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Question: In the next MONTH... Do you predict bitcoin will rise in value? Or Fall?
Fast increase... - 15 (50%)
Slow increase... - 7 (23.3%)
Stay relatively the same... - 4 (13.3%)
Slow decrease... - 2 (6.7%)
Fast decrease... - 2 (6.7%)
Rock bottom. - 0 (0%)
Total Voters: 30

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Author Topic: Bitcoin: The rise or fall?  (Read 762 times)
araisbec
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June 09, 2011, 10:39:59 PM
 #1

I think this could be interesting...

Lets get an overall consensus here. Obviously my scale is highly subjective, so whatever choice you decide on, please leave your estimated % change in value if possible.

I'll start; I vote that bitcoin will slowly decrease.

From a mainly speculative perspective, it blew up in value SO fast, it just seems impossible that it will continue to climb.
Plus, the negative media attention (people scared off by the Senator's remarks), as well as the government most likely fucking over the exchange site(s) in some way or another.

I feel like the value in the next month is going to decrease to around $18 or slightly less. What do you guys think?
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scooter
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June 09, 2011, 10:51:50 PM
 #2

As a hobby I trade on the forex market.
I trade using a mix of technical and fundamental analysis. Usually, I can make a pretty educated guess as to where a currency will go.

Bitcoin is totally different. Anyone can guess, but ultimately these waters are uncharted and no can know what is going to happen.
Though my gut tells me that eventually something will cause it to collapse. Which is ok because I consider this to be a an experience that will lead to something bigger and better in the future.
imperi
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June 09, 2011, 11:27:03 PM
 #3

Obama will make it rise fast, don't you worry about that.
scooter
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June 09, 2011, 11:31:07 PM
 #4

Obama will make it rise fast, don't you worry about that.

That guy is amazing.. he can do ANYTHING!
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