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Question: BTC value in 12 months?
$13-$15 - 10 (8%)
$15-$17 - 15 (12%)
$17-$19 - 15 (12%)
$20 - 4 (3.2%)
$20+ - 81 (64.8%)
Total Voters: 125

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Author Topic: What will BTC be worth in 12 months  (Read 3979 times)
notig
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January 31, 2013, 05:44:45 AM
 #81

I'd just point out a couple of things. With bitcoin getting noticed more.... all it takes are a few big fish to start buying. That alone could drive price up. There are plenty of people in the world who are capable of buying large chunks of bitcoins with their pocketchange.

With asics coming into play.... the supply from mining side will be more concentrated in the hands of fewer people. This means that they could potentially influence the market more than before. Not if they sell but if they don't sell the coins they mine.

I think the keepers of larger amounts of bitcoins all have ideas about how much they think bitcoins are worth. If bitcoins rise up in price it will hit these tiers... where people will either spend or sell at least some of the bitcoins they hold because they finally feel that's how much they are actually worth.  That, combined with day traders will cause spikes in the price ... but the price will not drop as low.. and the highs will get higher.

I think 1 year from now the price will be around 37. just a guess
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