying. what do you think it will be in one month.... a month is an eternity in bitcoin terms and it could get a new ath and also burst and fall and rebound and thats just a month haha. lets talk about it 8)

its gonna be steady

Hoping it will rise to (but not hit) 150

Slow and steady wins the race, would be good to have some calm for a while

the price freeze at 120btc

I think the Economic changes coming to the Mediterranean countries will help to increase the price of Bitcoin and i'm waiting to take place in the summertime, before September.

I hope WDC goes up.

Long time reader first time poster

i think it will be in the 150 range and by the end of summer well into the 200s

150 FTW  ;D

whos summer.....its an international coin

i think it will stay stable when its hot wether people will stop mining and start trading

I doubt we'll see another huge rise in price anytime soon. But we can hope   :D

I believe the difficulty has more of an effect on prices than most people realize. The majority of coins that trade on a daily basis come from miners cashing in, and that is pretty much the source of what little liquidity we have. While it is true that increased difficulty will not change the amount of coins found on a daily basis, it will shrink the amount found by the majority of miners, especially those using low-hash gear. Few people will cash in with 0.00004453 coins due to exchange fees. They will stack the coins until they have a larger sum to exchange, effectively draining liquidity.

I expect a slow but steady increase, lagging the difficulty spikes by a week or two.

My bet is 150-200...

200ish

Once people stop hoarding and speculating so much and start trading it, it'll even out to $100-$150.

Personally I think you have the speculators to thank for liquidity. I tend to keep what little mining profits I generate, and I know a lot of people that do the same. Of course the large miners who sell their BTC do help, but people with 50k+ USD trading on Mt.Gox grease the markets up far more.

Edit: The average bottom price seems to be rising by $20 every month or so. I think next month we'll see averages around 130-140. Only time will tell, though.

Has the general tendency of Bitcoins been to rise? Will I ever be able to buy coins at £2 a coin?

I know there's no way to know for sure but I'd hate for the price to stabilize at 100 or something and just stick there.

no way. i knowits just building suort for the next bull run. never has it sat at a price for a week and then randonmly dropped, it will rise one night just watch. it will go ten or twenty up for sure.  :D

well since 90% of people and 85% of the land mass is north of the equater then im going to go out on a limb here and say the northern summer. or for you when you come out of winter. good enough ::)

i couldnt agree more. with history as any type of indicator when the price stagnates it means its building support. when some big fish with a hudred grand buys in and makes it rise three or four bucks then others will pull the trigger as well then we will see that hughe jump...with a drop off but land some where in the mid thirtys and then buld and then land in the mid fortys or low fiftys. thats 150 to be clear. im thinking that this think is just about to take off. over the weekend this is going to get crazy...or maybe it will wate for tuesday after the holiday.

I think it will decrease, possibly hitting $100 in 30 days.

110-130 at Summer

I think there's something to that. It's worth noting that a lot of the positive buzz around Bitcoin started after the crash. There's a lot more serious capital being invested in building infrastructure, which among other things means a deeper pool of competent personnel which brings increased stability. I don't think growth will be breakneck fast but it will be persistent, and that stability and innovation in the space will build on itself, and as more goods are available in BTC there will be less reason to convert back to a fiat currency so business's will hold BTC in order to use it in their supply chain, and the BTC/USD will go up for that reason rather than as a speculative play.

the price freeze at 110btc  ;D ;D

Too much, i say 110btc

a?

The more stable price, the better for Bitcoin. But im biased because i dont hold Bitcoins speculatively in expectation of taking huge profits after price rise - seems Im exception here  :D

What are the most important influencing factors?

Would BTC drop if all russian moneys that where put into BTC during zyprus crisis would leave BTC and change back to hard money?

I think it will fall till about $70 to $80 in the coming 2 weeks and then rise again, and peak at about $120 to $130 (or is that what I am speculating on :D)
Sure hope it will be more volatile then now, because with the steady price at this moment, no money can be earned whatsoever.

