Bitcoin Forum

The price as of this posting is 428 USD on both BitStamp & Coinbase.

Will it rally and blow past 500?

Or will it stall and dip below 300?

Predictions?

You missed an option.

Isn't it also possible that it stays between $300 and $500 for near future?  Perhaps neither rallying nor dipping?

My question was aimed at finding out what people think will happen FIRST, it was a long term question, not which will happen immediately or in the next few days.

I agree it will hover where it is for a while, but when it moves, where will it go first?

curious to know what people think. =)

I'm guessing bitcoin >$500.  I have noticed that hardware prices (per GH/s) are going up but I can't imagine that's going to continue.  Sites like cex.io have the GH/s cost on a continual (nearly) downtrend, as it should be.

Right now, looks like it'll be hitting $500 before it hits $300.
Too much demand right now for it to stop.

I know what your question was.  My suggestion was that there is a possibility that it stays between $300 and $500 for the next few decades (or few centuries, or whatever you consider "long term").

It might exceed $500 and NEVER drop below $300 again.

It might collapse and be replaced by a new crypto-currency that is in some way better than bitcoin, NEVER to exceed $500.

It might waver back and forth between the two values crossing each more than once (in which case one of them would happen "first" as you've suggested).

However, you are creating a bias in your selection sample by excluding the possibility that it doesn't cross either threshold within the timeframe you have in mind.

It's looking very likely that it will hit $500 sometime in the next week.  After that, if BTC gets down below $300 it it probably for some actual reason --such as government regulation-- and not just random market fluctuations. 

Of course this is just my prediction and isn't really based off anything.

I'll go with the BTC=500$

Price will drop to below USD400 this weekend and then increase to around USD500 by the end of next week. That's my guess.

I think that it will go to 500$. Since yesterday the amount of bitcoins on the sell side till 500$ has halved from ~6k to ~3k.

500s first then will likely correct to the low 300s....

That's a bit too low.

500 for sure.

It's right in the middle.

If it stays at $400 right now I'd be happy!

It's possible, the buy side is strong.

I feel like there's a big drop coming....

This is not a bubble, so no.

thats what i would say to.. the fact that it is still holding stroung at around the $400 mark is a pretty good sign i would say

I believe it would hit $500 first, but correctly is likely before hitting $1000...

Unless bitcoin is replaced by something else, $300 is not likely to happen. It is far more mainstream now than it was half a year ago.

Bitarchist, please consider creating a poll next time you start a similar thread.

It will correct lower at some point, but not before hitting $500. Bitcoin is in the 'mass buying frenzy' stage. This is known as a "Wave 3" in Elliot Wave Theory.

Great idea! Thanks. =) I didn't realize i could do that.

Nothing is gonna replace bitcoin. At least not anytime soon.

Yes, replaced by Litecoin most likely :). Buy some ....

I think we will see 500 first before 300... we definitely will not see it straight up to 1000.

I believe it go up $500, stay for a while and dip, stay between $300 to $400 for a long time.

Fingers crossed that its 500$

It's gonna blow through $500 by middle of next week.  $500 is still a minuscule fraction of what one BTC will eventually be worth should a major industry adopt it, i.e. remittance.

Seems like 500 usd is the correct answer :P

$500 first, $300 next and $1000 next ... weeee...

500

I doubt that it will crash that much.

I put my bet on 500$. bitcoin is going up like crazy