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Title: Prediction: $800 by April Post by: Elwar on February 25, 2014, 09:55:54 AM Based upon past capitulation events and with a floor of $400/BTC I predict that the price of Bitcoin will reach $800 by April.
Based on the numbers at that point, those that have been through this a few times should be able to get an idea of the next peak. Title: Re: Prediction: $800 by April Post by: escrow.ms on February 25, 2014, 09:58:57 AM It will for sure.
Title: Re: Prediction: $800 by April Post by: wobber on February 25, 2014, 10:01:03 AM I don't think so... Seems people are really panicked about what happened. Maybe a 600 at max, but also lowers into 200s?
Title: Re: Prediction: $800 by April Post by: Elwar on February 25, 2014, 10:05:08 AM I don't think so... Seems people are really panicked about what happened. Maybe a 600 at max, but also lowers into 200s? Well, I hope it is gradual over the course of the month. Otherwise it would be too fast. If it takes the whole month then we will be on pace for a new ATH. Too early, and it is just regular volatility. Title: Re: Prediction: $800 by April Post by: escrow.ms on February 25, 2014, 10:18:57 AM Well last year we didn't had so many buyers, but now whole world knows about bitcoins, so if hike/bubble started again it will reach new ATH for sure even without china.
Title: Re: Prediction: $800 by April Post by: wobber on February 25, 2014, 10:22:28 AM I don't think so... Seems people are really panicked about what happened. Maybe a 600 at max, but also lowers into 200s? Well, I hope it is gradual over the course of the month. Otherwise it would be too fast. If it takes the whole month then we will be on pace for a new ATH. Too early, and it is just regular volatility. It won't be much of ATH if it goes to 1330 or so, and down to 500s again. Still, I don't think we can see new ATH this year. LE: I mean, who's gonna buy all those 3600 btc/day? Title: Re: Prediction: $800 by April Post by: Miz4r on February 25, 2014, 10:25:31 AM Let's see how this whole thing plays out first. It could be like the Silk Road crash, with the media all wondering about why the price is holding up so well despite MtGox lying in ruins. There's no such thing as negative publicity for Bitcoin, everyone thought the Silk Road shutdown would be disastrous for Bitcoin but it wasn't. I tend to believe the same thing may be true for the shutdown (or takeover) of MtGox. Whatever happens, these are exciting times for sure. ;D
Title: Re: Prediction: $800 by April Post by: porcupine87 on February 25, 2014, 10:35:42 AM LE: I mean, who's gonna buy all those 3600 btc/day? Noone has to buy the new mined coins. Do you think all miners sell instantly? This is a "everything is possible"-year. I think we reach a new ATH before July. Depending on the news which I don't know. Title: Re: Prediction: $800 by April Post by: wobber on February 25, 2014, 10:37:59 AM Let's see how this whole thing plays out first. It could be like the Silk Road crash, with the media all wondering about why the price is holding up so well despite MtGox lying in ruins. There's no such thing as negative publicity for Bitcoin, everyone thought the Silk Road shutdown would be disastrous for Bitcoin but it wasn't. I tend to believe the same thing may be true for the shutdown (or takeover) of MtGox. Whatever happens, these are exciting times for sure. ;D By no means I want to make people feel stupid, but there's almost no reason for the Gox-Scam-Incompetence to affect the bitcoin price. I'm satisfied of what I saw last 3 weeks, Bitcoin did really well ignoring MtGox. And still does. But, trend is trend so we'll see lower also. Title: Re: Prediction: $800 by April Post by: Miz4r on February 25, 2014, 10:40:16 AM Bitcoin did NOT ignore MtGox lol, you must be really oblivious if you think that.
Title: Re: Prediction: $800 by April Post by: smoothie on February 25, 2014, 10:53:10 AM MTGOX shutdown is like a Silk Road shutdown from last october.
Title: Re: Prediction: $800 by April Post by: wobber on February 25, 2014, 10:55:34 AM Bitcoin did NOT ignore MtGox lol, you must be really oblivious if you think that. Considering I was expecting price to really pop to 200s... i'm still amazed. Title: Re: Prediction: $800 by April Post by: checkers6676 on February 25, 2014, 10:55:48 AM im holding my btc until the next block reward halving.
Title: Re: Prediction: $800 by April Post by: GigaCoin on February 25, 2014, 11:07:47 AM I must admit i saw the prices going lower after waking up to the Gox news. The dip to $400 unfortunately happened when i was asleep so for me it doesn't count, i managed to buy in this dip at $475 with some Fiat.
