Do you think BTC will hit $300?

[bumpk1nK]

Should hit it in march would be my best guess. 

It might be March, but what year ? 

I think 300 is no big problem to happen, given the BTC volatility. 1000 is another story

[1714708872]

1714708872

[1714708872]

1714708872

[RichardForsyth]

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

[brian890]

Yes I actually think it may reach $300 but I don't see how it would without getting a lot of people intentions,then I think it would dwindle down back again hopefully stay in the $200 range.

[hennessyhemp]

I have a feeling we'll see some impressive figures well before March, and some impressive crashing as well...it's not the sky falling though, it's the market flooding with newcomers...like this thread...if Bitcoin hits 500+, you can bet your ass the whole world will start waking up to Bitcoin, and we'll see some interesting progression right after a dip back down to the 150 range from some whales becoming millionaires.

So sayeth the hemp.

[ANiceJewishBoy]

What's with the rush of new members to this thread? 

Probably has to do with the Canada and China news.

All at once, it makes it seem like Bitcoin could hit $300 sooner than could have been predicted. I thought $300 was a while off, at least a year, before I heard these two things.

And this isn't "the good news", this is "the beginning of much good news to come"

[hennessyhemp]

Also...if my estimates are correct, we could see a sharp "correction" in the stock market here soon...which will possibly be great for bitcoin, but bad for worldwide economy...we're talking record breaking drops.  Gold, Silver, and Bitcoin stand to gain where fiat may flounder.

As my source for this...I went to Investopedia and looked up Triple Top...

Then I went to Google and pulled the timeline out on the S&P 500 back through 1995 (Standard and Poors top 500 stocks...which most people feel is the pulse of the market).

Although we are past the tops of the previous two peaks...I feel there is little but hot air keeping us there, and a likelihood of running out of hot air balloon fuel.

[ANiceJewishBoy]

Not all fiat is going down.

There is something in the Forex world that is being talked about called an "R/V" and "Re-Evaluation". Apparently the Dinar and Dong are about to become more valuable than American dollars, and if you pay attention to what is happening, it almost seems like the American government is doing a 51% takeover of the Iraqi economy.

Everyone says that the American economy has billions invested already, and when you read about the "R/V" it basically sounds like a stimulus plan from America to other countries.

I think what is going to happen is the American government has been pumping Dinar so that American's would preform the 51% take over from home. Then the government will raise the value of Iraqi Dinar and buy it all from American's as they rush to sell.


But, yes, as the dollar falls (if it does indeed fall, instead of the Iraqi Dinar making a great rise. And it could really go either way) Bitcoin will probably see a rise as people look for something to store their money in while the American economy collapses.

[btway]

#

[ANiceJewishBoy]

With so many new businesses and articles being created recently, I can easily see Bitcoin reaching and exceeding $300 in the next 6 months. We'll see how it goes for the rest of this year though. I don't see any reason why Bitcoins might explode during the holiday season.

Um... How bout, the Silk Road is closed, so now Bitcoins are viable presents. People buy gift cards all the time, and Bitcoin is now basically a giftcard that can be spent anywhere online, but not to buy crack.

And it's the gift card where "If you by it now, it will probably be worth more by Christmas" how many other giftcards can say that?

[truongdhnh]

I think it will not reach to that level in this year.

[beegatewood]

Ganna take another 3 years until it hit $300 when the mining halve take into effects.

[endoc]

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   

[jawnzer]

I hope so, but not before I can jump in and buy some!

[bitthedust]

I hope so, but not before I can jump in and buy some!

At what price are you considering jumping in?

[cointraffic]

I want to buy more coins, but I think it's too risky atm. Still have a feeling the price will drop in the next few weeks, don't know why though.

I have this feeling too but am pretty sure we will see 1k/BTC in 2014 (or so I hope ) so worrying about the current ups and downs might be the wrong way to go about it.

[joeventura]

Well if the price go to $100 you will see everyone panic and sell again...

BTC was at $103 just 28 days ago, I remember because I bought a bunch!!

Bwhahahahhahaha

[painmaker]

i'm pretty confident BTC value will hit $300 as well as i'm confident that there is a lot of hot air in it that is waiting to be let out.
the big question is which is going to happen first 

[zeeshsnrehman]

I'm pretty confident that btc will hit $300 before January 1, 2014. I'm willing to bet 3 btc for this.

[WishIStartedSooner]

I think that btc will reach 300$ within 2014 (I hope)

[uk1]

yes end off this year