Bitcoin Forum

BTC

It has been two weeks since my last vote.
As my last vote mentioned,
BTC did stay around 100 USD for weeks.

August is coming.
Up to now, BTC stays on 102 USD.
It seems that BTC get the opportunity to hoik.

let's forecast here!

   
If you want to know about the different investment styles between yours and others,
you can vote below:
https://bitcointalk.org/index.php?topic=256842.0

I choose BTC will hoik in 48 hours.   ;D

I haven't sold my BTC,
I will hold them until it reaches its own price in April.

August is my birth month soooooo "Rise up to 125 USD in a short time"  ;D

So what?
You will earn good money from this day onwards?

Right?.. ;D

A short look in   bitcoincharts.org :

Bitcoins sent last 24h         185,255.26 BTC
Bitcoins sent avg. per hour     7,718.97 BTC

That is really very low and maybe a sign for many people see Bitcoin just as an investment instead of trading exchange.
My hope is BTC will rise slowly - but I see the risk that it will hoik up to go down very fast after that.

what's a little wishful thinking  ;D

we need stabler exchanges so that we have a foundation to build commerce upon.

and yeah, $18.5M in bitcoins exchanged in 24hr is pretty low, but I guess it was also a sunday. chart?

Yes, I just find that the volumes of BTC in several exchange sites show something unusual,
So I guess chance might be coming.  ::)

now these numbers are not shown at all anymore (http://bitcoincharts.com/bitcoin/ (http://bitcoincharts.com/bitcoin/)):

24 hours passed after the vote started.  ::)

23 bitcoiner vote for it.

8 of them think that BTC will be back to 125 USD in a short time.

But I notice that some of the voters are worried about BTC might drop below 65 USD.

I still hold my BTC now.
I think it will hoik in 48 hours.
Now, 24 hours left to prove.

The one thing that's certain here is government stupidity and central bank stupidity, they're still printing money like the imbeciles they are thinking it's fixing everything and we're currently at the phase now where everybody thinks the economy is going fine. It will take awhile but I actually think that Bitcoin will follow the same style as gold and just keep going up and up because now we've got a lot of people coming in so the price changes will be less volatile, someone selling a couple of thousand Bitcoins won't have the same impact it used to.

I voted that it will hoik in 48 hours.
Time out now..

BTC rose from 93 USD to 109 USD in the past 48 hours.
Not surprise at all for me. :-\

OK.
I didn't hit the truth.

Do you?

You can still vote to prove your guess.  ;)

My vote was it stays around 100.  I would actually say there is a soft ceiling around 111 at gox. If it breaks it could run and hit another soft ceiling.  Long term I say growth, necessity of it's design and assuming adoption in the economy.

I wouldn't be surprised if you see a flat coin for another month, trending between 85 and 115.

voted for dropping to 60s because I think bitcoin is still inflating at that current high price.

I think "BTC will stay around 100 USD for weeks."

Seems to be headed up lately.  I think $120 eventually.

If someone chose option "I am afraid it will be back to 60 USD again.",
what he really thinks is   "I really really hope it will be back to 60 USD again" :)

As soon as Mtgox starts reliably processing withdrawals, there will be huge selling pressure and a big drop.

Nearly 5 days now.

The top two choices are:
Rise up to 125 USD in a short time.-------------------24 vote
BTC will stays around 100 USD for weeks.------------20 vote

Though 24 is a bit more than 20,
but the price stays around 100 since the end of July.
So there might be more people to choose item 6 in the future.  ::)

what is"hoik"? I, obviously, am a noob here.

There will probably be downward pressure on bitcoin in August as the global economy continues to show signs of strength and recovery, fiat currencies stabilize and an influx of miners enter the network. A selloff wouldn't be surprising. Target price point: 70USD.

