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Author Topic: The chart thread -- predict the price out to 2014  (Read 2375 times)
istar
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March 01, 2012, 11:58:50 PM
 #21

I think the floor is pretty solid between 2$ and 4$, with plenty of people ready to buy all the cheap coins, and that won't change with the reward drop. So if there's big fluctuations it will be between that and 10$.

Can anyone come up with a theory of how the 50% reward drop could lower the prices?

Yes, miners leaving when price has not rised, most investors having bought, "while still cheap" just waiting for price to rise, when it dont miners leave, causing lack of faith from investors and triggering panic, causing price to go even lower and even more miners to leave and Bitcoin goes really low.


I believe we might have to wait 4,5 five years for Bitcoin to stabilize.
There are 4 years ahead with 3500 new coins each day having to be bought to keep up.

Bitcoins - Because we should not pay to use our money
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