Will Bitcoin ever hit $50?

[Ivica]

50$? Ever? Yes.
This month? Probably no.
Next month? Maybe.

[donjoe]

We could've totally hit 50 this month if not for the glitch. Now it's a toss-up between March and April. Maybe if the Lannisters use part of their massive wealth to buy some bitcoins in Season 3 it will be just enough help.

[zkay]

We have failed the ATH on massive volume. There has been massive pump on bitcoin and the selloff will take us down.

I am not part of the team, but I appreciate what they are doing. Bitcoin is already immensely valuable and the price needs to be kept in check to prevent disruptions in global economy. I expect $300 by the years end and a subsequent crash to $120. This correction will take us to $30-$35 because there will always be a buyer for every seller.

Would you mind expanding on that at all? I like this theory and feel it is close(ish) to the truth. What makes you mention the record volume failing to hit the ATH? If it was going to happen, it would have happened then?

Please excuse my ignorance.

[tbeau1]

Already hit $50 today on Bitfloor.

[420]

March 17

[rpietila]

I don't think rpietila has anything but speculation (pardon my french) and wild guesses to back up his postulations. Other than the volume comment, which is easy to see by looking at any graph that shows USD trade volume.

Well, considering that we are in the "Speculation" subforum, is this not how it's supposed to be? 

We were nearing ATH when the blockchain bug was found, and the resulting selloff (technically, in TA) means, that we failed to confirm the recent high. This often gives the market a dampener and makes it unable to overcome the high for an extended period of time.

As for the manipulation of the markets by big players, oh, I have been around in gold, silver, and currencies for too long, in order not to know how the things are managed. And I think it's fine.

[julius]

Yes. Today it will hit 50.

[afbitcoins]

It will hit $50 before the end of March

 

[CoinDiver]

We will crack $50 on 4/20... call it the SR effect.

[Surpbitcoin]

We will crack $50 on 4/20... call it the SR effect.

+1

[rpietila]

OK, one more day with weak trading action..

I have a purchasing plan for rather many bitcoins but I will suspend it until we see $3X's. The breaking of $50 is not really in the cards now. Sorry.

[yokosan]

OK, one more day with weak trading action..

I have a purchasing plan for rather many bitcoins but I will suspend it until we see $3X's. The breaking of $50 is not really in the cards now. Sorry.

Yep. Once we hit $45 the ensuing panic will bring us to the figure you are waiting for.

[rpietila]

OK, one more day with weak trading action..

I have a purchasing plan for rather many bitcoins but I will suspend it until we see $3X's. The breaking of $50 is not really in the cards now. Sorry.

Yep. Once we hit $45 the ensuing panic will bring us to the figure you are waiting for.

Good. See you then. $35,000 -> BTC1000 sounds like much better than BTC1000 for a pizza slice.

[n8rwJeTt8TrrLKPa55eU]

I think there is a decent chance that today's events in Cyprus will generate enough demand this week to push price permanently over $50.  And also gold over $1600.

[Brushan]

I think there is a decent chance that today's events in Cyprus will generate enough demand this week to push price permanently over $50.  And also gold over $1600.

I hope so. But how big is BTC in Cyprus? Do a lot of people know about it? I think that we should use this to advertize BTC in Cyprus so they don't all end up buying gold instead.

[1Pakis]

Money in Cypriot banks are half Russian money. The problem in Cyprus is way more complex than you think.

[n8rwJeTt8TrrLKPa55eU]

I think there is a decent chance that today's events in Cyprus will generate enough demand this week to push price permanently over $50.  And also gold over $1600.

I hope so. But how big is BTC in Cyprus? Do a lot of people know about it? I think that we should use this to advertize BTC in Cyprus so they don't all end up buying gold instead.

My guess is that the demand for BTC this week will be coming not from Cypriots, but from the rest of Europe, scared of seeing something similar happening at home...

[Tomatocage]

Motion to rename this forum to "Take spot rate, add or subtract $3 to it, then make a thread about when it will hit the sum/difference"

[Crypt_Current]

Motion to rename this forum to "Take spot rate, add or subtract $3 to it, then make a thread about when it will hit the sum/difference"

Motion noticed

[donjoe]

Well well. You just couldn't help yourselves, could you. $50 broken way before the end of the month.