[POLL] Guess the Bitcoin rate end of July

[ChronoX5]

200+

Easy poll that presents no challenge.

Ahaha, Jaroslaw's missing cousin 

[Tzupy]

The rather large buys on the 11th and 12th were at prices much lower than 100, lately there has been very little interest to buy above 100.
If no 'whale' absolutely wants to buy BTC above 100, then the current 95-100 may stick for a while.
But there's a large gap with other exchanges, and to me this signals a negative correction on MtGox is to be expected.
So my vote for the end of July goes to 80s, if not lower, in case there's a massive panic sell.

[MargaretsDream]

wish there is 75-125 option 

[cosmicblue]

wish there is 75-125 option 

True! (most likely)

[Tzupy]

The current large gap between MtGox and other exchanges is due to the stalling of $ withdrawals by MtGox.
This has led the people who really need to withdraw $ from MtGox to buy BTC on MtGox and sell them on other exchanges.
Of course, some other people may be buying on other exchages and selling on MtGox, but without withdrawing much $.
It seems MtGox has a liquidity problem due to FinCEN certification costs, so the larger withdrawals are delayed, only smaller ones go through.
So it's still possible to take advantage of the price gap if you only sell small amounts of BTC on MtGox and withdraw small amounts of $.
I wonder what will happen if MtGox resumes full $ withdrawal, the price on other exchanges will go up, or the price on MtGox will go down?
Or what will happen if MtGox completely stops withdrawals again? That could kill their remaining credibility.

PS. Price is slowly moving downwards, but there's no way to tell if it will drop below 96. It will recover from a drop to 97.
If however it drops below 96, then based on movements recorded in the 30 day chart, I'd expect a panic sell and a drop to 85-88.

PS. I was sooo right! Actually, we'll see if this stops at 85-88...

[monkeybars]

Currently $100.00

I predict $103 on 7/31

http://www.youtube.com/watch?v=t7z192I-mQM

[freethebitcoin]

Between 50-99 USD. The long term trend is upward, so buy as much as you can while they're still cheap

I hope the long term trend is stable.
Only ppl who hope to earn easy buck would made such a statement.

Bitcoin should be be used what it was made for not to repeat the mistakes the we making with banks.

Im surprised to see that most ppl around Bitcoin are more focused on pump and dump instead of using it in everyday transactions.

[monkeybars]

Im surprised to see that most ppl around Bitcoin are more focused on pump and dump instead of using it in everyday transactions.

This is the speculation board. http://en.wikipedia.org/wiki/Speculation

[superduh]

Between 50-99 USD. The long term trend is upward, so buy as much as you can while they're still cheap

I hope the long term trend is stable.
Only ppl who hope to earn easy buck would made such a statement.

Bitcoin should be be used what it was made for not to repeat the mistakes the we making with banks.

Im surprised to see that most ppl around Bitcoin are more focused on pump and dump instead of using it in everyday transactions.

nothing in the world is stable. + at these prices one would have to be naive that it can be stable. it should approach "stability" the more amount of people have it. by then market cap would likely be 1 trillion

[freethebitcoin]

Im surprised to see that most ppl around Bitcoin are more focused on pump and dump instead of using it in everyday transactions.

This is the speculation board. http://en.wikipedia.org/wiki/Speculation

I was aiming at the whole community around BTC not only this sub forum.

Excuse me for thinking.  

[freethebitcoin]

Between 50-99 USD. The long term trend is upward, so buy as much as you can while they're still cheap

I hope the long term trend is stable.
Only ppl who hope to earn easy buck would made such a statement.

Bitcoin should be be used what it was made for not to repeat the mistakes the we making with banks.

Im surprised to see that most ppl around Bitcoin are more focused on pump and dump instead of using it in everyday transactions.

nothing in the world is stable. + at these prices one would have to be naive that it can be stable. it should approach "stability" the more amount of people have it. by then market cap would likely be 1 trillion

The USD against HKD has been stable for 10 years, so some things can be stable.
http://www.xe.com/currencycharts/?from=USD&to=HKD&view=10Y

What im trying to say is that this "earn quick cash before it crashes" thinking does not make Bitcoin adoption by "real" humans any easier.

I would like to start a retail business accepting BTC but the unstable rate makes it impossible.
This makes the Bitcoin network useful only to early adopters and geeks who want to earn quick buck.

[freethebitcoin]

You'll see the stability when the chain of support is complete.
When baker can buy flour and yeast with BTC and a farmer can buy seeds with BTC.

For now you can just use a payment processor, that converts BTC to USD if volatility is an issue.

I understand what is needed for Bitcoin to go mainstream but im talking about the greed making the transition more difficult.