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Title: No Post by: InsanityIsGreat on July 05, 2011, 03:29:42 PM No
Title: Re: Bitcoin stable price. Post by: BitcoinPorn on July 05, 2011, 03:40:43 PM I am going it is pretty low, but without anything in the news to pump internet interest, it will just be random waves.
Title: Re: Bitcoin stable price. Post by: istar on July 05, 2011, 03:45:01 PM If you look at the demand right now there is much more supply than demand.
So price will continue down for some months, I think it will go stable at $6. Then work its way back up to $100 over the coming months/year. Title: Re: Bitcoin stable price. Post by: dinzy on July 05, 2011, 03:50:12 PM If you look at the demand right now there is much more supply than demand. So price will continue down for some months, I think it will go stable at $6. Then work its way back up to $100 over the coming months/year. Not that I necessarily disagree, but what do you base your demand on? The order book does not accurately reflect the entire market apart form saying that if someone wanted 5kBTC this instant, he/she would pay a max of 14.5 USD / coin. There is no information about money waiting on the sidelines, nor is there any way to predict the dynamic response produced by a shock to the system. Title: Re: Bitcoin stable price. Post by: Anduril on July 05, 2011, 03:54:55 PM Right now it looks like a close at just under $12 USD is not out of the question. The 5 day chart looks pretty grim.
Title: Re: Bitcoin stable price. Post by: adamstgBit on July 05, 2011, 05:49:34 PM If you look at the demand right now there is much more supply than demand. So price will continue down for some months, I think it will go stable at $6. Then work its way back up to $100 over the coming months/year. if i had balls of steal I'd sell everything right now and wait for the price to fall and buy low but what if your wrong... and the price goes up... playing the market is a tricky thing |