Bitcoin Forum

The price of Bitcoin is currently around $550.

Which do you think will happen first: a $250 decrease to $300, or a $250 increase to $800?

I want to get cheap coins first so.... 300  ;D ;D

300, so we can get rid of many bag holders who'll leave the market in the capitulation and stop pushing prices down.

I will tell you why this poll should be worrying for holders of Bitcoin.

It shows that the majority believe in the bullish case, but as anyone can testify by doing a quick review of previous polls on this forum, it can be clearly deducted that in the majority of cases, the majority are wrong.


Would Mark Karpeles and his mates with their 500K + defrauded Bitcoins be counted amongst those 'bag holders'?

What about the hacker thieves? Cashed out already have they? Show me the volume spikes where you suppose that they have cashed out (remembering that cashing out a big bulk of stolen coins without being detected isn't an easy thing to do).

What do you mean? The majority are optimistic?

300 on the way to 10 ;D

In the time since I posted that, the bull/bear ratio has changed quite a bit.

Still nearly 2:1

It could go to 300$ but I think it is more likely that it goes to 800$

300$ then 800$ would be pretty nice bc I would have buy up a lot from 500 to 300$ :)

Most of the weak hands bought in the 300-1000 range last year. This is visible by USD volumes on exchanges and the growth of users on r/Bitcoin last autumn. If a good portion of them can be shaken out a lot of selling pressure will go away.

Short term: Bounce to 580$-590$ then back down to below 530$.

Medium term: 135$

Only guessing, so probably it will be different.

Alright! Here is my prediction! The price will go up... unless it goes down! Don't forget to tip me when my prediction comes true!

You are missing the "yes" option.

You obviously known what they say about past performance.

I really think there's gonna be huge buying pressure well above  the $300 mark.

I hope I'm right.

it's so easy to throw out quick predictions, what is your reasoning for $100s? shit even Fonzie just bought a bunch...

The lower bollinger band on the weekly chart is now at 411$.

Would be better not to touch it.


EDIT2:
It is also easy to deny the fact, that we have been there already (for whatever reason).

Besides this, there is talk about raising interest rates at the fed. Would be quite damaging (also to PMs), if true.
EDIT:

If it hit's $300 i predict mass panic dumping will start.

I think the majority of the panic has already happened. The majority of those who held coins in the past will continue to hold coins in the future. If the price goes to 300 I think you will see a lot of new money injected into the market before you see a panic sell.

Mat. Go back and read this thread in early July 2013. There is this mythology being spread around that when were approaching $63 that there was blood in the streets, people crying and panic everywhere. When, in fact, there was not. No more (probably less) than there is today. So explain that to me, and I'll just put all my money in a bank right now. ;)

Look. You joined this forum in 2011 and your first post was wanting to sell something for a bitcoin in exchange. And somewhere along the way you became dissolutioned with bitcoin and now you are happy to see if fall to a few pennies so that you can tell any and everyone how right you were all along.

So either you're trolling us all for cheaper coins or your just bored. Either one, you haven't offered any analysis that makes sense. The factors you follow are as if you picked them from the sky.

it will never reach 300 =.= there are only 12 mil coins.. not infinity.. LOL! price will go up of course..

It could reach 300$ but it is unlikely

I am waiting for a small crash for 2months now, maybe we already had the much needed correction and we will start the new bull market, 1500$ then 2000$ a lot of hype + economic turmoil in the US and Europe, countries will adopt bitcoins and all the qualities of the coin will be seen for what they are

Then it is hard to know what price we could see : 3,000$? 5,000$? 30,000$? Probably a lot more than that

i think this week and last mth was the crash that u have been waiting for.. dont think there will be crash again.. unless CEOs from exchanges wanna declare bankrupt and have their assets frozen..

Don't make the mistake of giving this rabid clown a serious answer.

Just remind him that he is a Bitcoin Bagholder and that suicide is always an option.

it will be worth much more than 800 by the end of april, mark my words.

Well 300 was old peak and we stabilized at about 2X that value so I am calling this the low point till the next rally
Next guess at 800 for me

 ???

Which exchange?

That is a Lie. My first post was about Mtgox.

It can be found here: https://bitcointalk.org/index.php?topic=33413.msg417704#msg417704

I never wrote anything about wanting to exchange something for bitcoin.


None of them both. Who is "us"? One should speak for himself, not trying to patronize others.


