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Author Topic: Do you think BTC will hit $300?  (Read 8039 times)
nviere
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October 30, 2013, 02:30:35 PM
 #101

Yes it probably will!
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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SquallLeonhart
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October 30, 2013, 02:39:40 PM
 #102

I think BTC will easily hit $300 this year.  It might even stabilize above $300. 

Here's some evidence:
1. The Chinese are starting to buy a bunch of it and the government practically endorses it.
2. The closure of silk road only temporarily depressed the price (although if/when the fbi sells the seized coins the price will certainly drop for a while, but it will be good to get bitcoin into the hands of honest people)
3. The first bitcoin atm's are opening up (in Canada) and it is becoming easier for businesses to accept the coin.

Plus, I think if bitcoin becomes large enough most stores will want to follow the rules and tax bit coin transactions.  This would slow any negative potential government intervention. Once you can buy all of your groceries at Walmart with bitcoin I can see the market cap approaching $1 trillion (in several years).

 If the current trend of bitcoin price continues (~1000% year) it could easily hit $1,000 next year, at which point it will be hard for me not to sell some   Grin



$10,000 if the chinese buy em up.
utarinues
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October 30, 2013, 02:42:11 PM
 #103

Chinese dont have enought money  Smiley

But now Im confident $300 will hit next year
rampalija
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October 30, 2013, 02:46:16 PM
 #104

Definitely will hit $300.  But the chicken haters are going to be eating crow.

1/4 next year deffinetly hits 300$

rampalija
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October 30, 2013, 02:54:19 PM
 #105

I think BTC will easily hit $300 this year.  It might even stabilize above $300. 

Here's some evidence:
1. The Chinese are starting to buy a bunch of it and the government practically endorses it.
2. The closure of silk road only temporarily depressed the price (although if/when the fbi sells the seized coins the price will certainly drop for a while, but it will be good to get bitcoin into the hands of honest people)
3. The first bitcoin atm's are opening up (in Canada) and it is becoming easier for businesses to accept the coin.

Plus, I think if bitcoin becomes large enough most stores will want to follow the rules and tax bit coin transactions.  This would slow any negative potential government intervention. Once you can buy all of your groceries at Walmart with bitcoin I can see the market cap approaching $1 trillion (in several years).

 If the current trend of bitcoin price continues (~1000% year) it could easily hit $1,000 next year, at which point it will be hard for me not to sell some   Grin


Sell? Then wait another year for 10 000$ by your logic.. *sigh*

Why whould u sell if u can buy food and go to cafge with BTC ?!

Groos.TV
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October 30, 2013, 05:38:13 PM
 #106

It might due to the new Chinese and mainstream news interest.
I think another 50% increase in a few months would be indicative of a new bubble.
I personally expect it to be around $250 per coin at the end of year.
Really regretting that I just started getting into Bitcoins lately.
The days of 10,000% ROI are over.
tescomatty
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October 30, 2013, 05:43:26 PM
 #107

The days of 10,000% ROI are over.


Thats true, but it is less risky as bitcoin is used by more merchants now

fractal02
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October 30, 2013, 07:53:11 PM
 #108

And some big players come to bitcoin...

http://techcrunch.com/2013/10/29/chamath-palihapitiya-owns-5-million-in-bitcoins-wants-to-own-10-15-million/

$300 very soon...
endoc
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October 30, 2013, 10:01:08 PM
 #109

I think BTC will easily hit $300 this year.  It might even stabilize above $300. 

Here's some evidence:
1. The Chinese are starting to buy a bunch of it and the government practically endorses it.
2. The closure of silk road only temporarily depressed the price (although if/when the fbi sells the seized coins the price will certainly drop for a while, but it will be good to get bitcoin into the hands of honest people)
3. The first bitcoin atm's are opening up (in Canada) and it is becoming easier for businesses to accept the coin.

Plus, I think if bitcoin becomes large enough most stores will want to follow the rules and tax bit coin transactions.  This would slow any negative potential government intervention. Once you can buy all of your groceries at Walmart with bitcoin I can see the market cap approaching $1 trillion (in several years).

 If the current trend of bitcoin price continues (~1000% year) it could easily hit $1,000 next year, at which point it will be hard for me not to sell some   Grin


Sell? Then wait another year for 10 000$ by your logic.. *sigh*

I never said I would sell my bitcoins at $1,000, just that I'd be tempted to.  Also, the market will probably remain volatile at that point... I could sell at $1,000 and buy at $500 for example.
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October 30, 2013, 10:08:04 PM
 #110

Why whould u sell if u can buy food and go to cafge with BTC ?!

Unfortunately where I live I can't just go to the grocery store and buy stuff with bitcoin.  Also, there is no bitcoin ATM close to me!
rampalija
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October 30, 2013, 11:36:41 PM
 #111

Why whould u sell if u can buy food and go to cafge with BTC ?!

Unfortunately where I live I can't just go to the grocery store and buy stuff with bitcoin.  Also, there is no bitcoin ATM close to me!


not yet, but wait Cheesy

Ledeci
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October 31, 2013, 01:27:22 AM
 #112

I hope it does! I will be to excited.
fernand0x
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October 31, 2013, 01:36:10 AM
 #113

Christmas is coming, and new year too, time for expenses and new investments, I think Bitcoin will get $300 in December or January easily, caused by new investors in new year
clairemillar23
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October 31, 2013, 03:18:16 AM
 #114

NO
firstlast
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October 31, 2013, 07:27:40 AM
 #115

I think the price will exceed $1000 by December 25th, this year. Up until the end of the holiday season, bitcoin buying will be rampant. Little children the world over won't want the latest iPad. They'll be screaming at their parents to buy them bitcoins! And parents will placate their children by stuffing their stockings with 1-2 bitcoins. Bitcoins will be found wrapped in presents and hung on trees as ornaments.
RompfGlompf
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October 31, 2013, 07:43:43 AM
 #116

I think, if you compare bitcoins to gold, because both are limited goods, it will exceed $10K. Apart from this, 21M BTC is more than will be available because of losses.
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October 31, 2013, 08:32:06 AM
 #117

based on how the price has been increasing this year, i definitely think this is possible
KamiN
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October 31, 2013, 10:07:59 AM
 #118

It definitely will, but hopefully it'll be a slow but steady increase. If we get something insanely fast like in April it'll only burst and crash again.
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October 31, 2013, 02:18:57 PM
 #119

i hope it will  Grin Grin Grin Grin i lot will be making some big money if it will.
junsha
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October 31, 2013, 02:58:01 PM
 #120

I think it will hit $300 in Nov.
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