Bitcoin Forum

Economy => Speculation => Topic started by: Crindon on July 06, 2013, 10:54:04 PM



Title: How low will it go?
Post by: Crindon on July 06, 2013, 10:54:04 PM
How low do you think Bitcoin will go before it levels off then begins to rise again?

$60 USD/BTC within the next 7 days? 
$55 USD/BTC within the next 7 days?
$50 USD/BTC within the next 7 days?
$40 USD/BTC within the next 7 days?
$25 USD/BTC within the next 7 days?


Title: Re: How low will it go?
Post by: leopard2 on July 06, 2013, 11:08:03 PM
The inner value of BTC is zero

The outer value could drop below 10$, depending on whether the Dark Empire manages to stop its peons from owning BTC, or to break BTC as a whole. Sure BTC will survive outside of the US but its dollar value would suffer...after all, most of the worlds monopoly money is printed in the USA.

If you look at the last crash, the current price target would be around $20+/- 5$ before it climbs again, and the next high would then be $2000+


Title: Re: How low will it go?
Post by: acoindr on July 06, 2013, 11:17:57 PM
This belongs in Speculation (https://bitcointalk.org/index.php?board=57.0).

Also, you forgot the counter position. Why not also ask how high it will go now having reached bottom? Are you looking for cheap BTC?


Title: Re: How low will it go?
Post by: worldinacoin on July 06, 2013, 11:39:46 PM
Bitcoin seems to be hovering at about $70, lets hope that it can climb up after this.