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

[toy4lov3rs]

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

+1

But realistically I doubt it

[gerXhonza]

I dont think we will see single digit this year

[lucullus]

Not in the near future.

[auweia]

still going up

[gripflierGO]

still going up

what goes up must come down

[Dex^]

Not a chance. If it does crash that much, nobody will be using it anymore, because nobody will be accepting it anymore. IMO the reason it's got so much value right now are the black market sites, but I could be wrong there.

[J603]

IMO the reason it's got so much value right now are the black market sites, but I could be wrong there.

I agree with this. This is also why I don't think it can fail. With legitimate users of bitcoins, if it crashes we can go back to fiat. With SR and similar sites, they can't start accepting credit cards so they need BTC. Even if BTC goes all the way down to $5 it will still be used by these sites. So long as it holds any value (which it will, it's not going anywhere) it will be used.

[saif313]

no I don't think so its happen again in single degit in near future

[bitcoinermax]

No...well maybe in a thousand years...

[J603]

No...well maybe in a thousand years...

I hope not! That would mean that bitcoin failed as a deflationary currency.

[thy]

No BTC price will not go down to $5.00 again.

[Solarsonic]

No, not such a drastic amount.

[MSwiza2]

It could eventually go down to $5 if governments police it more and put limitations on the exchanges, gambling sites, etc. that drive interest. Eventually the novelty would wear off if that happened, and the costs would outweigh the advantages. 

[GhanaGamboy]

Probably not, but never say never

[Joker88]

No way back
BTC will rise to 200USD for thre end of this year

[wiseguy]

The price can easily go down. It can by because of politics and economical issues. Governments can just ban the major currency exchangers and if you add up a huge decline in global markets (which usually means everyone is rushing back to USD) this is very very possible.

And we have seen it before when the price was around $45 and went back to $2.

[majorX]

And we have seen it before when the price was around $45 and went back to $2.

It was bubble, now 100 is stable

[scificoin]

It's pretty much impossible, Even if countries start to ban it,  all that seems to do is get more publicity for BTC and the others.  BTC is woven into the internet now and it's only a matter of time before it takes over from paypal as the chosen method of payment!

It has so many advantages over other forms of payment! It's not perfect but it really does hold it's value well.  The price will level out now and fluctuate on the next round of asics. The 6000GHS cards will hit the streets in Jan  if BFL are on time

This will cause the price to drop but it will soon recover!   but as for $5 ....  it's never going to happen.  Ever !

just my 0.02BTC

[blasthash]

Now that I think about it, it may actually be possible for such a drop to occur. Whether it is on the magnitude of to $5 is impossible to tell.

As I've said before, one of the major things driving bitcoin prices through the roof is the massive amount of flocking to it because of everyone using it as a get-rich-quick sort of method. We're already at the diff where 1TH/s capability has ceased to make you a millionaire in terms of yearly income, and the difficulty itself is increasing astronomically...and quickly at that. Once all those people who have come into the bitcoin world realize it's no longer economical to mine BTC and it won't generate a ROI in a reasonable ( < 1 year ) timeframe, I bet you they'll walk out.

While those people probably do not have network-leading hashrates, there is a staggering amount of them. Once that point occurs, I think we'll see a local floor in terms of bitcoin prices. It may be a $1.00 drop, or it may be a $100 drop. It all depends on how many people leave the network, where the prices were and what the conditions were at the time, and in what proximity everyone was to another.

Is it going to be significant? Yes.
Is it going to be drastic financially? It remains to be seen.
Will it happen? Face it, most likely.

[Marbit]

I think we will see 20-30 before this bubble has bottomed out. Then $2k+ !!!