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Author Topic: Do you think BTC will hit $200?  (Read 22077 times)
smoothie
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August 01, 2013, 04:39:47 AM
 #61

Before the end of the year is my call.

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August 01, 2013, 05:41:39 AM
 #62

I think it will stay where it is more or less up and down (because of day trading and bots) from 80-120 back and forth till the big ASIC farms and individuals who ordered them go online. Then the price will go down for a while as the new mining power is dumping coins out.. When the network stabilizes(2-4 months after the first farms go online imo) the price will start to climb again. In the long term I would agree with the folks that say 200 by 8-14 months.. We may even see another panic spike to 400 or 600 after folks realize they are not mining them fast enough to pay their equipment off as soon as they had hoped.

Who really knows though. there are many new alt-coins up and coming that will also play a role in the price of bitcoin, and we don't know what governments are going to pass or not pass what laws that may also effect price..

I would am holding on for at least 9 months though.
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August 01, 2013, 10:25:28 PM
 #63

It was $260 on March. I think it will hit again
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August 01, 2013, 10:50:22 PM
 #64

Maybe, I would say at least 365 days.
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August 02, 2013, 10:51:33 AM
 #65

Yes, within 3 months it will hit $200 again
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August 02, 2013, 11:07:10 AM
 #66

Yes, I think november or december...
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August 02, 2013, 11:22:23 AM
 #67

yes, but before it hits 200 it hit 50 - fingers crossed  Cheesy
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August 02, 2013, 12:22:54 PM
 #68

1st week of October $200.

Next January, $350.

I know for sure. I am expert.
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August 02, 2013, 01:30:51 PM
 #69

I dont know but i have feeling bitcoin will hit 10 USD next year
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August 02, 2013, 01:47:14 PM
 #70

If we compare the period of time that BTC hit 200 USD, I'd expect it to happen correspondingly during the next financial turmoil in fiat-land.

The drivers behind BTC appreciation are naturally:
1. trust in alternatives
2. usefulness of the currency (what you can buy with it)
3. public awareness of the currency

Number 1 seems to be the bubble driver.
Number 2 seems to be what changes the fundamentals.
Number 3 does not seem to be the bubble driver yet, but might evolve into becoming more critical than 1 in this respect. As BTC becomes more mainstream, the trust dynamics will reinforce the effect of 3.

Hope that gives a relatively simple 'strategic level' overview of this market.
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August 02, 2013, 02:01:52 PM
 #71

I don't think it will hit within short time.
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August 02, 2013, 04:34:36 PM
 #72

It depends on how much faith people have in fiat currency.  When faith in fiat currency decreases, BTC along with all alt currencies will go up?  Hint:  It's gonna get crazy!  Grin
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August 02, 2013, 07:44:21 PM
 #73

1What about with all the FPGA rigs hitting the market soon? Wont that drive the price in a sharp direction either way?
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August 02, 2013, 08:45:11 PM
 #74

I love the optimism.  I'm that way in the long term.  But when the US fed govt declares bitcoin illegal (via another executive order) and starts to seize citizens' bank accounts, the price will fall 90% within a week and stay that way for months until congress makes Obama take it back.  Also, if Mt.Gox shuts down, the price will take another 30% drop for a week.  Going against that risk, is the positive pressures of more companies accepting bitcoin.  When Amazon.com joins in, the price will go up 100% and snowball upward from there.   So here is my WAG:  in 4Q13 feds seize bitcoin accounts, price falls to $10, then Gox fails so price falls to $7, but then in 1Q14 Congress makes bitcoin legal again - sending price back to $200, and then 2Q14 Amazon accepts bitcoin and price jumps to $1000...pops 3 times over the next 8 years but on average goes to $10,000 by 2022.  So the sooner that exec order comes, the sooner congress will declare finally and clearly that it IS legal....the sooner Amazon will take the critical step marking bitcoin's mainstream debut.
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August 02, 2013, 08:58:46 PM
 #75

What do you think BTC will hit $200 again?

If yes, how many days we have to wait?


It will either surpass $200 greatly -- or go to zero.
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August 02, 2013, 09:45:53 PM
 #76

I think yes but not too many will have chance to sell at 200+ because we will see next drop

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August 02, 2013, 09:51:30 PM
 #77

Maybe till end this year, price will be 200 usd per btc
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August 02, 2013, 11:55:36 PM
 #78

Yes, by January 2014.
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August 03, 2013, 12:27:28 AM
 #79

200 days
365 days
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August 03, 2013, 01:10:58 AM
 #80

It obviously will hit $200, probably when a major website starts to except them or something else newsworthy happens.
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