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Author Topic: At what price do you think bitcoins will stabilise out at?  (Read 1102 times)
felix913
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June 27, 2011, 03:27:10 PM
 #1

In the title really how high will the price of bitcoins go .... will it break the $30 point within the next few months?
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bitcoinconnection
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June 27, 2011, 03:30:41 PM
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I guessing $20-25 range.
mike678
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June 27, 2011, 03:38:55 PM
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I think it definitely has a chance of breaking the 30 dollar mark in the coming month or two. However I think the people who believe it will go higher then 100 dollars are slightly delusional. I don't think people have the capacity to deal in .001 bitcoins or less.
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June 27, 2011, 05:24:25 PM
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Very hard to predict because it depends on so many factors - new user interest, speculation, actual use of it as a currency, etc.

If I had to take a guess - it'll go to $100.  Sounds crazy, but I believe that demand will exceed supply for quite a while to come.. and that's why the price should continue going up in the long term.  I remember when people sold at 5 cents because they had made 10 times their money, and nobody thought it would ever go to 10 cents.. that kind of thinking was 'delusional'. Yet look at where we are now. 
If nothing else, Bitcoin is a fascinating experiment at a true free market driven by supply & demand
BitcoinPorn
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June 27, 2011, 05:26:07 PM
 #5

$30 to $40.

In 5 years, it will have gained itself up to $50-$60 as the normal price.

mike678
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June 27, 2011, 05:37:51 PM
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Very hard to predict because it depends on so many factors - new user interest, speculation, actual use of it as a currency, etc.

If I had to take a guess - it'll go to $100.  Sounds crazy, but I believe that demand will exceed supply for quite a while to come.. and that's why the price should continue going up in the long term.  I remember when people sold at 5 cents because they had made 10 times their money, and nobody thought it would ever go to 10 cents.. that kind of thinking was 'delusional'. Yet look at where we are now. 
If nothing else, Bitcoin is a fascinating experiment at a true free market driven by supply & demand

I agree it probably could go above 100 dollars but I don't think people will be able to comprehend the cost of items being sold at .001 bit coins or .0001 which will hinder its ability to go higher.
vector76
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June 27, 2011, 05:38:48 PM
 #7

The only stable price is zero.
venom
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June 27, 2011, 05:41:19 PM
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I agree it probably could go above 100 dollars but I don't think people will be able to comprehend the cost of items being sold at .001 bit coins or .0001 which will hinder its ability to go higher.

You must be a bit newer here.  The fractional thing isn't an issue, there are people already working on sub-units.  The bitcoin itself was designed with deflation as a possibility.. so in the future we may be doing 1 millicoin = 0.001 BTC or something.. the bitcoin software will just get updated for that, if the requirement should arise in the future... so it's a non-issue.

I can tell you just by looking at the trading ladders that one big player could push the price of bitcoin to $50 easily... if someone wants to do that.  By big I mean someone with a million, who feels like taking a big speculative position.  The bitcoin market is really in its absolute infancy, when you look at the bigger picture.
mike678
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June 27, 2011, 05:47:52 PM
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I agree it probably could go above 100 dollars but I don't think people will be able to comprehend the cost of items being sold at .001 bit coins or .0001 which will hinder its ability to go higher.

You must be a bit newer here.  The fractional thing isn't an issue, there are people already working on sub-units.  The bitcoin itself was designed with deflation as a possibility.. so in the future we may be doing 1 millicoin = 0.001 BTC or something.. the bitcoin software will just get updated for that, if the requirement should arise in the future... so it's a non-issue.

I can tell you just by looking at the trading ladders that one big player could push the price of bitcoin to $50 easily... if someone wants to do that.  By big I mean someone with a million, who feels like taking a big speculative position.  The bitcoin market is really in its absolute infancy, when you look at the bigger picture.

Alright I didn't know that. If some kind of milicoin is created then I see no problem with the price going higher eventually.
assbowser
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June 27, 2011, 07:42:59 PM
 #10

Could be $100 or $0 for all anyone knows since its future depends on so many factors including how many services grow that will accept Bitcoin, the extent of its adoption by the general public, the result of increased scrutiny by law enforcement (you can be sure that the IRS will get involved if people actually start using Bitcoin to a larger extent...), etc.
catcherintherye
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June 27, 2011, 07:45:22 PM
 #11

I think as more people get into it the price will jump way up and then start to go down.
wamatt
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June 27, 2011, 08:02:00 PM
 #12

Assuming no major screwups hard to see why it *wouldn't* go past $100 or even $1000 in the next few years.

Did bitcoiners suddenly forget the 200 000+% increase we saw?
Windsong
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June 27, 2011, 08:08:39 PM
 #13

I say 100,000 by next May Tongue
But seriously i dont see why it wont exponentially increase from here until its a universal currency, used my a majority of people
Oldminer
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June 27, 2011, 08:11:18 PM
 #14

Your question is very general. Over what time frame are you talking?

I dont think it will 'stabilise' at all for many years to come. I think were going to see a general upward trend in value with small fluctuations along the way.

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Bossland
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June 27, 2011, 08:28:12 PM
 #15

Around $100
Kyle Bball Boy
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June 27, 2011, 09:27:47 PM
 #16

Probably around $20 dollars now, but it'll gradually increase as time goes on and bitcoins become harder to mine.
Exdeus
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June 27, 2011, 10:48:53 PM
 #17

i think it will go to around the $23-24 mark then start moving up very slowly.

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