Bitcoin Forum

For the last 2 weeks the Bitcoin exchange rate has steadily been dropping below the 100 USD mark and is at the time of writing at 71.20 USD at MT.gox.

I dont want to go into reasons or debates over the recent news, exchanges or US regulations but want to simply let ppl guess what the rate will be on the last day of July.

Lets use Mt.gox's rate for this poll. The poll will close on July 31.

I predict the rate will be around 30 USD (option 4).

This poll is poorly designed. 50 - 99 USD is a very large a range, and thus is the favourate.

200+

Easy poll that presents no challenge.

LOL

enter the ant-jaroslaw super-bull

Is there really any question? $3-$29, though I'd give $30-$49 a shot.  8)

EDIT: Going on vacation later this month with no access to cell or internet; may use this poll to influence where/if I place my buy orders ;)

it will be somewhere between 10$ and 20$

LOL since when are polls difficult?  It's not a calc test man.  Er, kid.   ;D

Would it be better to have 40 options with a range of 5 each?
I just thought it would be fun to see where ppl expect to see Bitcoin rate at the end of July from 0.1 to 200+.

Some wish it to crash to bottom some wish the rate to hit the sky.

As of today, 45.5% think it will be at the same range it was when the poll started (50-99USD) and where it is today (86USD), so far most have been right.

yes the price ranges are to drastic to be of any significance. its like saying it will be somewhere beween $75-$125.   of course it will

http://blog.coinbase.com/post/55203204550/instant-bitcoin-purchases-at-coinbase

Prob over $300 by end of money. Maybe $10,000 but cannot be sure on that.

$10 increments

The process of speculation annihilation:

Jaroslaw + Walsoraj = 2 * Ignore + Free time

If we manage to break 100$ and stay there for at least 3 days I think we have a fair chance of hitting 160$ by the end of july :)

I predict $103 on 7/31

agreed this pool is full of fail. why would you put the close date on the day of the close poll. what will the price be for one btc in one hour? poll closes in one hour. hummmmmm how about close the poll in ten minutes. or in this case in one week. dork.

 ::) oh man you are to much. just so damn funny arnt ya big tex

The interesting is to find out what ppl predicted at the beginning of the poll not 10 min before.

When would you like to close the poll? 1 day before? 2 days before? 1 week before?
Or where is the poll manual?

^ this. $160.

between $50 and $80

Between 50-99 USD. The long term trend is upward, so buy as much as you can while they're still cheap ;D

Ahaha, Jaroslaw's missing cousin  :D

The rather large buys on the 11th and 12th were at prices much lower than 100, lately there has been very little interest to buy above 100.
If no 'whale' absolutely wants to buy BTC above 100, then the current 95-100 may stick for a while.
But there's a large gap with other exchanges, and to me this signals a negative correction on MtGox is to be expected.
So my vote for the end of July goes to 80s, if not lower, in case there's a massive panic sell.

wish there is 75-125 option  ;)

True! (most likely)

The current large gap between MtGox and other exchanges is due to the stalling of $ withdrawals by MtGox.
This has led the people who really need to withdraw $ from MtGox to buy BTC on MtGox and sell them on other exchanges.
Of course, some other people may be buying on other exchages and selling on MtGox, but without withdrawing much $.
It seems MtGox has a liquidity problem due to FinCEN certification costs, so the larger withdrawals are delayed, only smaller ones go through.
So it's still possible to take advantage of the price gap if you only sell small amounts of BTC on MtGox and withdraw small amounts of $.
I wonder what will happen if MtGox resumes full $ withdrawal, the price on other exchanges will go up, or the price on MtGox will go down?
Or what will happen if MtGox completely stops withdrawals again? That could kill their remaining credibility.

PS. Price is slowly moving downwards, but there's no way to tell if it will drop below 96. It will recover from a drop to 97.
If however it drops below 96, then based on movements recorded in the 30 day chart, I'd expect a panic sell and a drop to 85-88.

PS. I was sooo right! Actually, we'll see if this stops at 85-88...

Currently $100.00


http://www.youtube.com/watch?v=t7z192I-mQM

I hope the long term trend is stable.
Only ppl who hope to earn easy buck would made such a statement.

Bitcoin should be be used what it was made for not to repeat the mistakes the we making with banks.

Im surprised to see that most ppl around Bitcoin are more focused on pump and dump instead of using it in everyday transactions.

This is the speculation board. http://en.wikipedia.org/wiki/Speculation

nothing in the world is stable. + at these prices one would have to be naive that it can be stable. it should approach "stability" the more amount of people have it. by then market cap would likely be 1 trillion

I was aiming at the whole community around BTC not only this sub forum.

Excuse me for thinking.  ;)

The USD against HKD has been stable for 10 years, so some things can be stable.
http://www.xe.com/currencycharts/?from=USD&to=HKD&view=10Y

What im trying to say is that this "earn quick cash before it crashes" thinking does not make Bitcoin adoption by "real" humans any easier.

I would like to start a retail business accepting BTC but the unstable rate makes it impossible.
This makes the Bitcoin network useful only to early adopters and geeks who want to earn quick buck.

I understand what is needed for Bitcoin to go mainstream but im talking about the greed making the transition more difficult.