$1200 Bitcoin by the 2nd week of January 2014

[tk808]

insider


*Update
The reason for the estimate:

1) Everyone is cheeky and cheery at the moment because of the holidays, putting all economic problems aside. The same problems exist within the US and worldwide. Bitcoin will be actively sought out and talked about This will play into the key rise of bitcoin.

2) Bitcoin is rising in popularity through media coverage, which will only gain momentum

3) Several introductions of trading sites, and the widespread acceptance through merchants



Now, there are a few downsides to bitcoin:

1) Alt-coins, may confuse and hinder the market all together causing a meltdown (Highly unlikely in my opinion).

2) Security. The question that is on the back of everyone's mind. If i put my $2000 usd check and convert to bitcoin, will it stay secure. (Not necessarily volatility, but genuine security of the bitcoin encryption system)

- If bitcoin is conveyed as secure and stable, you will see huge huge increase in acceptance. I'd think by now, that is well-known within these forums.

[giantdragon]

$40K. Winklevoss.

[BitChick]

Cool!  We have bills to pay and hubby bought too many coins.    Hopefully we can just wait until then to sell a couple.

[stink]

50k me someone just snagged 1100 btc @ ask...

[LiteCoinGuy]

or 100 $

[_wayfarer_]

Makes a lot more sense than the $10 coin by mid 2014 prediction...

[takagari]

Some one seriously need's to generate a bitcoin bidding site.

Go in, pick a date, say 15th of each month. and people submit a payment to claim a bTC price. End day you take average overall for that day and closer person win's the pot


would be fun


Idea taken, no stealsies people!

[Bobsurplus]

My insider tells me its going to be 2k by Jan 15th.

[jcoin200]

Do you know someone within the Chinese gvmt who said they are going to now allow BTC transactions with financial institutions??

[Dafar]

insider

Wanna bet? If you are right I will tip you, if you are wrong you can tip me. Jan 2014 is too early... $1200 was inflated due to a lot of false hype.. it will slowly get there again but I doubt there will be any incredible event in the next 2 weeks that will kick the price back up that high.



Edit-- I take that back, I didn't expect the year to start out so well lol

[LiteCoinGuy]

Some one seriously need's to generate a bitcoin bidding site.

Go in, pick a date, say 15th of each month. and people submit a payment to claim a bTC price. End day you take average overall for that day and closer person win's the pot


would be fun


Idea taken, no stealsies people!

i heard that there is such a service but cant remember the name 

[Kaligulax]

maybe , maybe not... but i dont think so

[nodroids]

I think Christmas holiday bills and Chinese New Year in early Feb. have a good shot at keeping it below $1200. I also think that mining isn't profitable until $1350 for small to medium miners. Also, the technicals suggest a solid 4 month trough.

Bitcoin always surprises to the upside, so all things balanced out, mid-late March sees $1350.

Dark horse, imo, is if India starts with relatively mass arrests of anyone who ever traded bitcoin.

[tk808]

relevant, i knew this was going to happen

[black_swan]

It was about time, people don't invest in Christmas/New Year, generally volume is lower and everybody s busy enjoy the holidays
We should wait the end of January to see how this turns, Chinese Gov could restrict access to bitcoin even more

[RenegadeMind]

$40K. Winklevoss.

They're such pessimists!

[iglasses]

-20% dump in the last hour...lol

[Dafar]

Looks like you are wrong OP.... 1 more week to get past this mini-crash AND break the 1000 barrier again AND break the ATH of 1200.... It's not looking very likely all thanks to China

But good guess

[tk808]

Looks like you are wrong OP.... 1 more week to get past this mini-crash AND break the 1000 barrier again AND break the ATH of 1200.... It's not looking very likely all thanks to China

But good guess

you'll see, 1000usd by friday

[carajillu]

Spikes usually behave in the same manner, here is my prediction.



As with April spike, price will correct, this time I think at around 500$ (being 450$ the target) and stabilize for few months before next jump. Of course, I could be wrong but I suspect good buying opportunities