Bitcoin Forum

Any ideas what the price will be once the ASIC miners come into full play?

Hopefully, it should stay about the same. The rate of BTC made should stay approximately contsant. I think. Maybe

My bet is $130 per 1 btc

Probably not to far off.  We really need a stable coin for it to have any real success.

My opinion is that it will further mature the system and probably lower the exchange rate while lowering the volatility as well.

Why don't they change the unit from BTC to a mBTC then everyone can afford bitcoin?

*I now kick you in the kidney*

Bitcoin is no more useful if you hold 1 than in you hold 0.01, the price does not matter.

You can go change the unit in your client, it should be under settings.

This or lower I think. If May is all about a gradual decline, it might slowly work it's way down to stable $70 - $80, and possibly have a spike up to $130 after that just for fun.

Difficulty does not affect mining rate.  No one can predict prices with certainty, they can just speculate.  ASIC miners will affect the mining scene more than the financial one.

1) While stability would make it easier, I bet there will be enough ways developed to utilize even a volatile Bitcoin.
2) My guess is you won't see a stable Bitcoin anytime soon.
Yeah? No?

It doesn't? Then I guess I STILL don't get it...

i would say the prices might go up. it gets harder to find BTC for every block we get. meaning they get more valuable meaning higher prices? really hoping for 160-180$ 1.6.13

I've sort of enjoyed the rollercoaster and would love for the price to keep going up, but yeah, more stability will be nice in the future.

Roller-coaster being a descent descriptor: look at that graph!

been looking like a bumpy road the last few days  ;D

I think around $300 (past BTC's high of $266).

a'am think in diapason 50-100$

I think it will be around $80-$110  :-\

Any changes to the total network hash rate are offset by adjustment of difficulty, so the network always produces 150 new bitcoins per hour (for about 3.5 more years, when it will drop to 75 new bitcoins per hour).

60-100. Steadily recorrecting towards the mean.

 150+

I thing around $130.

I think it could get as low as $30 before becoming less volatile. But what do I know?

There is no such thing as small stable markets ... anywhere.  The smaller the market the easier it can be pushed around.  Drop $1M into a $300M market and cause a wave.  Drop $1M into a $30B market and cause a ripple.  Drop $1M into a $7T market and there isn't a blip.  BTW those supply valuations correspond to BTC@$30, Silver, and Gold respectively.

I hope it still stays in the 3 digit area.

I think somewhere between 80 and 175. A lot seems to be depending on how well SR responds to the DDOS attacks they are facing.

$88 weighted avg (MtGox) on the 31th of May.

And for LTC ????

$88 * 0.03 = $2.64

Okay, for true newbies, who is SR?

http://en.wikipedia.org/wiki/Silk_Road_(marketplace) (http://en.wikipedia.org/wiki/Silk_Road_(marketplace))

okay thx

I believe it will stay on the same levels as today

I think you're on the right track.

The increase in mining capabilities due to ASICs probably won't affect the price as much as a major retail entity entering the fray (paypal?). Most likely isn't going to happen in May, so price will likely bump along a mean of $120 +/- $30 for awhile. That is, of course, pulled completely out of my arse.

Play and win!

I'm going to be bold and say $143. On the nose.

I bet $70-80

I would say around $100/BTC.

I assume that $ 120 - $ 140

would you say the silk road is one of the main places that bitcoin is spent?

that would kinda suck if the bitcoin was mainly you to facilitate illegal transactions :(

Dare I say that  it might be stabilizing near 100? Seems recently it has made a home there  with some 'relatively' (for bitcoin at least) stable motion.

i think it will go up then burst and go back down a bit like before,
but i hope it will never go lower then 100 again, only for like a day maximum then go back to 110+120+
that would be cool :)

I'm agreeing with this. I don't see ASICs mucking up the price much

Stability hovering in the 100 -110 range looks like the short term resting place

i think it's stabilizing at 110-115$ as long as no new big news hit Bitcoins
any majory happening can cause new extreme Spikes down or upwards, but i think we found something stable around 112$ for next days

Actually relooks probally 110-115

100-110 $

It would be funny and interesting if someone collected statistics on all price bets from this thread (and perhaps the entire forum) and plotted then against actual price history.

Not 110 - 120, breakout off a triangle is imminent.

I will rise and then stabilize after a few months!

isnt 1 mBTC equaling 10 satoshi?

i guess $300 per 1 btc

for anyone that bought high... hold
hold a few years, it will rise for sure, but not until next halving and when it gets improved the code.

safe bet, over 100.

My guess is 115 if no new scandals come up.

BTC value at $95 - $107, i guess

~100USD exchange rate (not value)

ASIC miners won't be "full play" by the end of May.  It is still going to be a slow process.  Avalon doesn't produce in quantity and BFL barely produces at all at this point. 

Can't really see it staying below $150 much longer. More bank 'Bail-Ins' coming so expect another rush once that happens. Gox really need to get their act together though.

The ASIC miners will start to control the main supply of new coins, mean that more people are going to want to buy them. I bet the price will go up and have sharp downs everynow and then when they dump their coins.