It is called speculation. One could argue against it, but simply offering rhethoric and personalizing debate is meaningless.

You're right. I got you confused with another poster (ekaros) with a similar name. My apologies :)

150usd next

It will go low to 300 or even less, then surprisely go to 800

I predict $800+ by easter.

How much you would bet?

I am a noob when it comes to investing, but here is my analysis..

I think that the big players are currently accumulation coins. They are not done with that yet, and they will want to keep the price down while they are accumulating. So I think they will try to shake the tree a few times, meaning that the price will drop... and rise a few times. I have seen a few examples of substantial accumulation activity around $550 to $560 (even this weekend). Right now it is important for the big fish to avoid the market going into full blown bull mode. They need to stock up on cheap coins first. They also need coins to prevent the market from going out of control (upward) once they are done with the next push downward. Overall I personally think that we will see price dropping on monday. I don't think it will go below $530 (390 EUR), but I think there will be attempts to shake the tree. So now is not a bad time to buy IMO, but I also think there is a very good chance of the price going down again.

Totally unrelated: Price a kraken is currently 414 EUR ($570.46) and $560.8 at Bitstamp. Kind of interesting...

It wil reach 300$ and go to 800$ afterwards

Based on my pull-out-of-arse TA method I believe that we will go sideways for a while longer +/- 10% oscillation.
Once secondmarket and other wallstreet ideas come online, prices will start to steadily go up and then we go for a new ATH.
Wallstreet has the potential of pushing up bitcoin to 10K but I beleive 10K will only be reached after the bitcoin halving in 2016 :)

I have seen some interresting solo-movements of LTC which means LTC might go it's own way :)

I will decrease $250 to $300 then it will increase $250 to $800. In that exact order.

Turned bearish again ?  :D

It seems strange to consider +250 USD/BTC and -250 USD/BTC like this.  Would it not be more natural to ask whether the rate will halve (275) of double (1100) from here?

We're certainly in a bear market, but still voted 800 because it seems that much closer.

$800!

There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).

I don't think that a blockchain error that would last one week or a sigle exchange that run with the custommer's money would take the price to 300$; how much did the price fell when blockchain was down for 48h? 8%? And the biggest bitcoin exchange shuted down without reimbursing anyone didn't move the price that low

Someone working the minimum wage in the states can save up to 1BTC/month; let's see how much he will be able to save in 5years..

+1

Yup, but the Gox shutdown moved price by ~$200, even though people knew Gox smelled fishy for months. Imagine this happening now with e.g. BTC-e, while the price is ~$600. And the blockchain bug was quickly repaired, I'm talking about something big like a virus within the block chain taking it down for a few weeks.

what you want to happen is not the same as what you think will happen

If the problem is a problem with blockchain.info it is very different than if it is a problem with Bitcoin

200$ was 25% or so from 800$ but the price droped from higher may have been caused by mtgox as well
25% now is a 150$ drop from 600$

Exchanges not being trustworthy is priced in so you would think it would less than a 25% drop if btc-e went south

good question I say.  I"m thinking 800 but I don't know what to expect these days things are getting crazy.  but people don't seem to panic as much as they used to but that could also change... we shall see soon enough

i think we'll see $800 in near future, maybe in july/august
 ;D

$800 likelier

Vote for 800

Short-term neither.
Longer-term probably $800, since there are too many positives to go under $400.

Pfft $300 will never happen.

The bottom is $570, despair bottom is no lower than $380 (short lived price). Buy anywhere below $570 to be in the money. Set some buys at $400ish if you want to try and hit the bottom.

No i'm not going to tell you how i came up with these numbers but it's science.

Deal with it bears.

How can the the bottom be $570 when we were below $570 just a day or so ago?

FUD, despair, gox.

All temporary.

Hence the despair bottom price.

$300 is too low, but it may hit close to $400. There are a lot of buy orders around $400, so I doubt it'll break below this level. If it does ... well that sucks.

There is a very real chance for $300, but probably under 10%
~90% chance we see $800 next.

 If you listen to the bullshit coming from this site you could assume that bitcoin is going to 1,000,000 a coin. I hope it goes to 1c to show you how your own ignorance CAN kill something good.

How exactly do you correlate ignorance and BTC being $0.01?

Without optimism, there would not be more adopters of bitcoin, but less.  And without more adopters of bitcoin, the price would not rise.