Drop in 1-2 weeks due to gox problems, then rise to $150+

Slow and steady wins the race, would be good to have some calm for a while

id love to see 170s but expecting 130

1000 usd per bitcoin

I'm gonna go out on a limb here and say... definitely. :P
The cause of the price rise, as far as we know, was the Cyprus crisis and people putting money in, and by extension people seeing that Cypriots putting their money into Bitcoin would drive the price up putting money in and driving the price up. :P

Anyway, my guess is it will still be sitting around $100-$150, although $150-200 is also very likely.

sorry for noob question but what ATH mean in "it will start to rocket past the ATH" option?

ATC = all time high

it would be droping now if it were going to drop cuz of the gox problems. no this is supposed to be a rally and people are buying in. you have to match all those coins mined and all the crazy ness that is going on at gox and you would think that the price would fall like a rock. cash in the mined coins. gox is fucked up im out. but no its holding strong at this price and even steadaly rising. so what does this mean? it means that a lot of people ARE buying right now. i think this is support as ive said and this will go up in a strong bound. ten to twenty dollars when all said and done.

sounds plasable. what would make it melt up to that level and where is the support for it going all the way down to 50 ???

The price will plummet as people abandon bitcoin in favor of litecoin.

It's anyone's guess really - the market seems to be mostly affected when news hits, be it good or bad. We may get some good press, which will pique interest from new investors again (and result in a price increase); or we may have some bad news which results in a selloff; or finally prices may continue to stagnate, people lose interest, and the price may drop some.

Again, anyone's guess - news is fairly unpredictable in nature.

lite coin is a silly thing that is only for speculation. you obviously mine/hold them. but ultimately they will fall to the wayside. especially in the next month ha noooo. lightcoin might disappear in the next month though you may be right about that.

Slow and steady. Realistic ups and downs. Too much volatility can be a bad thing.

It looks to me like the price is ready for a breakout and will probably go higher than 120 within the next few days. It could be a possibility it might reach 200 if there's a breakout.

I think August will see 145-155 base range.  Testing 165 and 135.

slow and steady all the way UPPPPPPPPPPPPPPP

Here's the weird thing IMO;  the price should be completely unregulated free market, and there's no logical reason for it to be holding steady at 120.  Just plain unnatural.  I sense marketplace controls, but I don't have any basis for saying that, other than 2-3 exchanges now control almost all bitcoin - USD trading.  

I agree. i think that with all the past and current press and all the people and getting fiat into the exchanges i think that they are just waiting for something to happen. a dollar or two eather way wont do it. we gotta see like a fire arrow up. like in ten minutes we see a five dollar rise then a domino chain reaction will occur. a jail brake and everyone will hit the buy button. we are like a winding spring the more it stays steady the more it will launch and with just a hair trigger.

thats a lot of metaphors but seriously i really think it will go big when it goes.

i do like slow and steady for sure. but bit coins is not the 401k that is in a conservative get .00238% return year over year. its a wild ride of huge gains and deep dips. so lets have it! let it launch to the moon:)

also interesting that 91% think it will be above 100. and almost 15% think it will be OVER 200 bucks. wow in one month that would be awesome.

I'll look forward to that one, would like to buy some cheap coins.


Some say the idea of LTC was as a silver to BTC's gold but it's really just Bitcoin with some additional improvements. I've heard people say it is much more secure so perhaps people will opt for it in the near future. I'm certainly going to be getting some in just in case.

going up....past 150 in one month???

IMO - the reason why BTC price is volatile right now is because it is priced low.

Imagine a $21 Billion economy. That makes 1 BTC worth about $1000. When you start to get to that level and then the price rises or falls by $20... it won't be such a big deal.

Right now, those swings are huge though - and hurt the usefulness of BTC as a purchasing tool.

I believe that long term the price will rise as more business accept BTC as payment... that is simply a matter of time. So many benefits yet to be realized. Many content businesses -  big or small - can benefit from micro payments (it's one of those things that should have happened 20 years ago but couldn't because of the banking system). Porn... goes without saying.. they will embrace it. Brick and mortar... it's dead easy to set up and there is high incentive to do so because it is cheap. Obviously, online websites would do well to accept BTC... and again, dead simple.

Those are the reasons I have faith in the future of BTC and it's value going up significantly.

the price will continue going up with the difficutly

I find it refreshing when the volatility is low. May has been relatively uneventful.  Let's hope it stays that way for a while. Stability in price lends legitimacy to bitcoin.  Who (apart from us early adopter types) would want to use a currency that could lose 60% of its value in a day?

