When in 2013 shall Bitcoin break its all-time-high of $31?

[goldlyre]

It seems most probably to my finger's bone that Bitcoin may break its all time high of $31 in 2013, but don't know in which quarter. Any input and vote shall be greatly appreciated.  

- Goldlyre in Shanghai, China

[da2ce7]

why not in December 2012?

[goldlyre]

why not in December 2012?

in December 2012 is most unlikely. My vote is in 4th quarter.

[DeathAndTaxes]

I don't think so.  2015 or maybe 2014.  The surges in prices are less extreme now.  I don't think we will see any +100% years.  $20 maybe.

[mccorvic]

Nobody knows!

But the answer is 3rd quarter.

[Bitcopia]

I bet we see slightly more stable price action as more money enters the arena and the pump and dump becomes more capitally demanding.

My guess is we see a climb to $15 before the end of 2012, a correction to the $12's and maybe rise to a solid $16-$20 base by the end of 2013.

[Jack1Rip1BurnIt]

I bet we see slightly more stable price action as more money enters the arena and the pump and dump becomes more capitally demanding.

My guess is we see a climb to $15 before the end of 2012, a correction to the $12's and maybe rise to a solid $16-$20 base by the end of 2013.

I hope you guys with the $20 guesses are correct.

[klee]

4th quarter - 2$/month

[squall1066]

Even though there has been some set back, The trend is still on a rise, The set limit of $31 was when bitcoin was much more new and volatile than now, And it's still very volatile, If we see another $30+ it will only be a spike, and fall back down, But to a level still above before it shoot up. so I will say 4th quarter, But I beleive a spike will hit before then.

In conclusion, When we look back in a few years we will see a slowly rising price, But is it BTC rising or fiat currency's devaluing?

[proudhon]

I don't think so.  2015 or maybe 2014.  The surges in prices are less extreme now.  I don't think we will see any +100% years.  $20 maybe.

This.  There are simply too many holders of large collections of bitcoins and as the price increases it's easier and easier for less and less bitcoins to push it back down.  There'd need to be a lot more money on MtGox to get back to $31 and that's just to get there.  There'd need to be even more money to keep it there.  We're probably years away from that.

[zakalwe]

I don't think so.  2015 or maybe 2014.  The surges in prices are less extreme now.  I don't think we will see any +100% years.  $20 maybe.

This.  There are simply too many holders of large collections of bitcoins and as the price increases it's easier and easier for less and less bitcoins to push it back down.  There'd need to be a lot more money on MtGox to get back to $31 and that's just to get there.  There'd need to be even more money to keep it there.  We're probably years away from that.

Hmmmm and what about the return of me.ga? If Kim decides to accept bit coin/litecoin? What would happen?

[2GOOD]

May/June is a great time for a spike 

[squall1066]

May/June is a great time for a spike 

Agreed, The same time BFL send their first shipment! 

[deeplink]

May/June is a great time for a spike  

Agreed, The same time BFL send their first shipment!  

I think he meant May/June 2013, not 2015  

[2GOOD]

May/June is a great time for a spike  

Agreed, The same time BFL send their first shipment!  

I think he meant May/June 2013, not 2015  

Correct 2013, but I still hope for 2012 shipping 

[proudhon]

I don't think so.  2015 or maybe 2014.  The surges in prices are less extreme now.  I don't think we will see any +100% years.  $20 maybe.

This.  There are simply too many holders of large collections of bitcoins and as the price increases it's easier and easier for less and less bitcoins to push it back down.  There'd need to be a lot more money on MtGox to get back to $31 and that's just to get there.  There'd need to be even more money to keep it there.  We're probably years away from that.

Hmmmm and what about the return of me.ga? If Kim decides to accept bit coin/litecoin? What would happen?

Probably the same thing that happened when Wordpress accepted bitcoin - a small rise in price.  The fact is that bitcoin is still far too obscure and difficult to use for the vast majority of people.

[gimme_bottles]

I don't think so.  2015 or maybe 2014.  The surges in prices are less extreme now.  I don't think we will see any +100% years.  $20 maybe.

This.  There are simply too many holders of large collections of bitcoins and as the price increases it's easier and easier for less and less bitcoins to push it back down.  There'd need to be a lot more money on MtGox to get back to $31 and that's just to get there.  There'd need to be even more money to keep it there.  We're probably years away from that.

Hmmmm and what about the return of me.ga? If Kim decides to accept bit coin/litecoin? What would happen?

Probably the same thing that happened when Wordpress accepted bitcoin - a small rise in price.  The fact is that bitcoin is still far too obscure and difficult to use for the vast majority of people.

IMO me.ga (if accepting bitcoins) will have a much greater impact on bitcoin. compared to me.ga wordpress is tiny, also lots of people, whether they read blogs or not, don't know what wordpress is.
just imagine the impact on bitcoin when every kiddy who wants to watch a movie online gets confronted with a (potentally) anonymous way to pay for me.ga.

[Elwar]

The price will drop back down under $4 when people cash out to buy Christmas presents like last year.

[adamstgBit]

The price will drop back down under $4 when people cash out to buy Christmas presents like last year.

price went up like crazy last Christmas....

[Bitcopia]

In conclusion, When we look back in a few years we will see a slowly rising price, But is it BTC rising or fiat currency's devaluing?

It's both. Faith is growing in bitcoin. Faith is declining in fiat, as it very well should. All fiat currencies eventually and inevitably return to their intrinsic value, zero.