Would you rather pessimism and negativity be the pervasive attitude of bitcoiners?

The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.

However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.

My vote goes for $800.

Long term the price will rise and there is a lot of support each time we go down a tiny bit

A huge problem in the protocol or something similar is always possible but it is probably priced in and unlikely

A huge problem in the protocol is definitely not priced in.

Well the split issue with two blockchains for a bit and the problem with Gox I say it is partially priced in now

If the blockchain went off in two directions now I think we would be in for some more tumbling!

It is priced in but ponderated by the probability of it happening so the price would obviously tanked a lot if a huge problem of the protocol rises

I think there is a higher probability of a huge good news than a huge bad news but maybe it is priced in as well ;)

The price fell to $440 when gox fell apart.  IMO the floor is $400.  When people go dump crazy there will be to many buyers to let it go lower.

A Chinese buying spree is what stopped Western markets from going sub-400 during the Gox fiasco. If those Chinese gamblers get their liquidity cut off I don't see what would hold it up.

That liquidity works both ways

475 stamp  ???

Zero soon.

466  ;D ;D ;D

You made me laugh.

I think we will see +/- 400 in the next 48 hours. After that it will stabilize about 600 in a few days. And in a few weeks, we will rise towards the $800 again :).

It is rebouncing now 483$

I know this type of rebounce it is right before the next dip..

EDIT : it diped ;) then rebounced again

i get the impression that that bitcoins are overbought, with the bans in china

        ^
      ^
    ^
  ^
^

Well now I'm a little curious if that bottom will really hold or if we will see 300 briefly likely not still lol

$400 is down well over 50%, so much of the danger is gone.
A chart like that sure makes it look like it could go either way.

It can go either way; there is a lot of support below 500$ so I wouldn't bet on 400$ but it is possible; once a few support are broken it can go down sharply finding a new support

All this drama, all this negativity will stop and the price will spike up

Well when looking at that chart it certainly seems like a downward trend but the fundamentals start to measure up a bit lower down so interesting call, guess we will see soon.

we enter into the fifth month of constant decline in prices,
Check Trend line from decembar 2013 year !

Trend and price before 1 month:
http://www.dodaj.rs/f/V/JM/4H6veSvX/yyy.jpg

Trend and price today, It not look good, price follows the trend
http://www.dodaj.rs/f/27/9e/4vr0gXBR/yyy.jpg

See you again within a month with trend lines and current price.

see you again within 3-4 months.
What a lovely bullisch flag !

Fundamentals are huge and many of them look really good.
VC money is pouring into Bitcoin companies.
China will either be false rumors or fade away.
Much better days are ahead.  :)

If I'm forced to choose between those two options I'd say 800. But it could take several months.

Fundamentals are excellent and if a price of more than 200$ was justified a year ago I don't see how a price of a few times that is not justified now

The market is very volatile and everything went wrong : mtgox, china..so the sentiment is very panicky and traders intensify the downtrend

Fundamentals are excellent, so BTC will Rally eventually.
It (usually) takes way too long.
When I finally turn Bearish is the best day to buy.  :D

this logarithmic chart may help readers with OPs poll:

http://www.game4coins.com/btc/ta_log.png

this is the point of contention, it seems...

I voted for 800 because I don't think we will ever see 300 again so many people have their buy orders in at 400 that it won't happen. Also I think 800 is next because as soon as something positive happens price will skyrocket

the order book is pretty volatile though

Im afraid that $800 is gonna take a few months. It looks quite stable around $450 now.

I'm worrying about the fact that it was stable at $500 before, $550 before, $600 before.. $800 before?

It looks like we're going down. But something deep inside me tells me to keep investing fiat :)

My guess near $350 within two weeks (China instability) ... $800 by July.  There is more to bitcoin that Russia and China  8)

Tc

I think that's reasonable. However, as soon as it's around $350 I know many people will buy. I will spend even more fiat weekly than I already do for sure :D.

One day it turns out to be worth it.

I am waiting for July.

Why?
May/June could be good enough.

July ?
which year ?

2014 probably, according to that logarithmic chart.

I'm not sure whether this logarithmic chart will tell the true. I think we are going to experience another dump before the value of BTC will finally increase again. It might hit the $800 then, but I think it will be even more later this year.

What if go to zero in 2014 year ?