I'm guessing not much different to what it is now.

sad but true

I really hope we beat the previous all-time high!

i think it won't happen so fast...

to stabilize BTC Price at 135$ there must be bought ~50000BTCs .... do you know anyone who wants to spend 5600000$ in BTC right now? ;D

whats needed for 250$ per BTC i cant say, my chart's max is at 135 atm

If only people would take constant trading for USD and leave it alone, there wouldn't be so much volatility...

What happened were guys with Avalons making $$$$ then dumping all at once.

as more asics come out and difficulty increases further the price will start to stabilize again. I think $75-$125 for most of May.

important Q is, are ASIC profitable at BTC < 100$ ?
or are they merely converting electrical energy ($) into coins?
I 've ran the online calcs in the past for my GPU, but probably someone here already has a figure for ASIC in June'13.

No, 1 mB is 0.001 btc or 100000 satoshis. You might be thinking of uB (microbitcoins) which are 100 satoshis.

$100 - $130 seems like a safe bet, but if there are any f500 or large internet businesses that accept bitcoin we could see the price increase dramatically.

It seems reasonably stable atm, $100 low $120 high. Don't think it will go much over $120 for a while, there are a lot of people wanting to sell at that price.

The ASIC situation will be really interesting to watch, but it could just as easily go down as up. When it gets to the point where GPU mining is pointless and the only people making coins are the elite few, people might decide its a good time to get out. I wouldn't be at all surprised it we come to a stalemate, where the ASIC miners can't afford for the price to drop but noone else wants to buy at the prices they are offering.

 I think it will rise slightly but it's hard to guess what price based on current situation be because bitcoins is driven by news at the moment. That said, the issue is volatility because a rise of say, 10% overall this month but with a swing of 30% makes people who have yet to adopt less much less confident to do so.

Price too volatile to predict. $105 is my guess.

Really depends on how much value is being transacted by the network. Users count too. With this volatility I wouldn't be surprised to see anywhere from $50 to $200.

We can only hope $1000... lol right, but probably like most say about $130 I would say I think its going to steadily grow from now on .

ASIC will show their real effect on September  ::)

About $100 per bitcoin is pretty good to me . I think it will hit $250 again (fingers crossed)

I'm not sure. I think once Asics are the most power efficient someone will make a room full of Asics and just control the entire Bitcoin market by having such a large hashing power. I'm personally thinking of it as two situations.

-> Price will rise/stay the same as Asics won't really affect the price and it will increase as I think it would with GPU mining.
-> Price will decrease because people become less interested in mining when they realize they can't do it unless they just buy an Asic and it is hard to get ahead of everyone else.
-> Price stays the same because the decrease in cost to mine with Asics is combated by the increase in difficulty.

i think btc is clearly long time bearish now, it's impossible to bet on the end of may but i think it have to go down near to 30 next months

I'm guessing there will be some ups and downs (as low as $76, as high as $140-150) but will stablize around $120-130 at the end of May. Or maybe the spikes/drops will happen at the end of May, I dunno. But it's been pretty stable the last few weeks. I thought the road might be rockier than this. Surely there are some more bubbles on the way, but it's not clear when that will be.

While it will go up an down, I'd assume it will hit $200 again soon.

I really dont think ASICs will influence USD prices for 1 BTC that much. But it will influence mining profit for sure !
Might have to stop mining with my GPUs because of negative profit ;-)
...I'll try to get some more BTC/LTC before this happens.
I also expect some ASIC / FPGA like hardware solution for scrypt coins to show up in the next months.
But in the meantime scrypt GPU mining sucks a lot more power than SHA256 mining (at least with multi-GPU rigs).

I really dont like scrypt so much because of the increased energy waste compared to SHA256 (I know about
the other advantages though...)

They seem to be stabilizing around $110. not sure where they will go from here

I guess I can make a guess: $120, since the market is stabilizing somewhere around this point.

I think it will be around 150$  :o

Seems to have found some stability in the $110-$130 range.

$110?

$110 +/- $20.

Over $9,000! ;D

Seriously though, maybe around $135 or so.

$100 +/- $100

$133 +/- $133

around $110 looks to be the spot.  last 24 hours has been pretty tight range

I'm guessing on $120.

150

I am guessing $160

I think, as many others, it should be traded at around $1000 per coin. I have a weird feeling some smart (and potent enough) people are doing a very good job at keeping the price this low in order to accumulate more and more bitcoins for when the time will be for it to be traded at $1000 or even more. When we talk big money, a 10X price increase it's just huge numbers that aren't passed so easily by the big sharks.
However, current events such as the coinlab vs mtgox claim or the closure of bitcoin-24.com (was the largest EUR market after mtgox if I'm not mistaken) and bitfloor, did have some impact on the price. To be honest, I'm surprized the market stabilized at $110-115, I was expecting it to be rather in the $40-50 area.
So, to conclude with my estimation, it will be around $125-$130 by the end of the month.

Ahahahahaha! U r the best!