Price will be $5 by the end of this month

[bacsilove]

Do you guys think that the price will be at $5/1BTC by the end of this month?

[kw71]

I can't tell if this post has a purpose.

[Gabi]

Who know? Maybe yes maybe not, i think not  

[bacsilove]

I can't tell if this post has a purpose.

I just started mining last week and I need you guys opinion on the current situation with the price drop. Because if it is drops anymore I'd have to take my 3 5830 back to Frys.

[kw71]

The topic you chose seems to be an answer to the question you've asked.  With your goal in mind, it seems counterproductive to make a statement such as your topic.

[bacsilove]

Who know? Maybe yes maybe not, i think not  

Its looking pretty imminent   I guess the bubble is bursting quicker than most people have expected.

[buryfarmer]

Newbies like to say the price will be $5 by next week.
People with Bitcoins will say the price will be $50 by next week.

And nobody has a clue!

But its still fun to guess. I reckon $25 by next saturday.

[Philj]

Take em back while you can unless you want them for gaming. Mining isn't going to be able to pay back the cost of the cards any time soon, and it's getting worse.

Just my .02 BTC

[Coolty]

Mining is definitely not a way for the average joe to make extra money. You have to be dedicated and know what you are doing.

[kw71]

Philj I agree with you, it's not wise to go into debt over BTC and it wasn't before (but some people got lucky and won.)

Look at mtgox today, though, it's swinging wildly today with lots of volume.  So far today, anyone so inclined has been able to grow btc on mtgox.  Who knows how long these cycles will go on?  You don't need a high price for btc, you can also profit by growing them in the market.

[bacsilove]

Take em back while you can unless you want them for gaming. Mining isn't going to be able to pay back the cost of the cards any time soon, and it's getting worse.

Just my .02 BTC

Thanks for the advice friend, I'll probably take them back later today. I can't deny the fact that it was a fun experience though. I'm gonna store my wallet.dat on a USB drive and put it in my closet. Hopefully when I pull them out 3 years from now, it'll still worth something.

[Desu]

Who know? Maybe yes maybe not, i think not  

Its looking pretty imminent   I guess the bubble is bursting quicker than most people have expected.

That's new technology for you, Its getting coverage so it probably will go up again. Plus, look at the charts, its following the same pattern it did before the last jump up.

[cc5alive]

Based on no calculations whatsoever, I'm 98.3% positive that the value of BTC will be greater than or less than $5.  So quick... buy or sell!!!

[bacsilove]

Based on no calculations whatsoever, I'm 98.3% positive that the value of BTC will be greater than or less than $5.  So quick... buy or sell!!!

Just hold on to it bro. All we can do now is hope for the best, but if it does hit $5 by the end of this month I don't think it'll come back up.

[samablog]

Bitcoins are either worth zero or thousands each.  Much depends on events as they unfold.  Better clients developed with user friendliness in mind will help.  As will more vendors taking Bitcoins.  And of course, one can't ignore monetary policy.  A bet on Bitcoins is a bet on the future.  Day to day ups and downs are relatively meaningless imo.

[eleb]

Based on no calculations whatsoever, I'm 98.3% positive that the value of BTC will be greater than or less than $5.  So quick... buy or sell!!!

Just hold on to it bro. All we can do now is hope for the best, but if it does hit $5 by the end of this month I don't think it'll come back up.

I think that it's likely we'll see some more of a drop, but it could likely come back up in time - what it's going to take is a better economy outside of simply trading bitcoins for money.  If/when we see more sites taking them for more 'normal' purposes, there will be more of an incentive to spend them.   What's the final value going to be - don't know.  But that's not something that we'll know for a long time - even if it goes through a long down period.

[Bleak Morn]

Do you guys think that the price will be at $5/1BTC by the end of this month?

Glad to see you're out of the hospital. First "the rapture", now the vague BTC prediction.

[Bleak Morn]

Because if it is drops anymore I'd have to take my 3 5830 back to Frys.

Please do. Fewer miners means more BTC for me.

[GeniuSxBoY]

Someone just sold a shitton of bitcoin.

[TiagoTiago]

There will be little (relatively speaking) dips now and then, but long term the price is only going up.