Never, unless you breach the security and find a way to generate private keys from the public key. You analysis on your other thread is not bad, but please stop FUD like this too.

Then you will lose your job as a porter, because your boss can't pay his bills anymore with bitcoins.
No more postings from Igorr anymore, because bitcointalk also died.
And you have to return to India where you are going to polish shoes again. ;D ;D ;D

You're my shadow, following me everywhere,
Why are you fascinated with me ?

if this happen then seriously I am going to polish shoes and never use my computer in rest of my life  :o

Guys, thank you for a wonderfull afternoon and interesting discussion.
I have to go, see you all later.

329.77  :o

800$ here we come! +2,57% up last 24 hours!

Hanging in 440$ to 460$ for some days just because of this I sure its going to touch 500$ in next few days

http://s3.postimg.org/y8y4atv7n/chart.jpg (http://postimage.org/)
image upload (http://postimage.org/)

Heading to zero.
That is such a convincing chart.  :D

This is daily chart with enabled indicator, "Linear regresion".

Following the same pattern as in 2011

Yeah, we are still at 460$ and we have seen 465$ already.
Monday bank transfers start working so I'm sure we gou at least to 500$

Don't forget the other important feature: all data missing prior to November 2013  :D :D :D

300!!!! not done buying bitcoin cheap yet Dx

Many days and its sticking on 450$ to 460$ mean we are going to good in next few days

Time for the revival or I guess we wait for the Chinese rumor to come true or be proven as a very elaborate multilevel hoax

My arbitrary long term trendline says $288 today and $800 in 5 months, so $300 comes first :P

We have seen pretty close to 300 though but I think we will get into the low 300s territory maybe after a few more bull traps before we spike up

We came closer than I expected at $340.
The bottom will (probably) hold, so $800 is still the future winner.

300 of course.

800

It met us almost halfway sitting at 520 presently

Where do you look at? I Always check the Bitstamp rate, $501 currently.

It doesn't matter how you look at the Bitcoin currently, I see a clear pattern that the value is going to increase even more the following days / weeks. I would love to see hit the $800 in a few weeks / months again :).

Btc price will be mired in the range of $400 to $600 all through 2014. Next year will be a breakout year. Just not this year.

I think you are right about this and bitcoin will stable around 450$ to 600$ this year and if we have again some big scam like MTGox then this could be more bad and can go down

I know we are in the speculation section of the forum but you don't back up your claims with any arguments so it is not very interesting you think the price will vary between -25% and +20% because it feels you don't know what you are talking about

I think 800$ ... psychologically 300$ is too cheap now.  Whenever it hits sub 400$, the bitcoin price will suddenly bounce back up!

When you look at the current events, china's ban - irs ruling - mtgox - vicurex, you would know that we have hit the bottom!

$800 next, if it does hit $300 I can grab some more cheap coins though. Win-win or what?  :D :D ;D

Then wait for the 200k auction from Mt Gox liquidation. The news have been confirmed and the Japanese authorities are taking steps to sell the Gox coins. May be you could buy a few dozen.

+1

https://i.imgur.com/yp0FLP3.gif
https://i.imgur.com/2xb9GL7.gif
https://i.imgur.com/PqCo4gq.gif

I got what I want  ;D ;D ;D

https://i.imgur.com/xptZALX.jpg

Can you show a link or something on where you got that info, Im interested in reading it.

Up to $ 500 is the reasonable bitcoin can get in this year.
Soon Christmas and New Year will coming , i hope that moment can bring bitcoin to $ 500 at least.

The rally only last 2 days and it only hit 475$ before dropping back to 400$ level. Clearly 400$ is the bitcoin value for long long time..

We are still over priced but with a lot of potential energy. So spurts up and down are expected.

We won't be above $800 until 2016. Two years of holding in the $300 range will wear enough long term holders out that we will drop and drop and drop.

too many optimistic in this thread...and few pessimistic.

definitely $300 next, not saying $800 wont happen, but not next.  $300 would be a good time to buy

The selling pressure from miner is too high, $300 will hit first and $800 will only hit after the next halving..

Some people are waiting for the price to go lower, and other are waiting for it to get higher. Both sides are waiting.

People think it might go to $800 again, but I'm sure this will not happen in the comming 6 months.

There is barely new money comming in while miners keep dumping. Ride the waves and make a good bit of profit  :)