Apologies to the speculators. I try to live in the real world.

What is the average rise in percent each month last 3 years?

...

These charts are pretty scary

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2013-01-09zeg2013-06-01ztgSzm1g10zm2g25zv

http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-05-28zeg2011-11-30ztgSzm1g10zm2g25zv

... but this one is much nicer:

http://bitcoincharts.com/charts/mtgoxUSD#rg5ztgSzm1g10zm2g25zv

Do we have any patterns emerging when it comes to the time of year (instead of the usual week/monthly based patterns) or has it not been enough seasons in the public eye to be effected?

one of the first newbie statements that I like- your spot on. (as long as you mean volatility as in the big scheme of things. cuz as of now its the most stable ive seen it.)

ya the amount of money in the world is estimated at 60 trillion. i think this is low ball park though. anyways anyone want to guess what one percent of 60T is? easy 600B yep. that is one percent of the worlds fiat money 600 billion. if just one percent of the worlds money was in BTC then what do you get?

well first how many bitcoins are out there? lets go with a nice round number. so in the beginning of 2014 feb-march there will be 12million bitcoins. imagin if by that time or say this time next year we have that one percent of the worlds money in bitcoins.

so 600B divide by 12M you get your price per bitcoin. the answer is- 50,000.00 per bitcoin. you think that one hundred and fifty is to high for this currency? ha. i keep telling people that ANY PRICE UNDER THE LAST ATH IS THE BEST BERGEN EVER!!!!! hell even at 500 you are gold. but you get more if you buy now.

people think this 1,000 per bit is a pipe dream or some ridiculous idea. i think no. i think 1,000 is just the beginning.

this is all based on just one percent of the worlds money. imagine it...just one percent of what you make each year. hell in religion it is common to give 10% ... 1% is nothing. we give well over 33% to the government in taxes...thats JUST income taxes. then tax on top of tax of any purchase. another 3% and tax on land and almost everything else.

one percent is doable. and if you relay want to be conservative then halve that. say only 1/2 of 1% then you get 25,000. per bitcoin.

people need to wake up and get in now! BTC is so incredibaly undervalued that its as if you can buy BTC at LTC prices.

The price will spike during the next period of financial/social unrest or when the mainstream media picks up the stories again.

I found this site today: http://bitbet.us/

I guess you can make a bet if you feel one way or another?

ya and for it to drop and not go as far down as one would think...i mean for it to be even worth more than one dollar is huge, let a lone that it is worth hundreds of dollars lets you know that these will just continue to go up.

looks like people are starting to vote more in the 150-200 range now that its going up haha  ;D ;D ;D ;D

the price freeze at 120btc

I think it will go way up but instead of normal people mining it, it will be used as the backbone or support for other electronic currencies such as litecoin NMC etc.

as it goes past 130 lol

hoping for slow, steady rise

i suspect stability at around 120-130. and then a drop, once more and more asic hit the streets. and then a rise  to 250-300 right after christmas, once everybody starts seeing theire coin income dry up in the wake of everybody sitting on some kind of asic or another.
I then say it hits 500 for the first time, around juli 2014. just before the next gen asics comes along.

My 2 cents :)

I predict the next gen asics for 2013. Pretty sure, Team Avalon is already working on a 55nm chip.

I'll throw my guesstimate in at $185.

Just missed the vote...

But I can tell you that I fully expect Btc to be over $200 USD within a month...

The prices are being kept artificially low through the efforts of a few...

the Chinese government has come out publicly in favor of Btc as a global currency...

and once 1.3 billion chinese citizens get on board scrambling around for 11 million bitcoins...

the sky is the limit...

and being stuck in newbieville sucks balls...

I think $150-$200+

..because China, India and Principality of Sealand

......

Do you have a link for this statement?

Darf ich auch mal Eure Kristallkugel benutzen?

The Bitcoin Fund is going to be the #1 ETF on the planet.
Big money speculators will flood in.
>500

LOL!

My guess is above $150 which is the first target. If Ebay or Paypal starts accepting bitcoin, it will rocket!

Given how the price has risen significantly even though mtgox's dwolla account was taken down, the price will most likely continue going up