I predict 240$ based on simple extrapolation of the 3 month decline rate.

Erdogan you have just stated that bitcoin going to da moon is the only possible outcome.
You are delusional.

!!!

I havent got the foggiest. Good luck.

Not surprising given this is a forum for bitcoin enthusiasts.
Whats surprising is how persistent the high prices have been. It looks like it will take over a year for this bubble to burst, in sharp contrast to previous bubbles

Most people who have voted since i revived this thread a week ago, have voted 500+. May be a lo of pumping talk going on as people hope to spend btc for xmas

If we go below the previous ATH, then some early adopters will be looking at losses.
But that could be good, shaking up this stagnant market and bring back the good old days of pump and dump.
The market has been held up my moronic bulltards trying to soak up the endless supply of mined coins, chanting choo choo as the price has slowly declined. Yawn.
If these plonkers get shaken out then the volatility can return and then there will be a reason to trade btc.

This analysis is already dated and pointless. No marks for predictive power so far

Bitcoin seems to have lost its best feature - the pumpin and the dumpin.
Back in April 2013 it went from 60 to 240 then to 85. What a ride! Now its so boring, just declining a few percent each week. Yawn.

Back in the old days (April 2013), it was possible to make massive returns, or massive losses, in a matter of a few days...
Mid March 2013: $50
April 9th: $230
April 16th: $65

Now that is pumpin' and dumpin'!!!

No need to wait 5 years then.

I don't understand. The price must have been around $1,000 when you made the bet?!

There are a lot of threads at the moment about not panicking. Panic is clearly in the air.
I'm not sure why, we have just drifted down a bit, which is just another typical outcome for a day in 2014.
Or do people sense that another big crash is coming this weekend? Another whale-exit extraordinaire?

Last time it happened, with the low of 275, there was immediate strong buying pressure taking us back to 400. That's some serious profit on the way up, as well of course for shorters on the way down beforehand.

There was a bloke on here a while back who panic sold all his BTC at 400 as the money was meant for his honeymoon, and he had lost a lot.
People commiserated with him for having to sell at the bottom of the market (at the time).
Seems like quite a good price nowadays.

It's all relative. Some one who panic sold at $1,000 in December 2013 would now be an investment hero, being able to buy back three times as many coins as they sold, as the value of the dollar has gone through the roof (in BTC terms).

But then someone who panic sold a few months before at $100 would look like a right muppet.

What proportion of your wealth is in BTC?
It's speculative. Something big might happen that causes it to rise, like in Q4 2013. It might go to zero. It might just carry on slowly declining in $50 steps as it has done since summer.
If you have a diversified portfolio, you can be much more objective than if all your eggs are in the BTC basket.

Wow. The ratio of bulls to bears used to be much higher. Interesting poll. Should keep it alive for year end.

The interview does not suggest that at all. This ex regulator stresses how exciting the blockchain technology is, but also stresses that retail investors need to be protected from btc value volatility.  He is more likely to call for the ETF to be blocked than supported.

The problem is not with merchants selling btc, but rather that consumers are not repurchasing btc after spending it. The value of btc is in exchange, not in holding.

That's the thing. You only get the massive increases in value when investors realise that the invention has huge potential in the future. That happened for BTC in 2012-3, and now all that is happening is those dreams are getting beaten down by the reality of slow consumer adoption.

The only way to get a new spike is for a new realisation of possibility, currently unknown. Some pick up in adoption does not count, as a pick up in adoption was already factored into the dreams of investors in 2012-3. It needs to be something truly new.

The technology clearly has potential, but there doesn't seem to be anything new regarding BTC as a commodity. That to me suggests that any explosion of value is likely to occur elsewhere, such as with a new crypto business venture (not necessarily using BTC) or adoption of a new, more effective, crypto-currency.

Perhaps you have a better chance of getting rich without doing much by buying into a crypto VC fund.

I like kittens

It's doing bugger all this week. Remaining tight around 350.
I remember, back in the old days, when it used to remain around 450.