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Bitcoin Forum > Economy > Economics > Speculation > [Daily Speculation Poll] :: due for a price drop?
Poll
Question: Will price drop below 6$
Yes - 29 (32.6%)
No - 60 (67.4%)
Total Voters: 89

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TraderTimm
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June 21, 2012, 06:51:01 AM
 #21
At the moment, on my large chart here... looks stronger than I thought it would.

Hanging at 6.6689 and all.

Yes, I have it on a big monitor - just for bitcoin Tongue
fortitudinem multis - catenum regit omnia
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ElectricMucus
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June 21, 2012, 07:52:11 PM
 #22
This looks like a bull trap, alas return to normal of this years bubble.

Too bad bitcoinica is gone.
adamstgBit (OP)
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June 21, 2012, 08:34:29 PM
Last edit: June 22, 2012, 12:01:56 AM by adamstgBit
 #23
Quote from: ElectricMucus on June 21, 2012, 07:52:11 PM
This looks like a bull trap, alas return to normal of this years bubble.

Too bad bitcoinica is gone.

its not a trap either way

Volume looks strong even at these "high" prices

we will most likely go down (just cuz we went up so fast ) but not by much and not fast.

a few years from now a long term view will reveal a never ending and increasing strong bull run.  Cheesy
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June 21, 2012, 11:48:34 PM
 #24
I voted yes. We need the Virtex price to hit 6.16 CAD and that is quite possible even if MtGox does not fall below 6 USD. Current CAD / USD rate 1.0279. Last price on Virtex 6.57 CAD or 6.39 USD.
Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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June 25, 2012, 06:33:56 PM
 #25
Well as predicted the price has dropped below 6 USD. Virtex has traded at CAD 6.12 at 15:51 today that translates into USD 5.95 with a CAD USD rate of 0.972.
Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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