August is coming! Vote the price trend of BTC.

[battani]

There will probably be downward pressure on bitcoin in August as the global economy continues to show signs of strength and recovery, fiat currencies stabilize and an influx of miners enter the network. A selloff wouldn't be surprising. Target price point: 70USD.

[1714144797]

1714144797

[RapidCoinz]

We're creeping back!!  Back to at least the 120-130 mark for the timebeing.... 

[Dps23]

We're creeping back!!  Back to at least the 120-130 mark for the timebeing....  

it is the question of supply and demand.
if people stop buying so heavily it could suddenly decline because sellers could be afraid of high price.
high price is good for miners with asics who invested lot of money. but if early adopters who are holding BTC since 2010 deceide that they could sell part of BTC because price is quite high (and that they would buy BTC back for lower price) and it will not be sufficient demand then price could easily fall quickly down to 60 again,

what happened to goods and services which you could buy for BTC? do we have 10x more exchanges than in January where you can buy BTC for USD?
why the price should be 10x higher than in January?
did unemployment decline significantly or do people get 10x bigger salaries or did USD dropped 10x lower so that in order to get balance it is a no brainer to buy BTC heavily for $120?
how many times price of stock/commodity return (even lower) to the state where it was before significant uptrend? how many times does the price stay relatively high without significant and obvious reason which could be seen easily by anybody?

[Dps23]

There will probably be downward pressure on bitcoin in August as the global economy continues to show signs of strength and recovery, fiat currencies stabilize and an influx of miners enter the network. A selloff wouldn't be surprising. Target price point: 70USD.

I agree.
if anything, price fluctuate up and down it is the only scientifically proved thing.
Nothing goes only up without obvious and significant reason (like sudden hyperinflation of USD etc)

in pool it should be at first place and not "I am afraid of...." but maybe I expect downtrend or similar possibility
I guess if price fall the only outcome of it would be bigger demand which will lead to high price
it would be more "normal" if price would decline to $50 or lower and then it could bounce from that level to $1000. but when it is like this and volume is not very high then I dont put my hard earned money in it.

[Dps23]

Nearly 5 days now.

The top two choices are:
Rise up to 125 USD in a short time.-------------------24 vote
BTC will stays around 100 USD for weeks.------------20 vote

and how many people who voted are planning to buy at least 1 BTC for 120 because they want to sell it later for 150?
maybe none?

there should be maybe opinion poll where questions are like:
how many BTC and for what price are you going to buy this week/in next feww weeks

if there is demand weaker than supply it will fall.

or another question
when are you shopping, how many of you will choose to buy for double price something that you (almost ) dont need? e
g. would you buy some winterjacket (which you will maybe need in 3 years from now) by the end of winter when shops are offering winter sale and price will fall probably?
 I agree that someone who bought Asics need to pay back the investment but these people dont buy any BTC, they are sellers....

just because people hate these high summer temperatures it will not start raining

[lok1]

this is my forecast : $157 for each coin
hopefully will reach $200 soon

[Keldel]

Assuming no dollar and euro problems, bitcoin should be getting quite boring. There are also some serious supply pressure, which should all drive the price down a bit.

[Dps23]

this is my forecast : $157 for each coin
hopefully will reach $200 soon

OK, and how many BTC are you going to buy today or this/next week (exactly you personally) or some friends of you or someone who you know?
Because my friends nor I are not gonna buy any BTC for $100 and above.
And in order the price to go up it must be more buyers than sellers. I would say significantly more buyers with enough money to push the price above $100, above $120 etc

Thus I assume that expected $120 level cannot stay forever.

[coinprize]

what is"hoik"?

Go to see the bitcoin prize during the first week of April.
Imaging that you were holding lots of BTC.

Then you can understand the meaning of hoik. 

[Dps23]

what is"hoik"?

 Definition of hoik       
noun- yank, strong sudden pull; sudden sharp lift; shout used in hunting to encourage hound dogs to move faster
verb- pull or move with a sudden jerking motion; lift up suddenly; yank

v. To lift something up wildly

[coinprize]

Oh.

Didn't we guess the right price trend

106 USD.

BTC stayed around 106 for a whole week since August.

It actually couldn't stay above 110 USD.

It seems that it's going to fall now.

Since it rose a bit and didn't reach a higher price,
it's not a good situation for it to rise in a short time.

If you are bullish about the trend days ago,
then I suggest you to watch out.   

[EndTheFed321]

BTC need to go back to .01 usd That is my vote.

[coinprize]

If you are bullish about the trend days ago,
then I suggest you to watch out.   

As I said yesterday,
BTC comes back to 100 USD now.

Did you sell or hold bitcoins by the vote?

Then it's not easy to forecast now.   

[Twilight_Sparkle]

100$ for weeks, cause without some big media story or some big player accepting bitcoins, there is not much going on¹, so the price will probibly be stable for some time.

¹ other than the difficulty spike, but I don't see how that would affect the price.

[Billyoung]

I think it will rise up to 125.

[jungle_dave]

No big reason for a huge increase in August but I would hold on to my coins as the end of Sept. - Oct will see a huge increase in difficulty. This might not lead to an immediate price increase but over the long term it is inevitable. 100 - 110 in Aug. maybe up to 200 by 2014?

 

[Hfleer]

Now it's dipping a little.  What price do you think September will see?

[Wagner2014]

^ $50 by October unless some substantial "news" is my guess...

[heiska]

Now it's dipping a little.  What price do you think September will see?

It will be ~$80. I believe the price will drop to around $50 by Q1 2014, until it will again skyrocket to >$100 just like earlier this year. Everything new is old again.

[zocipro]

August is my birth month soooooo "Rise up to 125 USD in a short time" 

Happy birthday and wish your wish become a true