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Author Topic: Predictions after tomorrow's difficulty increase?  (Read 1067 times)
stabs
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June 15, 2011, 03:58:36 AM
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Right now it appears the market things BTC is worth roughly $20 a piece.  After tomorrow's increase does anyone have any predictions of a price?
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anthony_
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June 15, 2011, 04:02:26 AM
 #2

i am hoping it jumps back up to $30-40 each
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June 15, 2011, 04:04:32 AM
 #3

i am hoping it jumps back up to $30-40 each

At least.
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June 15, 2011, 04:06:26 AM
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I just hope it doesn't build itself up enough to collapse in a flaming death spiral of agonizing doom. But I'm not an economist, so...

-Wizard-Ninja-
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June 15, 2011, 04:06:51 AM
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i am hoping it jumps back up to $30-40 each

At least.

Yeah, I would be happy with $30-40 but like $50+ would be ideal.
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June 15, 2011, 04:37:42 AM
 #6

I predict.... no change at all.

lessPlastic
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June 15, 2011, 04:39:41 AM
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The idea that everyone's banking on is that although the difficulty increases, it will be offset by the exchange rate going up as well. I think it will go up a few dollars, but nothing spectacular.
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June 15, 2011, 04:53:44 AM
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One could argue that a price increase because of a difficultly increase already got priced in from it hitting $10 and change until now. In the new york stock exchange, stock prices typically move based on estimations and expectations of future events. Since the difficulty change is known in advance, those that believe that will cause the price to go up would buy in as soon as they know of the difficulty increase. Why would one wait until the difficulty increase actually happens to buy in if that is your reason for buying (more)?
jeffersonkim
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June 15, 2011, 05:05:03 AM
 #9

I hope it doesn't crash so soon.  I'm already started investing in mining Sad
stabs
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June 15, 2011, 05:06:18 AM
 #10

One could argue that a price increase because of a difficultly increase already got priced in from it hitting $10 and change until now. In the new york stock exchange, stock prices typically move based on estimations and expectations of future events. Since the difficulty change is known in advance, those that believe that will cause the price to go up would buy in as soon as they know of the difficulty increase. Why would one wait until the difficulty increase actually happens to buy in if that is your reason for buying (more)?

This is true but this is a brand new market and as we saw over the weekend price can fluctuate rapidly.  I'm in the boat that we'll see a small increase (maybe $25) but nothing too spectacular.
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June 15, 2011, 05:15:40 AM
 #11

$50+

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
Tip me BTC: 1FBmoYijXVizfYk25CpiN8Eds9J6YiRDaX
stabs
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June 15, 2011, 02:09:05 PM
 #12

So far no change in value, it appears the price was already built in by the market.
SomeoneWeird
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June 15, 2011, 02:13:48 PM
 #13

So far no change in value, it appears the price was already built in by the market.

Something's wrong. Next difficulty jump should be 2 weeks, it's only 5 days though.
Maged
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June 15, 2011, 07:57:55 PM
 #14

I predict.... no change at all.
Damn I'm good!

btcash
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June 15, 2011, 08:48:23 PM
 #15

i am hoping it jumps back up to $30-40 each
You wish. I guess you bought last week at 29$.

I am pretty sure that rate will stay between 18-20.

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bruteoger
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June 15, 2011, 08:49:23 PM
 #16

Yup the rate appears to be consistent.
grimex
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June 15, 2011, 08:57:50 PM
 #17

I expect speculators will get tired at waiting for the current difficulty and they will mass sell their bitcoins leading to a crash
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