Do You Think The Price of Bitcoins Will Go Down To $5.00?

[jeffshed]

not unless quantum computers are invented.......or someone has like 50million in btc and wants to kill the price for a single instant

[18RATTT]

New here.  Do you think the price of Bitcoins will go back down to $5.00?

Nope.
if it does, i for one willing to buy 1000 btc instantly!

[Swordsoffreedom]

Only if the bitcoin ecosystem becomes outdated

[udet4food]

Not anytime soon

[n691309]

New here.  Do you think the price of Bitcoins will go back down to $5.00?

Only if Bitcoin fails

[GIANNAT]

No Way!.........unless sha256 is compromised.

It's not a problem if sha256 is broken, and this was already said by Satoshi, so it's just a matter of changing algo.

[favdesu]

well... feel free to sell your btc for $5 ea to me.

[pie3636]

No way thay can't drop so far... Millions of dollars have been invested in Bitcoin so far, i just can't imagine it dropping it so low

[b!z]

1mBTC for $5 in the future, sure

[Buffer Overflow]

What goes up must come down.

Doesn't seem to work with the price of petrol & diesel though.

[mastaZZ]

I expect rather the price to be higher and higher 
Too much money inested in this biz, too much greed etc they won't let the price to fall.
The better question: when it will reach 1000$ 

[blasthash]

$5.00 is too low to be a predictable floor in the near future.

As I see it, the value will continue to rise, albeit nowhere near its current rate. Cryptocurrencies and mining don't yield themselves to a low floor as the rate of resources for which to generate them is not a constant. That is, in a traditional market with a job, you can't linearly or exponentially increase the rate at which you earn money without significant overhead input, and even that is discretized into steps. With cryptos and the notion of mining, one can easily take his earnings and use it for more processing power to increase the rate and return at which he makes income. Plot it on a graph; it's an exponential relationship.

With a whole miniature "gold rush" mentality built around that, it means there will be no point in the forseeable future where prices are again going to be reasonable, short of everyone jumping ship to some other medium. They tried to curtail this concept with LTC and currencies built on highly memory-intensive algs (for which designing FPGA fabrics is difficult and cost-effective ASICs even more so), but should they catch on (which I stand to think will, when every person with dollar signs in their eyes realizes BTC as a millionaire tactic is beating a dead horse), workarounds and systems to defeat those measures will be created.

One has to remember there was a time when FPGA use in BTC was probably comparatively unheard of, but as people started to look for quicker routes, resourceful people sprung up to exploit that. Where there is a will there is a way, but uncontrolled currencies combined with intrinsic human nature don't yield long-term profitable results. It is quite possible the price will eventually stabilize at a more reasonable value, but don't ever expect LTC-esque prices in the BTC markets.

[The Avenger]

Entirely possible it will go to zero. Everybody talks about the big threats to bitcoin are the 51% attack etc. They assume it will be some technological attack.

The greatest threat is financial. Global banks have no trouble inflating bubbles in housing, commodities etc and then making billions when the bubble they manufacture bursts. Banks etc have a vested interested in destroying bitcoin - and no doubt they'd like to make a load of money when they do it.

You can be assured there are 1000's of speculators and financial experts around the world trying to engine a massive bitcoin bubble. They could quite easily explode the bubble and leave bitcoins worthless.

This is their day job. There are not enough financial experts in bitcoin community to see an attack of this nature coming.

Bitcoin people are so techy, they are all prepared to take on a technical attack on the bitcoin network. That's not how it will happen.

It's like a seige, where the villagers are powerfully guarding the gates to the city. Meanwhile, the attackers are stealthily entering the city through the underground tunnels. They surround the villagers on both sides and crush them with ease.

Likewise, the value of bitcoin will be destroyed before the techy people even know what happened.

This is the biggest threat to bitcoin and could lead them to be worth zero. People who say otherwise are probably invested in bitcoin, techy and hate to believe they could lose everything they've invested.

Happens all the time in the stock market, housing bubbles etc.

You can be sure some group somewhere is planning as we speak to do this to bitcoin.

See how much the price spiked during the Cyprus crisis? A massive investment in bitcoin to pump the price really high, then an even bigger dumping of stock would destroy bitcoin and make them worthless. As no one know who owns bitcoins, they could be passing into the hands of financiers in massive numbers as we speak. Even if the banks lost a few million (which they probably wouldn't), it would be money well spent for them to blow bitcoin out of the water.

cave canem

[monbux]

Only if bitcoin is dying.

[btcton]

Not in the next few years, no.

[krishatnet]

No it is impossible

[XXthetimeisnowXX]

yes probably in the next couple of hours, day max. hold tight buddy you will get your cheep coins by this time tomorrow. and if it doesnt then just keep waiting till it does. of corse ill be all in and watching it go to 480 but thats just me and im dumb. you are smart for waiting for it to go to 5. 

[sbct4141]

I think as long as there is people who accept BTC as payment, the value of BTC will not fall below the cost of mining it (similar to gold).

[pacojones]

New here.  Do you think the price of Bitcoins will go back down to $5.00?

I learned a little while back how relevent this is to BTC: 

never say never and always avoid always

[bitcoinspigot]

I hope so, i can't afford the investment right now