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Poll
Question: When the coins bottom out, how fast will it rise?  (Voting closed: September 11, 2011, 08:02:17 PM)
It will bottom then rise quickly. - 17 (19.8%)
It will bottom and then rise slowly - 35 (40.7%)
It will bottom and just stagnate - 9 (10.5%)
It will bottom and very slowly dwindle away - 7 (8.1%)
It will bottom, stabilize for a week, not rise, and then crash further. - 18 (20.9%)
Total Voters: 86

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Author Topic: POLL: When the coin price bottoms out, how fast will it rise?  (Read 1757 times)
Minsc
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September 06, 2011, 08:02:17 PM
 #1

Help me decide on how to bid.

I think it will hit bottom and then not rise back up because this time so many people have lost confidence.

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September 06, 2011, 10:24:26 PM
 #2

The "decline to zero" scenario means cessation of all trade in Bitcoin. Silk Road etc. alone make that seem unlikely to me, unless something better comes along.

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September 06, 2011, 10:47:55 PM
 #3

The "decline to zero" scenario means cessation of all trade in Bitcoin. Silk Road etc. alone make that seem unlikely to me, unless something better comes along.

I dont think it will go to zero but I think it may go to and stay in a range of $0.50 to $2.00 for a while.

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September 06, 2011, 10:59:23 PM
 #4

funny how this guy base all his posts in mere speculation..
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September 06, 2011, 11:01:09 PM
 #5

Bitcoin price is based entirely on speculation.

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Minsc
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September 08, 2011, 04:58:46 AM
 #6

Okay based on this poll, I now know how to bid.  I will make pollls in the future and whatever gets the least votes is correct.

This happened: It will bottom and just stagnate
And this might happen: It will bottom and very slowly dwindle away

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September 08, 2011, 05:03:10 AM
 #7

I think it will dwindle until something significant happens that none of us were expecting that makes it suddenly valuable overnight.

Like a major gambling site announcing they are accepting it.

Or some major crime or bust happens that gets attention in the news (hypothetical but unlikely example: somali pirates capture a ship, demand BTC, making the whole world ask, what the hell is BTC).  Or a court ruling somewhere ends up legitimizing it (whether on purpose or by accident).  Or senators start saber rattling and cause it attention due to the Streisand effect.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
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September 08, 2011, 05:09:59 AM
 #8

Okay based on this poll, I now know how to bid.  I will make pollls in the future and whatever gets the least votes is correct.

This happened: It will bottom and just stagnate
And this might happen: It will bottom and very slowly dwindle away

Just as good of a speculation method as any I guess. In fact, it's miles ahead of most of the BS I am reading in the speculation forum.

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Minsc
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September 08, 2011, 05:12:31 AM
 #9

Just as good of a speculation method as any I guess. In fact, it's miles ahead of most of the BS I am reading in the speculation forum.

I can tell it's overpriced, but I don't know when it will fall to normal levels.  I do believe this winter when mining is cheaper as a free heating system, it will make the price drop.

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September 08, 2011, 05:18:37 AM
 #10

I can tell it's overpriced, but I don't know when it will fall to normal levels.  I do believe this winter when mining is cheaper as a free heating system, it will make the price drop.

It will fall to normal levels when everyone else realizes that it is overpriced too. Hard to put a definitive timeframe on that.

Your prediction of price falling during the winter could be correct, but it is just as likely that the free A/C provided by cold weather might give incentive to buy more mining equipment with the savings on cost, increasing the difficulty and therefore reducing the supply and increasing the price.

You might aswell invest your money at your local casino.

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September 08, 2011, 06:01:14 PM
 #11

By the way, the questions you ask in the poll aren't very useful if you don't define a timeframe.

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September 08, 2011, 06:19:53 PM
 #12

By the way, the questions you ask in the poll aren't very useful if you don't define a timeframe.

I did not know when it would bottom out, but I set the poll to auto-lock after 5 days I believe.

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September 09, 2011, 04:59:48 PM
 #13

it hit $4.3 then rose quickly to $4.9

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September 09, 2011, 05:16:24 PM
 #14

IMO, it's not a good idea to base your trading decisions on a poll.
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September 09, 2011, 05:17:42 PM
 #15

pretty sure when it gets to $1, someone will buy 1,000,000 of them.
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September 09, 2011, 05:19:43 PM
 #16

yes. please.  Oh, millionaire idiot, where are you? save us all!

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September 09, 2011, 05:34:12 PM
 #17

There's only 7 million coins.
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September 09, 2011, 05:37:21 PM
 #18

Like a major gambling site announcing they are accepting it.

Like a real casino using Casascius Tangible Bitcoins as chips?

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September 09, 2011, 05:38:58 PM
 #19

like a sinking ship that people are still boarding. 

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September 09, 2011, 05:41:10 PM
 #20

pretty sure when it gets to $1, someone will buy 1,000,000 of them.

Would have to sit there for awhile.. there probably won't be a million coins on the market at $1.
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