We're creeping back!!  Back to at least the 120-130 mark for the timebeing....  ::)

it is the question of supply and demand.
if people stop buying so heavily it could suddenly decline because sellers could be afraid of high price.
high price is good for miners with asics who invested lot of money. but if early adopters who are holding BTC since 2010 deceide that they could sell part of BTC because price is quite high (and that they would buy BTC back for lower price) and it will not be sufficient demand then price could easily fall quickly down to 60 again,

what happened to goods and services which you could buy for BTC? do we have 10x more exchanges than in January where you can buy BTC for USD?
why the price should be 10x higher than in January?
did unemployment decline significantly or do people get 10x bigger salaries or did USD dropped 10x lower so that in order to get balance it is a no brainer to buy BTC heavily for $120?
how many times price of stock/commodity return (even lower) to the state where it was before significant uptrend? how many times does the price stay relatively high without significant and obvious reason which could be seen easily by anybody?

I agree.
if anything, price fluctuate up and down it is the only scientifically proved thing.
Nothing goes only up without obvious and significant reason (like sudden hyperinflation of USD etc)

in pool it should be at first place and not "I am afraid of...." but maybe I expect downtrend or similar possibility
I guess if price fall the only outcome of it would be bigger demand which will lead to high price
it would be more "normal" if price would decline to $50 or lower and then it could bounce from that level to $1000. but when it is like this and volume is not very high then I dont put my hard earned money in it.

and how many people who voted are planning to buy at least 1 BTC for 120 because they want to sell it later for 150?
maybe none?

there should be maybe opinion poll where questions are like:
how many BTC and for what price are you going to buy this week/in next feww weeks

if there is demand weaker than supply it will fall.

or another question
when are you shopping, how many of you will choose to buy for double price something that you (almost ) dont need? e
g. would you buy some winterjacket (which you will maybe need in 3 years from now) by the end of winter when shops are offering winter sale and price will fall probably?
 I agree that someone who bought Asics need to pay back the investment but these people dont buy any BTC, they are sellers....

just because people hate these high summer temperatures it will not start raining

this is my forecast : $157 for each coin
hopefully will reach $200 soon

Assuming no dollar and euro problems, bitcoin should be getting quite boring. There are also some serious supply pressure, which should all drive the price down a bit.

OK, and how many BTC are you going to buy today or this/next week (exactly you personally) or some friends of you or someone who you know?
Because my friends nor I are not gonna buy any BTC for $100 and above.
And in order the price to go up it must be more buyers than sellers. I would say significantly more buyers with enough money to push the price above $100, above $120 etc

Thus I assume that expected $120 level cannot stay forever.

Go to see the bitcoin prize during the first week of April.
Imaging that you were holding lots of BTC.

Then you can understand the meaning of hoik.  ;)

 Definition of hoik       
noun- yank, strong sudden pull; sudden sharp lift; shout used in hunting to encourage hound dogs to move faster
verb- pull or move with a sudden jerking motion; lift up suddenly; yank

v. To lift something up wildly

Oh.

Didn't we guess the right price trend ???

106 USD.

BTC stayed around 106 for a whole week since August.

It actually couldn't stay above 110 USD.

It seems that it's going to fall now.

Since it rose a bit and didn't reach a higher price,
it's not a good situation for it to rise in a short time.

If you are bullish about the trend days ago,
then I suggest you to watch out.   ::)

BTC need to go back to .01 usd That is my vote.

As I said yesterday,
BTC comes back to 100 USD now.

Did you sell or hold bitcoins by the vote?

Then it's not easy to forecast now.   ::)

100$ for weeks, cause without some big media story or some big player accepting bitcoins, there is not much going on¹, so the price will probibly be stable for some time.

¹ other than the difficulty spike, but I don't see how that would affect the price.

I think it will rise up to 125.

No big reason for a huge increase in August but I would hold on to my coins as the end of Sept. - Oct will see a huge increase in difficulty. This might not lead to an immediate price increase but over the long term it is inevitable. 100 - 110 in Aug. maybe up to 200 by 2014?

:) 

Now it's dipping a little.  What price do you think September will see?

^ $50 by October unless some substantial "news" is my guess...

It will be ~$80. I believe the price will drop to around $50 by Q1 2014, until it will again skyrocket to >$100 just like earlier this year. Everything new is old again.

Happy birthday and wish your wish become a true :)

Rise up to 125 USD in a short time   

BTC rise to $125  +100500

It seems as though 106 is the magic number. Perhaps bitcoin will stabilize? It's not a bad number to stay at.

