The price will spike during the next period of financial/social unrest or when the mainstream media picks up the stories again. I found this site today: http://bitbet.us/I guess you can make a bet if you feel one way or another? ya and for it to drop and not go as far down as one would think...i mean for it to be even worth more than one dollar is huge, let a lone that it is worth hundreds of dollars lets you know that these will just continue to go up. |
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IMO - the reason why BTC price is volatile right now is because it is priced low.
Imagine a $21 Billion economy. That makes 1 BTC worth about $1000. When you start to get to that level and then the price rises or falls by $20... it won't be such a big deal.
Right now, those swings are huge though - and hurt the usefulness of BTC as a purchasing tool.
I believe that long term the price will rise as more business accept BTC as payment... that is simply a matter of time. So many benefits yet to be realized. Many content businesses - big or small - can benefit from micro payments (it's one of those things that should have happened 20 years ago but couldn't because of the banking system). Porn... goes without saying.. they will embrace it. Brick and mortar... it's dead easy to set up and there is high incentive to do so because it is cheap. Obviously, online websites would do well to accept BTC... and again, dead simple.
Those are the reasons I have faith in the future of BTC and it's value going up significantly.
one of the first newbie statements that I like- your spot on. (as long as you mean volatility as in the big scheme of things. cuz as of now its the most stable ive seen it.)
ya the amount of money in the world is estimated at 60 trillion. i think this is low ball park though. anyways anyone want to guess what one percent of 60T is? easy 600B yep. that is one percent of the worlds fiat money 600 billion. if just one percent of the worlds money was in BTC then what do you get?
well first how many bitcoins are out there? lets go with a nice round number. so in the beginning of 2014 feb-march there will be 12million bitcoins. imagin if by that time or say this time next year we have that one percent of the worlds money in bitcoins.
so 600B divide by 12M you get your price per bitcoin. the answer is- 50,000.00 per bitcoin. you think that one hundred and fifty is to high for this currency? ha. i keep telling people that ANY PRICE UNDER THE LAST ATH IS THE BEST BERGEN EVER!!!!! hell even at 500 you are gold. but you get more if you buy now.
people think this 1,000 per bit is a pipe dream or some ridiculous idea. i think no. i think 1,000 is just the beginning.
this is all based on just one percent of the worlds money. imagine it...just one percent of what you make each year. hell in religion it is common to give 10% ... 1% is nothing. we give well over 33% to the government in taxes...thats JUST income taxes. then tax on top of tax of any purchase. another 3% and tax on land and almost everything else.
one percent is doable. and if you relay want to be conservative then halve that. say only 1/2 of 1% then you get 25,000. per bitcoin.
people need to wake up and get in now! BTC is so incredibaly undervalued that its as if you can buy BTC at LTC prices. |
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going up....past 150 in one month???
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also interesting that 91% think it will be above 100. and almost 15% think it will be OVER 200 bucks. wow in one month that would be awesome.
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It looks to me like the price is ready for a breakout and will probably go higher than 120 within the next few days. It could be a possibility it might reach 200 if there's a breakout.
I agree. i think that with all the past and current press and all the people and getting fiat into the exchanges i think that they are just waiting for something to happen. a dollar or two eather way wont do it. we gotta see like a fire arrow up. like in ten minutes we see a five dollar rise then a domino chain reaction will occur. a jail brake and everyone will hit the buy button. we are like a winding spring the more it stays steady the more it will launch and with just a hair trigger. thats a lot of metaphors but seriously i really think it will go big when it goes. i do like slow and steady for sure. but bit coins is not the 401k that is in a conservative get .00238% return year over year. its a wild ride of huge gains and deep dips. so lets have it! let it launch to the moon:) |
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remember Ben & co is a bureaucrat and instinct of self preservation comes first
+1 good on ya. you are on my like page for sure!! |
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price went up two bucks time to cash out nowww!!!  |
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The price will plummet as people abandon bitcoin in favor of litecoin.
lite coin is a silly thing that is only for speculation. you obviously mine/hold them. but ultimately they will fall to the wayside. especially in the next month ha noooo. lightcoin might disappear in the next month though you may be right about that. |
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should melt up to 166 and above but not exceed 183 before crashing back down below 50
sounds plasable. what would make it melt up to that level and where is the support for it going all the way down to 50  |
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Drop in 1-2 weeks due to gox problems, then rise to $150+
it would be droping now if it were going to drop cuz of the gox problems. no this is supposed to be a rally and people are buying in. you have to match all those coins mined and all the crazy ness that is going on at gox and you would think that the price would fall like a rock. cash in the mined coins. gox is fucked up im out. but no its holding strong at this price and even steadaly rising. so what does this mean? it means that a lot of people ARE buying right now. i think this is support as ive said and this will go up in a strong bound. ten to twenty dollars when all said and done. |
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Great just what we need, PayPal having absolutely anything to do with bitcoin.
