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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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BitchicksHusband
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October 31, 2013, 11:16:25 AM |
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This sounds about right. You have to expect people to take some out for Christmas, so expect the price to hover closer to $200 for a while. (This should probably be moved to Speculation.)
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1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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Jabbatheslutt
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November 02, 2013, 05:29:29 AM |
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I reckon it will fall lower than that.
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BitchicksHusband
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November 05, 2013, 08:48:50 AM |
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Well, since we're already at $240, we're probably wrong about 1/1/14 unless we have a crash and recovery.
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1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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safeminer
Member
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Activity: 110
Merit: 10
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November 05, 2013, 11:47:17 AM |
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I think the last growth bitcoin has seen has come primarily from China. This is very different growth than the previous speculation bubbles we've seen. This is much more solid so to be honest I don't see BTC coming down to 195 or below anymore. But I can always be wrong hehe  |
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gaston909
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November 05, 2013, 01:05:20 PM |
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I think the last growth bitcoin has seen has come primarily from China. This is very different growth than the previous speculation bubbles we've seen. This is much more solid so to be honest I don't see BTC coming down to 195 or below anymore. But I can always be wrong hehe Inclined to agree. I think any crash we see will be minor in comparison to the last one. Unless it rockets up again of course. Probably dont know what im talking about but it sure is fun. |
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biodieselchris
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November 05, 2013, 05:34:45 PM |
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if BTC levels off here for a bit -- barring any catastrophic hack or the like of course -- it'll be over $300 USD on 1/1/14
Chinese buying is the driver, but there is demand everywhere right now. I just sold 2 coins for $450 cash-on-the-barrel-head this past weekend. No hesitation (obviously such a small data point is not meant to represent why I think it'll go to 300 - just an anecdotal example of adoption). Things are catching on and getting hot. Just sayin'...
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TheBorg
Newbie
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Activity: 41
Merit: 0
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November 05, 2013, 06:08:00 PM |
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Speculation is like gambling. So considering Christmas is there, New Year and other holidays, I guess ppl will sell their coins and the price might get higher. Also I forgot when new miners are going to be sold or announced and preordered but that might influence the price is some way. Difficulty will be much higher so who knows, but I think 270$<btc<330$
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Paleus
Full Member
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Activity: 284
Merit: 122
www.diginomics.com
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November 06, 2013, 01:48:59 PM |
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Just sold 6 BTC for $280 each. The economy is getting much stronger, mainly from demand in China, but I don't think it is this strong yet.
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jeppe
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November 08, 2013, 10:37:33 PM |
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At the time of this writing BTC is worth 308 $ on BTC-e and i predict that BTC will hit 1000 before 2014 and then fall a bit before going up again because most people have set there goal to hold bitcoin until the 1000$ mark and then i will sell 50 % of my holdings.
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batt01
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November 09, 2013, 12:30:03 AM |
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Price of Bitcoin on 1 Jan 14. I will fall below 275 and go back to.....  |
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altoidmintz (OP)
Full Member
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Activity: 180
Merit: 100
After Economics: Learning is just the first step.
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November 11, 2013, 03:21:44 PM |
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Price of Bitcoin on 1 Jan 14. I will fall below 275 and go back to..... +1 |
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Rival
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November 11, 2013, 03:58:30 PM |
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Bitcoin is international and wrecks the "round number" phenomenon. For a trader in China, $1000 per bitcoin has no more meaning from a psychological aspect than $383. I mean, does an American care that CNY passes 20,000 Yuan? Not really.
The psychological barriers are only local, bitcoin is global.
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infinitybo
Newbie
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Activity: 28
Merit: 0
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December 16, 2013, 06:59:58 PM |
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Bitcoins will fall below 600$ and go back to the moon in the next year or inversely  |
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