What do you think will happen to the bitcoin price until 2015?

[jsmit332]

I never actually thought that the bitcoin price would become this low again. I thought the price would stabilize at around $500 and now i'm staggered! Especially with no reason as to why the bitcoin price is falling. What do you think will happen to the price? Will it go back up to $1200 as a Christmas miracle?   

[yokosan]

fuck me are we that down that we are now begging for christmas miracles?

[fonzie]

If the ETF goes online there would be a slight chance that we stay above 100$ by the end of the year .

[Meuh6879]

If an other bank fail ... no worry to skyrocket BTC price.
In eurozone, many people want an alternative to bank to hold money life economies.

[inca]

Every coin being sold is being bought by someone out there. This is a time of coin redistribution from weak hands to strong hands.

There is a lot of money 'on the sidelines' just waiting for the technicals to turn. Painful to be a holder through this but if you believe in the tech then just hang on in there. This has happened before several times, and will likely happen again.

[Ibian]

Real money people are here now and they are probably using every trick in the book to drive the price down so they can accumulate cheap. They won't panic buy the price up like muggles.

Then there is the mining angle. Difficulty keeps climbing, which means less profit for miners which means they have to sell more to remain solvent. Eventually a bottom will be reached (the cost of mining a coin).

Based on the above, I'm expecting things to be boring at least until difficulty stops climbing. The latest I would expect things to change is when the reward halves. Which would really suck to have to wait for, but it will result in a higher price when it happens.

That's not taking into account things like the winkle ETF, possible media hype storm or other unexpected events.

[exocytosis]

Real money people are here now and they are probably using every trick in the book to drive the price down so they can accumulate cheap. They won't panic buy the price up like muggles.

http://np.reddit.com/r/Bitcoin/comments/2hpfim/lets_face_it_theres_currently_no_demand_for_all/ckuu0qg

let me tell you the number one objection to bitcoin wealthy investors have:
Bitcoin is MLM
and yes, to a 40-something financial or legal professional who considers himself moderately clued in to society, bitcoin is MLM.
the way it comes off is, a bunch of people bought up a large proportion of bitcoins for cheap. and the only reason new people buy bitcoins today is because they think new waves of more people will buy bitcoins in the future
then you try to compare bitcoin to a stock, oh it's ok that early adopters get rich because that happens in stocks too. except bitcoin isn't a stock. there is no product with bitcoin. there are no dividends. you don't have voting rights either unless you're an allstar developer.
my point is, if you look at bitcoin objectively, it's MLM. the only reason 99% of people buy bitcoin is because they think bigger waves of people will buy bitcoin in the future.
this is important because so many of you are forgetting this objection and then you go beg wall street types to get into the system. they're not buying MLM. when has wall st ever bought MLM? never.
instead you should be appealing to the common man in understandable ways. openbazaar and silk road are the clearest examples of how to do that. you would have far more success selling bitcoin to people by putting up posters in the city advertising "buy dank ganja online anonymously - visit howtosilkroad.com". that's going to teach the common person to value bitcoin in a tangible way
that's a clear demonstrable vector for commercial demand.
everyone in 2014 was dreaming that wall street would pitch in and be the new big wave of recruits to buying bitcoin, so the old recruits would all be fabulously wealthy. shit, wall street wouldn't prop up a MLM scheme they didn't control from the top even if the entire financial system was collapsing all around them
There is simply no pragmatic answer to "Why should I buy bitcoin?"
No, the pragmatic answer is "because I think more people will buy it in the future". and that, my friends is MLM.

Everyone should have a look at this thread, btw:

http://np.reddit.com/r/Bitcoin/comments/2hpfim/lets_face_it_theres_currently_no_demand_for_all/

[picolo]

Every coin being sold is being bought by someone out there. This is a time of coin redistribution from weak hands to strong hands.

There is a lot of money 'on the sidelines' just waiting for the technicals to turn. Painful to be a holder through this but if you believe in the tech then just hang on in there. This has happened before several times, and will likely happen again.

Exactly; we needed some time before being able to jump up to higher prices and the future looks very bright for Bitcoin

2015 will finish in positive and we will probably see a price jump or two

[exocytosis]

The best case scenario is that we manage to stay in the triple digits until sometime in January.

The more likely scenario is that we'll see double digits well before Christmas.

[jsmit332]

If the ETF goes online there would be a slight chance that we stay above 100$ by the end of the year .

What is ETF anyway? I've heard of it but don't really get it.

[jsmit332]

The best case scenario is that we manage to stay in the triple digits until sometime in January.

The more likely scenario is that we'll see double digits well before Christmas.

Why do you think that?

[jsmit332]

fuck me are we that down that we are now begging for christmas miracles?

LOL but we are almost as down as when the Mt.Gox crash happened.

[Ibian]

The best case scenario is that we manage to stay in the triple digits until sometime in January.

The more likely scenario is that we'll see double digits well before Christmas.

Why do you think that?

He's a troll and on most peoples ignore.

[jsmit332]

The best case scenario is that we manage to stay in the triple digits until sometime in January.

The more likely scenario is that we'll see double digits well before Christmas.

Why do you think that?

He's a troll and on most peoples ignore.

[jsmit332]

Does anybody else have any other theories?

[GriTBitS]

If the ETF goes online there would be a slight chance that we stay above 100$ by the end of the year .

I'm hopping for $50 ppl shitting there pants all christmas!

[exocytosis]

The best case scenario is that we manage to stay in the triple digits until sometime in January.

The more likely scenario is that we'll see double digits well before Christmas.

Why do you think that?

He's a troll and on most peoples ignore.

And I've been accurately predicting BTC price development for at least four months.

[jsmit332]

The best case scenario is that we manage to stay in the triple digits until sometime in January.

The more likely scenario is that we'll see double digits well before Christmas.

Why do you think that?

He's a troll and on most peoples ignore.

And I've been accurately predicting BTC price development for at least four months.

If you are not being a troll please explain why you think this. I am not calling you a troll i am just interested.

[inca]

The best case scenario is that we manage to stay in the triple digits until sometime in January.

The more likely scenario is that we'll see double digits well before Christmas.

Why do you think that?

He's a troll and on most peoples ignore.

And I've been accurately predicting BTC price development for at least four months.

If you are not being a troll please explain why you think this. I am not calling you a troll i am just interested.

Yes it is very hard to see a downward sloping line and predict falling prices. Interestingly when the price bounced 10% in 30 minutes last week you were nowhere to be seen.

Noone except the person selling knows what the price will do in the short term. All the bears on here are doing is looking on the recent chart to extrapolate further falls. The bulls on the other hand look on a slightly longer timeframe than the last 9 months. Unsurprisingly there aren't many bears from earlier bitcoin years still posting here - I will leave you to decide why..

[jsmit332]

The best case scenario is that we manage to stay in the triple digits until sometime in January.

The more likely scenario is that we'll see double digits well before Christmas.

Why do you think that?

He's a troll and on most peoples ignore.

And I've been accurately predicting BTC price development for at least four months.

If you are not being a troll please explain why you think this. I am not calling you a troll i am just interested.

Yes it is very hard to see a downward sloping line and predict falling prices. Interestingly when the price bounced 10% in 30 minutes last week you were nowhere to be seen.

Noone except the person selling knows what the price will do in the short term. All the bears on here are doing is looking on the recent chart to extrapolate further falls. The bulls on the other hand look on a slightly longer timeframe than the last 9 months. Unsurprisingly there aren't many bears from earlier bitcoin years still posting here - I will leave you to decide why..

So do you think that bitcoin will make a recovery? Or do you think is the final big fall for Bitcoin?