nviere
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October 30, 2013, 02:30:35 PM |
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Yes it probably will!
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SquallLeonhart
Legendary
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Activity: 2464
Merit: 1102
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October 30, 2013, 02:39:40 PM |
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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 $10,000 if the chinese buy em up.
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utarinues
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Activity: 114
Merit: 10
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October 30, 2013, 02:42:11 PM |
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Chinese dont have enought money But now Im confident $300 will hit next year
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rampalija
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October 30, 2013, 02:46:16 PM |
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Definitely will hit $300. But the chicken haters are going to be eating crow.
1/4 next year deffinetly hits 300$
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rampalija
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October 30, 2013, 02:54:19 PM |
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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 $1,000 next year, at which point it will be hard for me not to sell some Sell? Then wait another year for 10 000$ by your logic.. *sigh* Why whould u sell if u can buy food and go to cafge with BTC ?!
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Groos.TV
Newbie
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October 30, 2013, 05:38:13 PM |
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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.
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tescomatty
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October 30, 2013, 05:43:26 PM |
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The days of 10,000% ROI are over.
Thats true, but it is less risky as bitcoin is used by more merchants now
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endoc
Newbie
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Activity: 11
Merit: 0
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October 30, 2013, 10:01:08 PM |
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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 $1,000 next year, at which point it will be hard for me not to sell some Sell? Then wait another year for 10 000$ 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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endoc
Newbie
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October 30, 2013, 10:08:04 PM |
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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!
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rampalija
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October 30, 2013, 11:36:41 PM |
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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
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Ledeci
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October 31, 2013, 01:27:22 AM |
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I hope it does! I will be to excited.
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fernand0x
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October 31, 2013, 01:36:10 AM |
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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
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clairemillar23
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October 31, 2013, 03:18:16 AM |
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NO
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firstlast
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October 31, 2013, 07:27:40 AM |
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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.
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RompfGlompf
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October 31, 2013, 07:43:43 AM |
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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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KamaHomeless
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October 31, 2013, 08:32:06 AM |
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based on how the price has been increasing this year, i definitely think this is possible
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KamiN
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October 31, 2013, 10:07:59 AM |
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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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qtronix
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October 31, 2013, 02:18:57 PM |
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junsha
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October 31, 2013, 02:58:01 PM |
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I think it will hit $300 in Nov.
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