The MtGox exchange rate will not exceed $100/BTC in 2013

[oakpacific]

Proudhon down! I repeat, Proudhon down.

This won't phase him. He's only been wrong thousands of times before.

He is conspicuously absent right now, though.

He has been away for one day.

[proudhon]

[mccorvic]

I love that you have a sense of humor though

[Faraday]

Lol^ 

[oakpacific]

I love that you have a sense of humor though

He will do good nearly anywhere, too bad his opponent is Bitcoin.

[proudhon]

I am on the road for work right now. I'll try to pay everyone when I get back in the office for lunch. I owe two people from this thread plus smoothie from another thread.

[mai77]

gimme 1 btc then

or is it aprils fool's day?

[proudhon]

gimme 1 btc then

or is it aprils fool's day?

No.  You didn't qualify.

Also, all my promises have been paid out.  1BTC each was sent to the addresses that Kalinka and Crazy posted on the first page of this thread.  1BTC was sent to the address that smoothie sent to me in a PM this morning.

[proudhon]

Finally, sure, this all seems very exciting, and it may seem like the egg is on my face, but I still think we're around the top of a giant bubble and that the price will crash very hard soon.  It's just difficult to say exactly when, but I can't imagine the price staying above $100 for very long, and once it moves definitively back under $100, I expect a very long correction.

[Wardan_reloadeD]

Finally, sure, this all seems very exciting, and it may seem like the egg is on my face, but I still think we're around the top of a giant bubble and that the price will crash very hard soon.  It's just difficult to say exactly when, but I can't imagine the price staying above $100 for very long, and once it moves definitively back under $100, I expect a very long correction.

http://www.reactiongifs.com/wp-content/uploads/2012/09/orson_wells_Slow-Clap.gif

[Piper67]

Finally, sure, this all seems very exciting, and it may seem like the egg is on my face, but I still think we're around the top of a giant bubble and that the price will crash very hard soon.  It's just difficult to say exactly when, but I can't imagine the price staying above $100 for very long, and once it moves definitively back under $100, I expect a very long correction.

Holy smokes, Proud, give us a bit of a break. We can't keep taking these massive climbs that follow each of your doom and gloom predictions... some of us have work to do!!!

[BitcoinTate]

Finally, sure, this all seems very exciting, and it may seem like the egg is on my face, but I still think we're around the top of a giant bubble and that the price will crash very hard soon.  It's just difficult to say exactly when, but I can't imagine the price staying above $100 for very long, and once it moves definitively back under $100, I expect a very long correction.

So what's the call on $150 proudhorn? Next week?

[Peter Lambert]

Finally, sure, this all seems very exciting, and it may seem like the egg is on my face, but I still think we're around the top of a giant bubble and that the price will crash very hard soon.  It's just difficult to say exactly when, but I can't imagine the price staying above $100 for very long, and once it moves definitively back under $100, I expect a very long correction.

The overall price of bitcoins depends on its use. I have seen a few different analysis that put the price supported by transactions (buying/selling goods and services, simple remittances, etc) at around 10 USD. Speculation without any actual backing economy would have the price bubble up and go back down to under 0.01 USD. People using BTC as long-term savings, however, the price just depends on how much people want to save in bitcoin, so the total money supply could go up at least another couple orders of magnitude.

I suspect that most of the current rise has been driven by speculation, however, there have been people putting their capital into bitcoin, and people running bitcoin based business leaving their earnings in bitcoin. So while I believe the price can go down quite a bit from where it is at, it does not have to go down. It just depends on if the savers and earners can get their money into bitcoin as fast as the speculators are pulling out.

[VeeMiner]

Sorry folks, I'm pretty sure the top is finally in, and we're probably heading into long-slow-slide round 2.  I hope everyone had fun.  If the MtGox* exchange rate does exceed $100/BTC in 2013, then I'll give 1BTC each to the first two people to post in this thread who have a post count between 20 and 300.

*I'll count CoinLab too, if that ever becomes a thing

Edit:  Congratulations to Kalinka and Crazy!  Most likely you will not get anything.

or not

[Zangelbert Bingledack]

Congrats to proudhon for manning up. I have a theory that proudhon is really Satoshi, using a brilliant campaign of reverse psychology to magically waft the price higher and higher.

[Crazy]

Kudos to you proudhon, you have strong character my friend. A man of his word on the internet is a rare phenomenon.

[jwzguy]

To paraphrase Ron Paul grilling Bernanke:
What's it going to take for you to admit you were wrong?

I miss early 2011 proudhon. Please snap out of it!

[Rampion]

Proudhon, I have to admit I admire you - because of your nick, because you put your money where your mouth is, and because these forums would be very boring without you.

Kudos

[yokosan]

Can you make a "The MtGox exchange rate will not exceed $1,000/BTC in 2014" thread now please?

[paraipan]

Can you make a "The MtGox exchange rate will not exceed $1,000/BTC in 2014" thread now please?

+1