2 week target $160

[spazzdla]

I freaking hope it goes farther I want sub $100 btc.

You realize that if something like that will happen MOST of the people will be selling everything, and it could be the end of bitcoin? We may not recover after this.

I have a feeling it would/will be the final capulation.

There are only so many bitcoins that can be sold.

Although it does seem anytime it dips below $200 everyone and their mother start buying sooooo perhaps we never will see double digits again.

I am prepared for both.

[lucasjkr]

i would say chances are 93% that the price will rise, i don't expect the price to fall below 200

any value beolow 200 will trigger a good buy that will rise the price above 200 again

Every price level on the way down, people say "once bitcoin goes through that level, it will trigger buying which will stabilize the price". AT some point, the people doing the buying will be all out of dry powder...

[Raystonn]

i would say chances are 93% that the price will rise, i don't expect the price to fall below 200

any value beolow 200 will trigger a good buy that will rise the price above 200 again

Every price level on the way down, people say "once bitcoin goes through that level, it will trigger buying which will stabilize the price". AT some point, the people doing the buying will be all out of dry powder...

What you fail to realize is the lower the price gets, the easier it is to buy the market up.  Let's say there are 100,000 coins sitting on exchanges ready to be dumped at market price.  (Yes, silly, but let's look at this extreme case.)  If I jump in at $100 per coin with a limit order, I can absorb the entirety of the market dump all by myself with just $10 million, and end up 100,000 coins wealthier with a market that has no more ammunition to sell.

[TulipMania Troll]

Bitcoin is on its way to zero. Just who will be the last greater fool... That is the question. BTW, ironic that this is fools day.  

[Raystonn]

I can 100% guarantee it will never hit $0.  See above.

[samson]

I can quite honestly say that Bitcoin will never reach less than $100 per coin longer than it takes me to move my funds to exchanges.  I can quite happily keep price above that level by myself, thank you.

I seem to remember someone who considers himself quite the financial guru making this exact same declaration just before the price hit the $90's.

Never say never 

[dothebeats]

I freaking hope it goes farther I want sub $100 btc.

Uhhm, you do realize that the moment we reached sub $100, most people will hurriedly sell their holdings and thus adding fuel to the downward spiral of bitcoinm right? Though we can fairly say that there are some people like you who will buy coins when it reached that amount, but that's just not the case. :3 Panic might trigger those hands to sell instantly after all, rather than to lose and get nothing in the end.

[Raystonn]

I can quite honestly say that Bitcoin will never reach less than $100 per coin longer than it takes me to move my funds to exchanges.  I can quite happily keep price above that level by myself, thank you.

I seem to remember someone who considers himself quite the financial guru making this exact same declaration just before the price hit the $90's.

Never say never 

Honestly, no longer than it takes me to move my funds to exchanges.  At less than $100 per coin, I will take every coin offered.

[Bitcoin Buyer Reload]

damn, you might be right on that one. but am still hoping it stays on the 250 or somewhere around..

[Snorek]

I can 100% guarantee it will never hit $0.  See above.

One ECM jammer, EMP or global power surge and bitcoin will be dead. Something like bitcoin crash can happen after 51% attack as well. For now I would rather believe that bitcoin could be de dead than it will cost more than $1000 again.

[Bitcoin Buyer Reload]

if it ever hits 0 or below 50, ill sell pretty much whatever i have to buy bitcoins.
it has been adopted by too many people for them to let it fall.
huge mafia dealers, governments and a great number of millionaires willing to risk their money in it..

they will do whatever they can to keep it stable or part-stable, this is how it works.

if it falls down by a huge margin, it means probably some people are making it happen so that the selling rush happens and they will get it back again up its price

i mean coming from a newbie, most people wont probably pay attention to what i said, but still i made my point.

[Raystonn]

I can 100% guarantee it will never hit $0.  See above.

One ECM jammer or global power surge and bitcoin will be dead. Something like bitcoin crash can happen after 51% attack as well. For now I would rather believe that bitcoin could be de dead than it will cost more than $1000 again.

An ECM jammer or global power surge would bring down the internet and all traditional fiat payment systems as well.  This is not a Bitcoin-killing scenario.  It's a societal collapse scenario.  If this happens, your dollars will be just as worthless.  Currency will be water, food, and ammo.  It's silly to bring up such a scenario here.

[yefi]

What you fail to realize is the lower the price gets, the easier it is to buy the market up.  Let's say there are 100,000 coins sitting on exchanges ready to be dumped at market price.  (Yes, silly, but let's look at this extreme case.)  If I jump in at $100 per coin with a limit order, I can absorb the entirety of the market dump all by myself with just $10 million, and end up 100,000 coins wealthier with a market that has no more ammunition to sell.

Just $10 mil. The kind of money a discerning gentleman uses each week as toilet paper.

[Raystonn]

$10 million is the price of a decent house here in Silicon Valley.  It's not that much these days.  I would consider that the minimum savings for a middle class retirement today.

[yefi]

$10 million is the price of a decent house here in Silicon Valley.  It's not that much these days.  I would consider that the minimum savings for a middle class retirement today.

I'm forever losing a million dollars down the back of the sofa, so no need to try and explain to me.

[ahmedjamal1998]

It prettily seems as a troll for me 

[gentlemand]

That 10 million figure just goes to show how ludicrously tiny this whole thing is still. There's a bizarro disconnect between the amount of noise generated and what's actually occurring in terms of market happenings.

There are tens of thousands of people who could single handedly drive things through the floor or the roof.

[Raystonn]

That 10 million figure just goes to show how ludicrously tiny this whole thing is still. There's a bizarro disconnect between the amount of noise generated and what's actually occurring in terms of market happenings.

There are tens of thousands of people who could single handedly drive things through the floor or the roof.

Lucky for us supply is limited.  So through the floor is just not possible.  A single $-wealthy person can hold the floor at a level of at least $100 per coin against any number of $-wealthy people.  You need Bitcoins to tank the market, and there aren't enough Bitcoins in sellers hands to move it beyond there as long as there is one person holding the line (buying).

[Febo]

I can quite honestly say that Bitcoin will never reach less than $100 per coin longer than it takes me to move my funds to exchanges.  I can quite happily keep price above that level by myself, thank you.

I have seen a lot of similarly honestly thoughts that BTC will never go under 500, under 400, under 300, under 200. Reality is everything is possible.

[Bralex]

I freaking hope it goes farther I want sub $100 btc.

Uhhm, you do realize that the moment we reached sub $100, most people will hurriedly sell their holdings and thus adding fuel to the downward spiral of bitcoinm right? Though we can fairly say that there are some people like you who will buy coins when it reached that amount, but that's just not the case. :3 Panic might trigger those hands to sell instantly after all, rather than to lose and get nothing in the end.

Firstly op with his 93% guarantee  

I thought these predictions were only reserved for the newbie accounts. "silly me"

Anyway dothebeats has a point with what would happen if we hit $100 major panic upon panic, most of the people who weeks earlier claimed they would buy up as much as they could at that price, when and 'if' that price came their bottom would fall out in most cases the only ones buying would be the truly hardcore and the whales, then.....

You would check the price one day a week or two later and realize how you have missed an awesome opportunity threw fear then buy in with the rest who got scared and fuel the mini pump back to where it was, it is hard but with risk comes reward.

93%