FORECAST: BTC will drop from $260+ and hover back around $190-$210

[Interized]

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FORECAST 11/05/2013 to ??
BTC will drop from $260+ USD and hover back around >$190-$210 USD.

PUBLIC EVIDENCE
Based on last weeks pattern from 5 high fluctuations.  

PERFORMANCE BTC vs GLOBAL ECONOMY
F+ USABILITY
F+ ADAPTABILITY
C+ GOVERNMENT/BANKING ISSUES
C+ POSITIVE MEDIA ATTENTION
C+ BITCOIN VALUE STABILITY
A+ MINING SYSTEM STABILITY

NOTICE: I AM NOT RESPONSIBLE FOR ANY BAD INVESTMENTS YOU MAKE DUE TO YOU FOLLOWING ADVICE FROM A RANDOM OFF THE INTERNET.
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OTHER THOUGHTS
BTC will never drop below $150 USD

[fallinglantern]

I like the part where you posted this well after bitstamp dropped down to 228.

[chrsjrcj]

BTC will drop from $260 and hover back around $1190-$1210

FIFY

[Interized]

I like the part where you posted this well after bitstamp dropped down to 228.

I don't use bitstamp and checking it says $145.

BTC will drop from $260 and hover back around $1190-$1210

FIFY

I wish. 

[mccorvic]

I wouldn't mind if it consolidated around $200 for a while.

I'm not saying that's what will happen, just that it wouldn't be the worst thing in the world.

[antimattercrusader]

It might for a bit... good thing i just bought by pizza for 0.08BTC. Hopefully in few years I look back at that in the same manner as the 10,000BTC pissa a few years ago.

[BitchicksHusband]

FORECAST 11/05/2013
BTC will drop from $260 USD and hover back around $190-$210 USD.

PUBLIC EVIDENCE
Based on last weeks pattern from 5 high fluctuations.  

Oops.  Only got down to $233.  Going back up now.

[Ivanhoe]

It might for a bit... good thing i just bought by pizza for 0.08BTC.

You must be from the Netherlands

[antimattercrusader]

It might for a bit... good thing i just bought by pizza for 0.08BTC.

You must be from the Netherlands

Nope, Texas

[Interized]

FORECAST 11/05/2013
BTC will drop from $260 USD and hover back around $190-$210 USD.

PUBLIC EVIDENCE
Based on last weeks pattern from 5 high fluctuations.  

Oops.  Only got down to $233.  Going back up now.

Right, it has not reached $190-$210 yet.  

[rampantparanoia]

It might for a bit... good thing i just bought by pizza for 0.08BTC.

You must be from the Netherlands

Nope, Texas

Texas will be a leader for BTC in the USA.

Source: Fellow Texan.

[smoothie]

No. 

[Birdy]

Forecast: local drops and heavy upwinds on a sunny day.

[Zangelbert Bingledack]

"Usability F+" !?!?

Bitcoin is working at A+++ level as a store of value that is hideable and can't be confiscated (and rises in value...rapidly). There is no asset in the world that can even come close. As a currency it might be F+ but who cares? Gold 2.0 now, Currency 2.0 in a few years.

[Interized]

"Usability F+" !?!?

Bitcoin is working at A+++ level as a store of value that is hideable and can't be confiscated (and rises in value...rapidly). There is no asset in the world that can even come close. As a currency it might be F+ but who cares? Gold 2.0 now, Currency 2.0 in a few years.

Until my Grandma can start using and understanding BTC, I grade the usability an F.

You are only thinking about people like yourself and not the masses.

You also take it the wrong way, Bitcoin is still very tiny, and these are the reasons why. I'm sure BTC will hit 100K+ one day.

[Zangelbert Bingledack]

Fair enough, but you should add a "utility" category as well. Right now Bitcoin is only for advanced users (or highly motivated ones...but wealth and security are quite motivating).

And it's not going to fall that far when it corrects. It's vaulting much higher, as expected, and will correct somewhere higher than $200 when it does, probably much higher.

[smoothie]

FORECAST: There will be many bears that get their BTC stash cut by 50% or more in the next 3 months.

[Bitcopia]

"Usability F+" !?!?

Bitcoin is working at A+++ level as a store of value that is hideable and can't be confiscated (and rises in value...rapidly). There is no asset in the world that can even come close. As a currency it might be F+ but who cares? Gold 2.0 now, Currency 2.0 in a few years.

Until my Grandma can start using and understanding BTC, I grade the usability an F.

You are only thinking about people like yourself and not the masses.

You also take it the wrong way, Bitcoin is still very tiny, and these are the reasons why. I'm sure BTC will hit 100K+ one day.

Just like the majority of the population, your grandma probably doesn't understand ACH transfers, or what happens when she uses her debit card, but that doesn't stop her from using it. People don't need to be able to understand bitcoin. They just need to have an incentive to use it, and be able to use it. It's happening. Be patient.

[Interized]

"Usability F+" !?!?

Bitcoin is working at A+++ level as a store of value that is hideable and can't be confiscated (and rises in value...rapidly). There is no asset in the world that can even come close. As a currency it might be F+ but who cares? Gold 2.0 now, Currency 2.0 in a few years.

Until my Grandma can start using and understanding BTC, I grade the usability an F.

You are only thinking about people like yourself and not the masses.

You also take it the wrong way, Bitcoin is still very tiny, and these are the reasons why. I'm sure BTC will hit 100K+ one day.

Just like the majority of the population, your grandma probably doesn't understand ACH transfers, or what happens when she uses her debit card, but that doesn't stop her from using it. People don't need to be able to understand bitcoin. They just need to have an incentive to use it, and be able to use it. It's happening. Be patient.

Exactly.

[wobber]

Myth busted!