will it ever go back up to $1200?

[matt4054]

My best guess is that it will be back to $1200+ within 3 months.

Obviously, China triggered a selloff that chilled off some investors (i.e. big whales in China)

This is just temporary, it will pass...

[niran]

The biggest factor in Bitcoin's future price increases will be merchant adoption. There are millions of venture capital dollars chasing the market opportunity of replacing Visa and MasterCard. Coinbase in particular is offering 0-1% transaction fees compared to the 2%+ merchants are used to paying. The cost of accepting Bitcoin with guaranteed USD payouts is just having an Android device around. That is a deal few merchants will pass up.

[myflavor]

The biggest factor in Bitcoin's future price increases will be merchant adoption. There are millions of venture capital dollars chasing the market opportunity of replacing Visa and MasterCard. Coinbase in particular is offering 0-1% transaction fees compared to the 2%+ merchants are used to paying. The cost of accepting Bitcoin with guaranteed USD payouts is just having an Android device around. That is a deal few merchants will pass up.

You are right on point. Although coinbase sucks at serving retail clients (based on the stories on this forum), they are very efficient on delivering services to merchants. Goldman alumni definitely knows where to get the most bucks and boost company valuation.

[andycee]

But whereever it goes - don't bet all your savings on one horse so to speak and be mentally prepared for swings into the less desirable direction.

IMHO take profits at some realistic point so you're in the green regardless of what happens in the future. Once in the green with your investment, use your remaining BTC to see how far it can take you.
In short, don't hope for the moon; rather try to build a staircase up there (take profits once a while) as to make sure you don't get crushed should those stairs (or a part of them) come crashing down.

+1....sound advice

[koldtoft]

It will reach one hundred (pinky to edge of mouth) BILLION dollars. No kidding, I am 100% sure it will. Maybe not in 2014, but soon...

Unfortunately you will need millions of dollars to buy a pack of gum at that point, so once we get there, we won't compare BTC to USD but to gold or something else that is a little bit more tangible, than paper money.

In fact the only reason that it makes any sense to compare real money to paper money, is that everyone still user paper money. But USD and other fiat currency have no real value. And I doubt that all the guns and police in the world, and keep it from hyper inflating.

Edit: Ps. I don't recomend putting all your money in BTC or Crypto currency in general, just as I would not recommend putting all your money in USD (or other paper fiat currencies). Put some in BTC, some in precious metals, some in stocks and so on.

[koldtoft]

Sorry for double posting.

I wanted to say, that I don't think the biggest factor will be merchant adoption, unless some huge merchants announce bitcoin plans. Like Amazon or Wallmart or something like that. And I don't see that happening in 2014. (I would love to but I am not that optimistic)

What will increase the value in the short run is when places like Spain and Italy's economy comes closer to collapsing (and they are pretty close now). Before they allow an economy to collapse, they will put restrictions on bank whidrawls and money transfers, in order to plunder the population of any excess wealth, which will make bitcoins rise in value. Since it's a good alternative to paper money and a good way to to keep your money hidden from the government.

[Fireminer]

I would consider BTC as a (rsiky) investment. But if we assume global CAPitalization is to reach sat N billion, one coin is to be = N/22 million. So quite high. Problem is that it seems starting mining now is almost too late... Professionals built mining centers killing individual efforts. This could be a largest problem for the community of enthusiasts reading/posting on this forum.

[bryant.coleman]

I'd say that there is a net positive gain from China. Before the China spike, BTC was at $300-400 levels. After the China spike, it is now stabilizing at $800-850 levels. So we gained a lot from the Chinese spike.

[bitconnect]

It will be a big year for bitcoin because lots of people are pushing this idea and when more people start using it the price will increase 

[coinerbit]

Well, there's already some uptrend visible; now $770 on BTC-e.com, coming from $740 just 24 hours earlier. In my opinion we'll see a steady climb in the coming weeks.

[xephireusMMX]

One time definitively the Bitcoin price goes back up to $1200.
Nice the price seems relatively stable even after the China thing.

[TonesNotes]

The day will come when 1 satoshi is worth more than 1 penny.
Some of that will be btc appreciation and some will be depreciation of the dollar.

Yes it will see $1200 again. Q1 2014.

[hilariousandco]

Why are people so hung up about it getting back to $1200? It's just a number and guessing when it will be back there is unknowable. I'm sure it will far surpass that figure at some point this year any way.

[Enhanced Elephant]

I invested in Bitcoin when it was 400$, but I'm not ready to sell yet. I believe its value will be much greater till the end of 2014. I also like other coins like PPCoin or Primecoin from Sunny King.

ee

[r4d15h]

it wil be 2-3k in 2014!

Let's hope so I only got involved recently so I missed investing in the single best investment of 2013 (bitcoin). I won't feel too bad if it takes that title in 2014 too

[guybrushthreepwood]

Why are people so hung up about it getting back to $1200? It's just a number and guessing when it will be back there is unknowable. I'm sure it will far surpass that figure at some point this year any way.

Well, I'd be pretty hung up on the price if I paid $1200 a piece lol

[afr0m3n]

i'm in the $10,000+ group...

[hilariousandco]

Why are people so hung up about it getting back to $1200? It's just a number and guessing when it will be back there is unknowable. I'm sure it will far surpass that figure at some point this year any way.

Well, I'd be pretty hung up on the price if I paid $1200 a piece lol

Haha, you're right, didn't think of that. Derp.

[Kenshin]

whats going on right now? why did it go up to $1200 but now back down to $700. just curious!

It will going back over $1200 next week. 

[hakanf]

Everyday i read at least 2 good news about Bitcoin; a new store accepting Bitcoin, new Bitcoin ATMs installed, a new altcoin having media attention etc. Also China is buying again, so if something extraordinary doesn't happen, like Federal Reserve launches it's own cryptocurrency, banning Bitcoin, it will go back up to $1200 probably.