Title: Re: Prediction: $800 by April Post by: Torque on February 25, 2014, 05:05:07 PM I must admit i saw the prices going lower after waking up to the Gox news. The dip to $400 unfortunately happened when i was asleep so for me it doesn't count, i managed to buy in this dip at $475 with some Fiat. Same here, bought just before the dive to $400. Still managed to get some more under $500. We might go sideways for a while instead of steadily up, but didn't it do the same after June's final capitulation? Title: Re: Prediction: $800 by April Post by: Cyberlight on February 25, 2014, 05:08:51 PM MTGOX shutdown is like a Silk Road shutdown from last october. http://ireport.cnn.com/docs/DOC-1054541In perspective. Title: Re: Prediction: $800 by April Post by: Obi-Wan Coinobi on February 25, 2014, 05:10:03 PM One bad apple spoils the bunch, but doesn't ruin apples...they are good! Now, more people know about apples and we will all be eating apple pie soon. (sorry, I ran away with the apple analogy)
Title: Re: Prediction: $800 by April Post by: mjsbuddha on February 25, 2014, 05:14:32 PM im holding my btc until the next block reward halving. why? price didn't jump last time. with a daily exchange volume in hundreds of thousands of coins, newly mined coins make up like 2% of the daily volume. Mining rewards are just to small a percentage to effect price much. Title: Re: Prediction: $800 by April Post by: hostmaster on February 25, 2014, 05:15:35 PM Based upon past capitulation events and with a floor of $400/BTC I predict that the price of Bitcoin will reach $800 by April. yes i also think so.Based on the numbers at that point, those that have been through this a few times should be able to get an idea of the next peak. Title: Re: Prediction: $800 by April Post by: ThatDGuy on February 25, 2014, 05:22:38 PM im holding my btc until the next block reward halving. why? price didn't jump last time. with a daily exchange volume in hundreds of thousands of coins, newly mined coins make up like 2% of the daily volume. Mining rewards are just to small a percentage to effect price much. Didn't the last halving happen in December 2012? April 2013 wasn't too far after that. Granted, there were other things going on, but I absolutely think that reward halving has an effect - even if it's largely psychological at first. Title: Re: Prediction: $800 by April Post by: mjsbuddha on February 25, 2014, 05:44:26 PM im holding my btc until the next block reward halving. why? price didn't jump last time. with a daily exchange volume in hundreds of thousands of coins, newly mined coins make up like 2% of the daily volume. Mining rewards are just to small a percentage to effect price much. Didn't the last halving happen in December 2012? April 2013 wasn't too far after that. Granted, there were other things going on, but I absolutely think that reward halving has an effect - even if it's largely psychological at first. You are saying the price halving resulted in a price spike 1/3rd of a year later? :P lol Title: Re: Prediction: $800 by April Post by: chriswilmer on February 25, 2014, 05:45:13 PM MTGOX shutdown is like a Silk Road shutdown from last october. I have a feeling you're right... Title: Re: Prediction: $800 by April Post by: mjsbuddha on February 25, 2014, 05:48:15 PM MTGOX shutdown is like a Silk Road shutdown from last october. I have a feeling you're right... except gox was way more important to the average btc user then silk road was. Title: Re: Prediction: $800 by April Post by: chriswilmer on February 25, 2014, 05:51:04 PM MTGOX shutdown is like a Silk Road shutdown from last october. I have a feeling you're right... except gox was way more important to the average btc user then silk road was. The point is that in a "catastrophe" the strongest hands that will eventually sell... sell. So, in the aftermath, you've shaken out everybody who was nervous about Bitcoin's future and there's no more room to go but up. Title: Re: Prediction: $800 by April Post by: ThatDGuy on February 25, 2014, 07:05:17 PM im holding my btc until the next block reward halving. why? price didn't jump last time. with a daily exchange volume in hundreds of thousands of coins, newly mined coins make up like 2% of the daily volume. Mining rewards are just to small a percentage to effect price much. Didn't the last halving happen in December 2012? April 2013 wasn't too far after that. Granted, there were other things going on, but I absolutely think that reward halving has an effect - even if it's largely psychological at first. You are saying the price halving resulted in a price spike 1/3rd of a year later? :P lol No. I'm saying that it was one contributing factor of many. Bitcoin events do not occur in a vacuum. |