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Author Topic: When do you expect and when do you want BTC to go over 30 bucks again?  (Read 4947 times)
TiagoTiago
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June 22, 2011, 09:53:00 PM
 #1

There are a couple threads asking about prices, i'll make this one asking about dates


I'm not sure on an exact date, but i'm confident we'll cross 30 again before the end of the year.


But i would rather if by the end of next week we were already there.




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muyoso
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June 22, 2011, 09:59:52 PM
 #2

I want the market to tank over the next couple weeks and then I don't really care how long it takes to pass 30.

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June 22, 2011, 10:21:46 PM
 #3

I predict that we will hit $30 mark before we hit the end of the 7th day after MtGox opens likely sooner. I really doubt a huge sell off out the gate because of the fact that other exchanges are holding prices above $10+ easily. Even if there is a selloff right out the gate, the prices will recover past $30 before the end of 7th day of trading after reopening.
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June 22, 2011, 11:17:05 PM
 #4

I want it to hit $20 again so I can recoup the BTC I got from TheRealPlato in exchange for gas when it was $20 that day  Wink
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June 23, 2011, 04:56:45 AM
 #5

We've just had two days of a nice steady $13-$15 Bitcoin. There's enough trading that it seems the market agrees that's the price.
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June 23, 2011, 06:46:21 AM
 #6

4th of July.

Nagle you have no vision. The price should not stabilize until the exchange rate provides enough units that fully mined would account for a significant minority of global GDP (~US$50Trillion). For that to happen, $1 needs to be around 0.00000100BTC - 0.00001000BTC. With your idea stabilizing around $15:1BTC you are confining BTC to Black market or insular community usage. That puts the US$ at 0.06666667 and means BTC will never have a market cap beyond $315 million. That's not enough money to satisfy globabl spending on TV shows through iTunes let alone be a viable world currency.

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June 23, 2011, 06:57:41 AM
 #7

We need the client software to become better developed, more secure and it to show 0.000001 BTC as 1uBTC or something. Humans will not accept buying shoes online for .000060 BTC, it needs to be 60 uBTC. But a good outlook on things Hawks... guess we are still all early pioneers, and earning 3 BTC per day may be a tremendous amount of currency.
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June 23, 2011, 06:59:08 AM
 #8

Yesterday.

Jack of Diamonds
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June 23, 2011, 10:04:22 AM
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We need the client software to become better developed, more secure and it to show 0.000001 BTC as 1uBTC or something. Humans will not accept buying shoes online for .000060 BTC, it needs to be 60 uBTC.

It still sounds too arbitrary.
With all due respect to the community, there are far too many autistic ideas thrown around that will never gain mass acceptance.

It needs to be something the common man/woman can identify with, like "bitcent". A hundred or thousand of those could be a "bitcoin".
To have widespread use for BTC, the infrastr. needs to be developed for someone who can turn on the computer, surf the web & understands how to download bitcoin and obtain a wallet, but not much beyond that.

Because that's 99.9% of the world's (internet) population no matter how superior some Unix geeks want to feel. We need to think about the demands of the larger market for BTC to succeed.

One of the best ideas is physical Bitbills, the owner has done a really good job with it. That's exactly the kind of stuff Bitcoin needs to get visibility and acceptance.

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June 23, 2011, 11:42:52 AM
 #10

Metric system works for me - 1000 microbits (uBTC) = 1 millibit (mBTC), and 1000 millibits = 1BTC

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bitcoinTrader
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June 23, 2011, 11:53:03 AM
 #11

29th June it will be >=30.

Just a wild guess  Tongue

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June 23, 2011, 12:35:34 PM
 #12

A few days after MtGox comes back online, if there are no other security issues  Smiley
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June 23, 2011, 12:47:33 PM
 #13

November-December 2011

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frutza
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June 23, 2011, 12:53:44 PM
 #14

Fees will be lower for a couple of week (less than half of what they used to be) which will encourage lots of speculation. However, at the end of the reduced-fees period, the speculator will be better-off if BTC is $30 not $10...
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June 23, 2011, 01:08:15 PM
 #15

I want it to hit $20 again so I can recoup the BTC I got from TheRealPlato in exchange for gas when it was $20 that day  Wink

I hope it does too simply because I want you to be rewarded for helping Plato along his way.  I don't mind bitcoin stabalizing at $15 personally for the time being.

Alex Beckenham
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June 23, 2011, 01:17:07 PM
 #16

I'll guess 2 or 3 weeks, and that's pretty much in line with what I'd prefer too.

If no-one wants the $900 or so in my AlertPay account, I'll have to withdraw it and get it into an exchange somehow, that'll take time Undecided

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June 23, 2011, 02:43:57 PM
 #17

On a log graph, even with the viruses, pump-and-dump, heist and Mt. Gox, and all you nah-sayers, week over week, the price is on a pretty consistent exponential trajectory: http://bitcoincharts.com/charts/chart.png?m=mtgoxUSD&v=1&t=S&l=1&r=60 Assuming no major catastrophes, I expect we'll hit $30 on schedule, mid July, and $50 in August.

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netrin
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June 23, 2011, 02:57:06 PM
 #18

We need the client software to become better developed, more secure and it to show 0.000001 BTC as 1uBTC or something. Humans will not accept buying shoes online for .000060 BTC, it needs to be 60 uBTC.
It needs to be something the common man/woman can identify with, like "bitcent". A hundred or thousand of those could be a "bitcoin".

You realize that 'cent' is already an SI prefix (in this case suffix). Whether bitcent or centibitcoin, it's just a term and it means 1/100th. I expect no semi-computer literate human would have trouble with milli-, micro-, nanobitcoins. In a given year, we'll probably only use one or two terms. I expect people can learn - it's money after all.

I expect slang to drop the 'bit' and personally expect we'll soon be exchanging picocoins (nano is so last decade!).
 
To have widespread use for BTC, the infrastr. needs to be developed for someone who can turn on the computer, surf the web & understands how to download bitcoin and obtain a wallet, but not much beyond that.

I'm surprised there are not a lot more mybitcoin.com competitors already. I will not help my grandmother secure her local wallet, but I can make her an account and give her a really clever password.

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mineority
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June 23, 2011, 06:28:46 PM
 #19


To be honest, I don't think the BTC price will ever go over 30 again. Never ever.

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June 23, 2011, 06:58:11 PM
 #20


To be honest, I don't think the BTC price will ever go over 30 again. Never ever.

I think you would be in the mineority there.  Grin

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