Bitcoin Forum

Help me decide on how to bid.

I think it will hit bottom and then not rise back up because this time so many people have lost confidence.

The "decline to zero" scenario means cessation of all trade in Bitcoin. Silk Road etc. alone make that seem unlikely to me, unless something better comes along.

I dont think it will go to zero but I think it may go to and stay in a range of $0.50 to $2.00 for a while.

funny how this guy base all his posts in mere speculation..

Bitcoin price is based entirely on speculation.

Okay based on this poll, I now know how to bid.  I will make pollls in the future and whatever gets the least votes is correct.

This happened: It will bottom and just stagnate
And this might happen: It will bottom and very slowly dwindle away

I think it will dwindle until something significant happens that none of us were expecting that makes it suddenly valuable overnight.

Like a major gambling site announcing they are accepting it.

Or some major crime or bust happens that gets attention in the news (hypothetical but unlikely example: somali pirates capture a ship, demand BTC, making the whole world ask, what the hell is BTC).  Or a court ruling somewhere ends up legitimizing it (whether on purpose or by accident).  Or senators start saber rattling and cause it attention due to the Streisand effect.

Just as good of a speculation method as any I guess. In fact, it's miles ahead of most of the BS I am reading in the speculation forum.

I can tell it's overpriced, but I don't know when it will fall to normal levels.  I do believe this winter when mining is cheaper as a free heating system, it will make the price drop.

It will fall to normal levels when everyone else realizes that it is overpriced too. Hard to put a definitive timeframe on that.

Your prediction of price falling during the winter could be correct, but it is just as likely that the free A/C provided by cold weather might give incentive to buy more mining equipment with the savings on cost, increasing the difficulty and therefore reducing the supply and increasing the price.

You might aswell invest your money at your local casino.

By the way, the questions you ask in the poll aren't very useful if you don't define a timeframe.

I did not know when it would bottom out, but I set the poll to auto-lock after 5 days I believe.

it hit $4.3 then rose quickly to $4.9

IMO, it's not a good idea to base your trading decisions on a poll.

pretty sure when it gets to $1, someone will buy 1,000,000 of them.

yes. please.  Oh, millionaire idiot, where are you? save us all!

There's only 7 million coins.

Like a real casino using Casascius Tangible Bitcoins as chips?

like a sinking ship that people are still boarding. 

Would have to sit there for awhile.. there probably won't be a million coins on the market at $1.

everyone please sell so I can buy mooooooor!  ;D

Okay I'm selling at $30 per BTC...you game>?