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Question: On Dec 31, 2013, the price of 1 BTC will be:  (Voting closed: June 11, 2013, 11:50:13 AM)
$0 - 1 (1.4%)
< $100 - 6 (8.7%)
< $300 - 34 (49.3%)
< $600 - 11 (15.9%)
< $1,000 - 7 (10.1%)
< $2,000 - 3 (4.3%)
> $2,000 - 4 (5.8%)
a distraction from Bitcoins more important function as a means of exchange. - 3 (4.3%)
Total Voters: 69

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Author Topic: On Dec 31, 2013, the price of 1 BTC will be:  (Read 1833 times)
RangerK (OP)
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May 21, 2013, 11:50:13 AM
 #1

I suppose analysis should take into account a weakening dollar as much as a rising Bitcoin.

Some people think the emphasis on Bitcoin as a store of value (or commodity for trading) distracts from its use as a medium of exchange.  What do you think?

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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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ning
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May 21, 2013, 05:47:10 PM
 #2

It's determined, but not predictable:)
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May 21, 2013, 06:25:04 PM
 #3

5 million Smiley
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May 21, 2013, 06:47:08 PM
 #4

87/btc
catmandogirl
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May 21, 2013, 07:55:37 PM
 #5

Im gonna say $127
masterblaster
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May 21, 2013, 08:01:16 PM
 #6

It's still widely unaccepted, once it does become accepted in a broad sense and if the market cap raises to around 100Billion then were're looking at numbers over 5k a piece. Right now there is so much infrastructure being built that I'm excited. But there is a looming sense of "woosh" it's all over should the blockchain ever become compromised.
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May 22, 2013, 03:42:49 AM
 #7

Some people think the emphasis on Bitcoin as a store of value (or commodity for trading) distracts from its use as a medium of exchange.  What do you think?
I think these people are idiots. Why would anyone accept it as a medium of exchange if it's not useful as a store of value? Being a good store of value or a useful commodity is a prerequisite for something to be used as a medium of exchange.

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May 22, 2013, 03:46:10 AM
 #8

around 140 i guess
MrSike
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May 22, 2013, 03:48:41 AM
 #9

Above 300.

BTC: 1167XUNMF95xpRvQphKnKXPiJmP16cgTpm
MRO: 49BqijXcCU4MGfp2PGpqETNnX4yjrx9ZNj8TiKUj2N1kAZmY3A5cmHfiDGHnnTDiwbfmE7MZYDrSATz 2AN1JQvtWGVm6MJ6
Eric in TX
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May 22, 2013, 04:10:02 AM
 #10

Seems like the price is pretty stable at current levels.
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May 22, 2013, 04:59:05 AM
 #11

I did a quick pessimistic exponential curve fit and came up with $2670. That is completely ridiculous for sure, but it's what I answered for the poll. If that is the price on 12/31/13, I predict that it will then crash and we'll all be able to pick up some cheap coins at $500.  Wink
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May 22, 2013, 05:03:39 AM
 #12

It's been hovering around $100 - $120.  Definitely below $300 unless there is some kind of big announcement.
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May 22, 2013, 05:12:21 AM
 #13

I guess it will be about 170-180$ stabilized then
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May 22, 2013, 06:06:12 AM
 #14

$300!
weee
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May 22, 2013, 08:03:15 AM
 #15

i hope >2000$  Roll Eyes
but i vote <300$  Roll Eyes
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May 22, 2013, 09:18:59 AM
 #16

between $150 and $180
Kazimir
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May 22, 2013, 09:31:01 AM
 #17

$ 192.14

In theory, there's no difference between theory and practice. In practice, there is.
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May 22, 2013, 10:26:06 AM
 #18

Im gonna say $194
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May 22, 2013, 10:30:38 AM
 #19

$ 192.14
lol very specific answer
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May 22, 2013, 10:35:58 AM
 #20

I said < $600. Bitcoin has peaked at $266, it can go higher with all the media attention. Now, I'm not saying it WILL (don't invest based on what I say) but it could easily go higher than $300. Nonetheless, there is also the possibility of a massive crash which, although it would be a much needed buy in opportunity, would make the media rave about how bitcoin can't be use as a currency because it's too unstable... again.
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