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Poll
Question: How much do you think Bitcoin will be worth at the end of the year?
£0-£100 - Bitcoin dies - 4 (9.1%)
£100-£400 - 2 (4.5%)
£400-£700 - 4 (9.1%)
£700-£1000 - 1 (2.3%)
£1000+ - 33 (75%)
Total Voters: 44

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Author Topic: Why the price is low and will rocket within 2 months  (Read 970 times)
equinox9
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February 19, 2014, 11:32:25 AM
 #1

Bitcoin is priced artificially low right now. The market price is being purely sustained by casual and newbie buyers who have not been on the Bitcoin scene very long. The serious investors, those that follow Bitcoin news daily, check the markets hourly are all keeping their hands in their pockets waiting for this last final dip. The price wont go lower than £350 (its £396ish on localbitcoins which i use as a true gauge of bitcoins value). As Gox and the other exchanges clear up their problems and more and more good news comes in..it will be hard to keep the price this low.

My prediction:
Price will float £380-£400 for the remainder of the week and will creep up to £450 within 2 weeks.
Anyone who didnt buy cheap will deal their hand and the price will go from there.

£1000 by year end.

What is your prediction for the price of Bitcoin this year
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TERA
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February 19, 2014, 12:01:41 PM
 #2

I'm not sure about the end of the year - anything can happen,  but your bottom price of $580 is outlandishly high. Look how weak the chart is right now - it could easily break 500.
Cyberlight
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February 19, 2014, 12:36:38 PM
 #3

Your prediction is too low.. we see at least 5.995 pound,  Bitcoins growth is exponential
Dalmar
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February 19, 2014, 12:40:39 PM
 #4

What is this pound you speak of?

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Cluster2k
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February 19, 2014, 12:52:56 PM
 #5

What is this pound you speak of?

Right now a lot of bitcoin hodlers who bought in at $1.2k are pounding sand.

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Cyberlight
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February 19, 2014, 01:09:39 PM
 #6

What is this pound you speak of?

Right now a lot of bitcoin hodlers who bought in at $1.2k are pounding sand.

And at the end of the year they can make a big profit.
JimboToronto
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February 19, 2014, 01:35:22 PM
 #7

What is this pound you speak of?

Right now a lot small minority of bitcoin hodlers who bought in at $1.2k are pounding sand.

And a lot more people who sold at $500 are pounding their heads in frustration.
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