Bitcoin Forum

Economy => Speculation => Topic started by: bitcoinrocks on September 01, 2013, 07:33:12 AM



Title: Where is the BTC price headed?
Post by: bitcoinrocks on September 01, 2013, 07:33:12 AM
I've been wanting to buy and hold some BTC for awhile.  Is there a consensus on where the price is heading right now?  Should I buy now or wait?


Title: Re: Where is the BTC price headed?
Post by: Phinnaeus Gage on September 01, 2013, 08:10:46 AM
Let the music play!

http://b.vimeocdn.com/ts/453/825/45382565_640.jpg


Title: Re: Where is the BTC price headed?
Post by: LiteCoinGuy on September 01, 2013, 11:29:49 AM
I've been wanting to buy and hold some BTC for awhile.  Is there a consensus on where the price is heading right now?  Should I buy now or wait?

nobody knows. if you believe in it, you can buy at any time.


Title: Re: Where is the BTC price headed?
Post by: tmbp on September 01, 2013, 12:01:17 PM
I've been wanting to buy and hold some BTC for awhile.  Is there a consensus on where the price is heading right now?  Should I buy now or wait?

Watch the media and/or perception of the public.


Title: Re: Where is the BTC price headed?
Post by: marcovaldo on September 01, 2013, 01:21:59 PM
You can wait, or buy now.
Why would anyone tells you what to do with your money?


Title: Re: Where is the BTC price headed?
Post by: bitcoinrocks on September 01, 2013, 02:02:40 PM
Long term I believe it's going up.  I just wonder if people expect it to go down first.  Sounds like there isn't a consensus.


Title: Re: Where is the BTC price headed?
Post by: capsqrl on September 01, 2013, 02:12:52 PM
If there were consensus on where the price is going, it would have already gone there. Basic economics.


Title: Re: Where is the BTC price headed?
Post by: tmbp on September 01, 2013, 02:39:18 PM
Long term I believe it's going up.  I just wonder if people expect it to go down first.  Sounds like there isn't a consensus.

BROTIP: If SR crashed tomorrow the Bitcoin worth would be reduced drastically.


Title: Re: Where is the BTC price headed?
Post by: adamstgBit on September 01, 2013, 02:46:39 PM
Long term I believe it's going up.  I just wonder if people expect it to go down first.  Sounds like there isn't a consensus.

BROTIP: If SR crashed tomorrow the Bitcoin worth would be reduced drastically.


lol no


Title: Re: Where is the BTC price headed?
Post by: tmbp on September 01, 2013, 03:04:54 PM
Long term I believe it's going up.  I just wonder if people expect it to go down first.  Sounds like there isn't a consensus.

BROTIP: If SR crashed tomorrow the Bitcoin worth would be reduced drastically.


lol no

Pretty much the only incentive for the average person to buy BTC.


Title: Re: Where is the BTC price headed?
Post by: JimboToronto on September 01, 2013, 03:09:54 PM
Average people buy bitcoins?


Title: Re: Where is the BTC price headed?
Post by: Kazu on September 01, 2013, 03:52:45 PM
Average people buy drugs?


Title: Re: Where is the BTC price headed?
Post by: tmbp on September 01, 2013, 04:55:50 PM
Average people buy drugs?

Drugs, steroids, home vasectomy kits, whatever you're into  ;D


Title: Re: Where is the BTC price headed?
Post by: smoothie on September 01, 2013, 06:58:04 PM
Up


Title: Re: Where is the BTC price headed?
Post by: bitcon on September 01, 2013, 07:02:28 PM
SR has crashed before. didnt affect price of btc.  SR isnt the only black market site ppl can use. 


Title: Re: Where is the BTC price headed?
Post by: smoothie on September 01, 2013, 07:07:30 PM
SR has crashed before. didnt affect price of btc.  SR isnt the only black market site ppl can use. 

Yup. That myth that SR is what is propping Bitcoin price up was debunked. Glad that happened.


Title: Re: Where is the BTC price headed?
Post by: Beta-coiner1 on September 01, 2013, 07:44:27 PM
Imo,Up.....as long as Mtgox is the lead exchange for BTC.


Title: Re: Where is the BTC price headed?
Post by: smoothie on September 01, 2013, 07:45:17 PM
Imo,Up.....as long as Mtgox is the lead exchange for BTC.

I disagree. Bitcoin is much bigger than GOX.


Title: Re: Where is the BTC price headed?
Post by: Beta-coiner1 on September 01, 2013, 07:52:50 PM
I disagree. Bitcoin is much bigger than GOX.
It is....but tell that to the price fluctuations.


Title: Re: Where is the BTC price headed?
Post by: ElectricMucus on September 01, 2013, 08:00:25 PM
Imo,Up.....as long as Mtgox is the lead exchange for BTC.

I disagree. Bitcoin is much bigger than GOX.

About twice as big.


Title: Re: Where is the BTC price headed?
Post by: gadman2 on September 01, 2013, 08:07:35 PM
Into the dirt once a non third world government gets tired of it and decides to shut it down.


Title: Re: Where is the BTC price headed?
Post by: adamstgBit on September 01, 2013, 08:13:34 PM
Into the dirt once a non third world government gets tired of it and decides to shut it down.

