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Question: Where do you think we are going with BTC price?
Up, up, up and away - 22 (48.9%)
Steady at 5.xx for a while - 9 (20%)
Going down from here - 7 (15.6%)
Not sure - 7 (15.6%)
Total Voters: 45

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Author Topic: Where is BTC Price Trending?  (Read 945 times)
StewartJ
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January 02, 2012, 08:41:02 PM
 #1

If you look at last month, we were trading at $3-$3.25 for 2 weeks and then at $4-$4.25 for 10 days.

Over the New Year, we got another $1 spike upward.

If the trend repeats itself, Bitcoin would trade in the $5.xx range for at least a week, and then shoot up again.

What do you think?
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mjcmurfy
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January 02, 2012, 08:44:49 PM
 #2

Down. https://bitcointalk.org/index.php?topic=56110.msg671310#msg671310

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old_engineer
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January 02, 2012, 09:05:16 PM
 #3

Unfortunately, I think it's headed up.  Everyone loves a winner, and this is why speculative bubbles form: a rising value attracts more buyers, reinforcing the cycle.

I say "unfortunately" because I think that it'll be headed back down in a few weeks.  Does that make me a bull-bear hybrid?
niko
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January 02, 2012, 09:28:36 PM
 #4

Not sure where the exchange rate is going, but I am sure that if it keeps shooting up the world of Bitcoin will once again turn very ugly. I really enjoyed the past few months without assholes, mind-numbing scams, theft, vanity, and other such qualities that short-term profiteering brings about in people.

They're there, in their room.
Your mining rig is on fire, yet you're very calm.
FlipPro
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January 02, 2012, 09:34:08 PM
 #5

Not sure where the exchange rate is going, but I am sure that if it keeps shooting up the world of Bitcoin will once again turn very ugly. I really enjoyed the past few months without assholes, mind-numbing scams, theft, vanity, and other such qualities that short-term profiteering brings about in people.
I think we're all much better prepared for it now Smiley.

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notme
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January 02, 2012, 10:33:15 PM
 #6

I don't care as long as people disagree... Buy low sell high, but don't get greedy or you'll lose.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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