+1 haha no doubt. I hate paypal with a passion!!! |
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wow, 36 million! good god man i wish... i wish so hard!!!
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i think that privat noat. or ... ya i think its called that, anyways its like tormail but you write it and send it and as soon as the person reads it it erases it self. its encripted as it is sent as well and once opend its gone.
help me out guys i think its called that but not 100%sure. anyways its kinda cool. tormail is crap lately.
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I believe the difficulty has more of an effect on prices than most people realize. The majority of coins that trade on a daily basis come from miners cashing in, and that is pretty much the source of what little liquidity we have. While it is true that increased difficulty will not change the amount of coins found on a daily basis, it will shrink the amount found by the majority of miners, especially those using low-hash gear. Few people will cash in with 0.00004453 coins due to exchange fees. They will stack the coins until they have a larger sum to exchange, effectively draining liquidity.
I expect a slow but steady increase, lagging the difficulty spikes by a week or two.
Personally I think you have the speculators to thank for liquidity. I tend to keep what little mining profits I generate, and I know a lot of people that do the same. Of course the large miners who sell their BTC do help, but people with 50k+ USD trading on Mt.Gox grease the markets up far more. Edit: The average bottom price seems to be rising by $20 every month or so. I think next month we'll see averages around 130-140. Only time will tell, though. i couldnt agree more. with history as any type of indicator when the price stagnates it means its building support. when some big fish with a hudred grand buys in and makes it rise three or four bucks then others will pull the trigger as well then we will see that hughe jump...with a drop off but land some where in the mid thirtys and then buld and then land in the mid fortys or low fiftys. thats 150 to be clear. im thinking that this think is just about to take off. over the weekend this is going to get crazy...or maybe it will wate for tuesday after the holiday. |
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i think it will be in the 150 range and by the end of summer well into the 200s
whos summer.....its an international coin well since 90% of people and 85% of the land mass is north of the equater then im going to go out on a limb here and say the northern summer. or for you when you come out of winter. good enough |
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Have you ever given a tip to someone? I take a glass blowing class; I tip my instructor. I tipped with 200 mBTC.
Have you ever given a monetary gift to someone? My nephew turned 21 the other day; I gave him a monetary gift for his birthday. The gift I gave him was 200 mBTC.
Every Bitcoin proponent ought to give tips and gifts of BTCs.
When more people bring more money into Bitcoin then the exchange rate will rise; simple supply and demand. Indeed. Look at this situation: Your cell phone bill is in Bob's name. Bob has a multi-line plan with 3 people and you being on it means he saves $X per month (say, $20.) You: Hey Bob, I have a proposal. You are free not to accept it. But if you do not accept it, I will switch to a pre-paid phone/plan and you will lose the $20/month advantage that you get from having me on your multi-line plan. Bob: What's the proposal? You: Well, I'll simply pay my cell phone bill each month in an alternative currency called "Bitcoins," at the current exchange rate. I will provide instructions on how to easily convert these into fiat money if you wish, and I can also point you towards places and things to spend them on. Bob might call your bluff. He could say "screw you, I'll find another person to take your place." Or he might bite. If he bites, a few things will happen. You'll be needing an additional $40-$80 worth of BTC each month, that is if you don't have a monstrous hoard, but dishoarding is also beneficial to a money that is scarce. And Bob might just sell immediately, but he also might be curious and save some, or he might try to buy stuff with it if you point him towards sites that sell goods/services he normally purchases anyways with fiat money. No matter what happens, you have at least exposed another person to BTC. This might seem WAY off-topic, but hey, we are talking about how to increase awareness/use of Bitcoin and therefore bring price up past $120  exactly, I try to....not in a pushy way but try to tell people that i will pay in bitcoins or that my dads shop should except bitcoins or my therapist should except bitcoins. be a leader in this currency and you will be paid dividends if it goes up. or cash out and you dont pay taxes. either way its a win win . |
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no way. i knowits just building suort for the next bull run. never has it sat at a price for a week and then randonmly dropped, it will rise one night just watch. it will go ten or twenty up for sure.  |
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yes carry on.  |
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in the past it was calm foooorreeerrr.
but in recent times a calm usually means its building support for a bull market. just my opinion.
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nothing is for free. maybe a sight that will blockchain your address and see what you are up to? to see how many coins you have??? nothing is free in the world people. but go ahead and get those "free" coins.
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