Bitcoin drop to $60

[Odalv]

In January 2014

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[akspecs]

Realistically no.  We're having these guys exchange their current bit coin for silver.  It's not a bad idea.  Unfortunately I don't have 10k + bit coins but I'd do the same.  I'm just buying myself pizza every time I make a dime in bitcoin.

[Evolvo]

haha...I do think that it will grow exponentially as the adoption rate increases...especially if larger and well known businesses start taking bitcoin transactions.  I think we might be past 100 by the end of this year.  We'll see

[danicellero]

60$... woow

[bitcoinsrock]

When does it peak? Keep going after 60?

[thomasg]

Now thats some great news!!

[Odalv]

$60 is the worst scenario :-)

[Odalv]

When does it peak? Keep going after 60?

I believe it will. It will grow forever or fail to zero (if someone destroys internet). Looks like peak will be above $200 (this year), but then may be fall.

[pyromaniac]

Still no correction yet. Nobody knows when it fall down. It can falls down just like an angel. From $40 down to $4.

[Odalv]

Still no correction yet. Nobody knows when it fall down. It can falls down just like an angel. From $40 down to $4.

I think, btc will not fall below bottom red line (under $20 in april (and then rise to $60), or $60 at the end of year). It depends on how big wave comes.

[danicellero]

I wish it would go up to 60$...incredible!!

[gILisH]

It's all about supply and demand.
If we consider the Bitcoin as Gold - then the more people use it, the more people buy with it.
The less there are Bitcoins to provide. Hence - price goes up. Hence we start using mBTC.

mBTC is a form of psychology where you don't use 1 bitcoin to buy a house or 0.0001 bitcoin to buy a bubble gum.
Numbers in our mind should stay correlated to nowadays currencies.

BTCBTCBTCBTCgILisHBTCBTCBTC

[akspecs]

Are you miner?

Yeah I've been mining a lot lately.  Nothing professional like other people.  Just a hobbyist.

I trade options mostly and am familiar with technical analysis.  When I get my charts showing this BTC data nicely I'll show you my true thoughts.  I think we're going pop before we continue our leg upward.  A healthy correction is needed.  The volatility is too high for the big adoption rate we're hoping for.

I am rooting for BTC, so don't get me wrong.  I just want to speculators to get weeded out.

[twolifeinexile]

When does it peak? Keep going after 60?

I believe it will. It will grow forever or fail to zero (if someone destroys internet). Looks like peak will be above $200 (this year), but then may be fall.

Bitcoin will fail at some time in future, nothing exist forever and do not forget bitcoin is the first crypto-currency but not nessearily the fittest either

[Sinner32.32]

I bought 320 BTC for $6/BTC, hope the rate will be $60 and up

[hyphenx]

I've been watching bitcoins since sub $6, being aussie though its difficult to get bitcoins. Finally got my mtgox account verified, had to watch the price climb from $14 to $30 in that time though

Just keep in mind that the exchange rate may not continue to climb exponentially. Recent prices fluctuated with the release of ASIC miners. Everyone buying in to purchase Avalon miners. Once BFL labs start shipping, we will see more BTC generated and this price could go down.
If though during this time more people continue to adopt bitcoin as was also seen this last few months: Reddit, Mega. We could see this stabilise prices wherever they may be. Either way, if you brought in at $6 you will make a profit any time in the next 24months.

[Woodcock36]

I first heard and "got involved" in June 2010 I was set to make a mint if I hadn't been an idiot and thought it was a fad. I don't have that wallet anymore and am trying to get back into the game, but feel like I may have been passed by on this. Getting in at $.10/BTC made sense. Getting in now feels like a major battle. I don't see any reason why there should be a $60 ceiling. BTC commerce is based on its own market and imho, the offline market value is strictly there for reference purposes. At some point when the entire financial system goes bust BTC will still act as a form of payment for digital goods and services, thus giving it a value of its own. I love that it is ~$30 because it is essentially money that has been created from thin air, and the world will start taking note because of this. When it hits $60, they will have to stand up and take note. It will be interesting to watch, but I trust we will see it shoot past 60 with ease.

[xavier]

Are you miner?

I am rooting for BTC, so don't get me wrong.  I just want to speculators to get weeded out.

Why? What's wrong with speculation?

[windtilt]

60 would be fine with me.