I agree. Bitcoin is a fragile thing. Anyone holding them should be scared shitless.

bitcoin is an insider's currency, ya we could all sell, but why would we sell our money??? for wat? AM100, no thanks...

some assorted Honey Caramels (http://www.beesbros.com/bitcoin-store.html) tho, thats good shit!   :D


Title: Re: Where is the BTC price headed?
Post by: bitcon on September 01, 2013, 08:21:25 PM
If anyone has been consistently right about Bitcoin, it's Mucus. I don't know what he is posting, but listen to that guy! I remember him being "all in" fiat at $6. If he has any bitcoins, he must have bought back higher, because the price has never dropped below since.

oh, is that why his ignore button is so bright, burning like the sun out there in space?


Title: Re: Where is the BTC price headed?
Post by: RationalSpeculator on September 01, 2013, 09:20:10 PM

I disagree. Bitcoin is much bigger than GOX.

About twice as big.

 :D


Title: Re: Where is the BTC price headed?
Post by: tmbp on September 01, 2013, 09:23:07 PM

Well tragically the average person is stupid and unaware of the faults of the fiat system, so yes, it's pretty much the only incentive for the average person.

I stand on my claim till death!  ;D


Title: Re: Where is the BTC price headed?
Post by: 600watt on September 01, 2013, 09:40:46 PM
Pretty much the only incentive for the average person to buy BTC.

[img...

Well tragically the average person is stupid and unaware of the faults of the fiat system, so yes, it's pretty much the only incentive for the average person.

I stand on my claim till death!  ;D

the times when the majority of new bitcoin users came through sr are over. most of us are bitcoin enthusiasts, either big time or small time, the enthusiasts get other people interested and there is more and more mainstream media coverage.


Title: Re: Where is the BTC price headed?
Post by: phoenix1 on September 02, 2013, 01:38:37 AM
Fiat may be fucked, but so is BTC ... still slaves, different master


Title: Re: Where is the BTC price headed?
Post by: tobyaus on September 02, 2013, 01:40:42 AM
Fiat may be fucked, but so is BTC ... still slaves, different master


Did you just post the same thing on 7 threads?


Title: Re: Where is the BTC price headed?
Post by: phoenix1 on September 02, 2013, 01:41:51 AM
Fiat may be fucked, but so is BTC ... still slaves, different master


Did you just post the same thing on 7 threads?

Yup  :D

BTW, have you noticed how few new threads there are other than people asking 'how high is this going' ??


Title: Re: Where is the BTC price headed?
Post by: XxionxX on September 02, 2013, 01:46:56 AM
Into the dirt once a non third world government gets tired of it and decides to shut it down.

I agree. Bitcoin is a fragile thing. Anyone holding them should be scared shitless.

bitcoin is an insider's currency, ya we could all sell, but why would we sell our money??? for wat? AM100, no thanks...

some assorted Honey Caramels (http://www.beesbros.com/bitcoin-store.html) tho, thats good shit!   :D

Omg those things are good. Not only has bitcoin made me more money than my job, given me immense knowledge about currency and trading, and even paid for the laptop I am typing on right now. But they bought my family AMAZINGLY TASTY CARAMELS FOR CHRISTMAS!!

Thanks for reminding me to buy more adamstgBit.

Fragile!? Not only would I not care if it was, I am pretty sure the word you are looking for is 'antifragile'.


Title: Re: Where is the BTC price headed?
Post by: tobyaus on September 02, 2013, 05:29:48 AM
Fiat may be fucked, but so is BTC ... still slaves, different master


Did you just post the same thing on 7 threads?

Yup  :D

BTW, have you noticed how few new threads there are other than people asking 'how high is this going' ??

Sure have. Too many have motives. Also noticed it's the speculation section. All speculative ;)


Title: Re: Where is the BTC price headed?
Post by: FNG on September 02, 2013, 05:35:45 AM
Fiat may be fucked, but so is BTC ... still slaves, different master

I just tried to us an ATM..my transaction was declined for possible fraud and I had to waste time calling my bank.

The fiat banking system is a mess..I just bought some more bitcoin because of this


Title: Re: Where is the BTC price headed?
Post by: bitcoinrocks on September 02, 2013, 06:22:25 AM
Speaking of media coverage, this hits the newstands in the September 2nd issue apparently:

http://www.forbes.com/sites/andygreenberg/2013/08/14/meet-the-dread-pirate-roberts-the-man-behind-booming-black-market-drug-website-silk-road/

The article is just as much about BTC as SR.


Title: Re: Where is the BTC price headed?
Post by: rampantparanoia on September 02, 2013, 06:32:33 AM
Speaking of media coverage, this hits the newstands in the September 2nd issue apparently:

http://www.forbes.com/sites/andygreenberg/2013/08/14/meet-the-dread-pirate-roberts-the-man-behind-booming-black-market-drug-website-silk-road/

The article is just as much about BTC as SR.

things are heating up!


Title: Re: Where is the BTC price headed?
Post by: dnaleor on September 02, 2013, 07:02:44 AM
drop to 110 in the next week.
Than slow and steady rise towards 250 in februari 2014
than a new bubble to 500 or more :p


Title: Re: Where is the BTC price headed?
Post by: 600watt on September 02, 2013, 07:09:19 AM
drop to 110 in the next week.
Than slow and steady rise towards 250 in februari 2014
than a new bubble to 500 or more :p

will hit 200 in november

250 december  8)


Title: Re: Where is the BTC price headed?
Post by: viboracecata on September 02, 2013, 07:49:34 AM
you can buy some within you can afford.