I predict BTC/USD will fall to $2 by December 31, 2013

[jamesc760]

BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.

[gmaki]

BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.

That's interesting. I came up with exactly the same value ($2.00) using some admittedly very rough (and relatively uninformed) back of the envelope math. DISCLOSURE: I am a total newb to BC.

However I estimated that as the current true value of BC given the state of ASIC mining, but don't think it will actually get to that level since the same forces that will be driving the value down will also be driving the difficulty up at the same time. Thus, I came up with the two factors converging at $20.00 and I am using that as my floor. Well a little below that because it should overshoot it's bottom just due to momentum.

I think I will start buying some below $20, definitely better than attempting to mine them.

[rayfloyd]

According to your "predictions" backed by "real data", what will the price of litecoin be at the same time?

[Hyena]

Litcoin will also crash down to 2$ per LTC. In fact, all the CCs crash down to 2$

[Fiyasko]

Put a bet up or shutup, if you're correct you have nothing to fear and bitcoins to gain.
If you're wrong then you get to feel the pain of making a stupid guess and wasting our time.

[BurtW]

Thanks!  I will wait until then to buy.  Thanks again for all this valuable information.

Put a bet up or shutup, ...

JackRabiit:  850+ activity.  Wow.

[rayfloyd]

Litcoin will also crash down to 2$ per LTC. In fact, all the CCs crash down to 2$

Irrefutable logic. I bow down to your greatness.

[N12]

Brought to you by 1/reptilia.

[Jaroslaw]

i agreee maybe nut 2$ but 5$ for sure

[Ivanhoe]

BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.

Want to bet?

[bitcoinator]

Why do I see attempts to manipulate the price in many posts... Am I paranoiac, or is it a coordinated action?

Difficulty skyrockets, the only chance to get more bitcoins cheap for those who don't have enough dollars and hashing power is to spread FUD.

[seleme]

Litcoin will also crash down to 2$ per LTC. In fact, all the CCs crash down to 2$

I'll take that 

Any Caribbean island on sale? 

[gmaki]

Litcoin will also crash down to 2$ per LTC. In fact, all the CCs crash down to 2$

If BTC and LTC are both at $2.00 wouldn't that make BTC a screaming buy? I know I'd be buying a lot of BTC and if I had any LTC I'd be selling it (or converting it to BTC) like crazy.

[N12]

Why do I see attempts to manipulate the price in many posts... Am I paranoiac, or is it a coordinated action?

Difficulty skyrockets, the only chance to get more bitcoins cheap for those who don't have enough dollars and hashing power is to spread FUD.

Noone wants cheap Bitcoins, people want cheap dollars.

[Qoheleth]

If you're so sure, go take out a short position and make 30x your investment.

Talk is cheap.

[MXRider]

Houston, we have a problem! Great Master of Bitcoin, Sir Pietila told me that Bitcoin will reach $300 000 so OP is spreading BS:

[HappyBitCoinUser]

BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.

Probably even lower than that.

Its nice to finally see someone that isn't doing drugs, and think that we're going to hit $1k or $1M.

I haven't check in the last 24 hours, so I brought up MtGox expecting to see maybe $95 but it was $82 lol... dropping fast! Heheh.

[Qoheleth]

BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.

Probably even lower than that.

Overall, my outlook is bearish these days. The price will fall for a while - I've accepted it.

But every time I see people talking about the price falling below $2/coin, I wonder what's going on inside their brains.

Compare today's world to the world of late 2011. The USD/BTC rate had only spiked once, followed by a long and depressing bear-market, and there was a good chance that over-$10/coin was a one-time thing, an accident never to come again. Other than Silk Road, there was very little you could do with BTC.

In that world, in a world where a good argument could be made that Bitcoin was on its way out, the exchange rate tested $2/coin in enormous volume, and $2/coin proved itself sound.

If $2/coin was an impenetrable wall of value-confidence back then, what on earth could break that value-confidence today, in a world where high BTC prices have come twice ("and why not again?"), in a world where there are institutional investors dipping their toes into the market, in a world where you can buy food and shelter with your bitcoins?

I'm bearish, sure. It's my guess (granted, one that I refuse to trust, or else I'd be shorting like mad) that the bottom will be somewhere in the $11-30 range, which is way lower than what we have today. But barring something that shatters the Bitcoin network itself, I do not think that we will see $1.95/coin again.

[imbladednow]

Houston, we have a problem! Great Master of Bitcoin, Sir Pietila told me that Bitcoin will reach $300 000 so OP is spreading BS:

So Im going to buy at 2USD this winter because of this reason. Thank you

[dbanga85]

BTC value has been dropping steadily. Bad news for Winklevoss twins. So, I am predicting it will fall all the down to $2 range by the end of this year.

Bro you sound stupid as shit