100 is magic number.
Good BTC is so stable here, that is very good for Bitcoin

It has been just half a month since the vote started.
Over 160 bitcoiners vote for it.

We can find some interesting things by the results.

And most of us choose the right price trend of BTC.
Over 80% are very confident of BTC's future. :)


If they keep the faith, then they could earn more by holding BTC.


To be honest, did you do as you said here? ;D

If yes, congratulation!
If no, at least you can feel the forecast abilities from our bitcoiners here.  ;)

I still think it could fall down to $50 this year.
This is very high price for outdated cryptocurrency. In my opinion price over $110 will lead inevitably to many hundreds of cryptocoins (clones of BTC and LTC which could have problems to survive in the long term) however it also simoultaneously inspires developers to many new ideas and many innovative coins arise, such as follower of PPC with proof of stake concept or coins with very fast confirmation. I wouldnot wonder if in several years could be common 1 sec. confirmation.
And why people should use outdated BTC in ten years from now when today people dont like their mobile phone or netbook just because it is already half year old...?  :o  ???  :o  ???

especially the last poll question should be formulated like how much BTC do you buy if it declines to $60 this year or something like this.
at first who is afraid of falling price down? miners? asics producers? maybe but not me or my friends for sure.
and at second people would only start buying and putting more money into BTC and cryptoenviroment so there is no reason to fell some worries or concerns.  8)  8)  8)

it reminds me when I was studying and did opinion polls with people in the streets - if you ever did this kind of job then you know how worth these polls are (I give you a hint - it is almost worthless :)
I would be interested in results of poll if there would be questions eg how much money or effort or time do you invest in BTC if price rises/declines to $......
but this only summarizes some suggestions and thoughts of readers who seems not to buy or sell many (or even none) coins  ;D  ;D  ;D  ;D

At the end of August the price will be 125 at MtGox, still a lot of USD needs to be exchanged for BTC there

I believe stable price is good for merchants and minners, thus good for Bitcoin

It seems that the time for bitcoin to reach 125 USD would be a little earlier than you think.

Now it had already reached 123.
And rose fast during the past 3 days.

Will the August give us a big surprise?

We still have more than 10 days for forecasting.   ::)

I respectfully disagree, real market price is good for miners and merchants.
Its nice to get paid in a currency that appreciates and it stays worthwhile to mine too.

I predicted $125 or better so far so good. One thing is for sure it will get allot harder to mine coins so there will be less new coins coming into circulation.
Demand seems to be growing.
We will be seeing currency devaluations of at least 5 big countries in the next few months.
These factors combined could push up the value of BTC much higher.


   

There will be same amount of new coins coming into circulation regardless of difficulty.

Already over $120 on Mt Gox. I say it stays rangebound between $120 - $125 on Mt Gox (which I don't really follow or care that much about).

Bitstamp on the other hand, has been hanging around $112 the past few days. It hovered into the $113 range, but I think will remain above $110 for the foreseeable future. There will continue to be support at $110 until the next big move to the upside in the next month or two.

BTC will rise bit by bit for a long period.

Cheers

This, followed by fast dip of course

It will rise and rise, slowly but surely, they will be a couple more crashes, inevitable due to a smorgasbord of reasons, however watch the incremental rise through August, up past 130$....   :o

Now is the end of August.

September is coming!

I will lock the vote in days.


And you can forecast bitcoin price trend in September by my new post below:

https://bitcointalk.org/index.php?topic=284865.0

 
 ::)

https://i.imgur.com/qjqYG4a.png
Just hit 125 USD bitstamp in <30 minutes

130 for the end of the first week of September

I agree with this.  I also think we will see smaller spreads between gox and other exchanges by the end of of sept.

I think we will see a smaller gox than other exchanges by the end of sept.
Eventually there will be no gox delays because 10 transfers per day will be all that their customers will be requiring.

Seems

BTC will rise bit by bit for a long period

was the best pool answer

It's because of the volume, the erratic price movements we saw before are going to be a lot less likely now since lots of people are trading rather than just a couple with lots of coins.