[POLL EXPIRED] When will the price of Bitcoin exceed $31.90? (2011 high)

[zhalox]

I am interested in everyone's opinions on when/if the price of Bitcoin will exceed $31.90 (the June 2011 high).

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[zvs]

http://www.youtube.com/watch?v=tpG8Z-k2koE

it was about to until mtgox screwed up.. gdi

[molecular]

October seems about right: after the bitcoin conference in London and with the mining reward reduction immanent.

[zhalox]

I originally made this thread when we were in more of a full-fledged breakout mode, but now momentum has slowed, and we seem to be consolidating in the $7-10 range.  I also think some people's opinions have likely changed for various reasons.  I will probably repost this poll at a later time due to changes in market sentiment.  Of course, please feel free to add your opinion and vote if you haven't already though

[mc_lovin]

Summer seems to be the peak for prices.  I vote next summer.

[BCB]

We could see this in August, then massive profit taking triggering a 3-5 low before settling into a new base price of 7.5 in September.

[TraderTimm]

If you factor in a modest gain each month of $1.00, it would take ~23 months to get there which puts in firmly in the 2015 slot. Of course, if there are other upward moves that are sustained, it could shorten the process. Consider it a more conservative projection.

[mc_lovin]

If you factor in a modest gain each month of $1.00, it would take ~23 months to get there which puts in firmly in the 2015 slot. Of course, if there are other upward moves that are sustained, it could shorten the process. Consider it a more conservative projection.

I don't think the gains will be $1 each month...  With bitcoin it has huge upswings and downswings...  We did see a slow and steady climb from $2 to $10, so it could very well go on that path... But with traders like pirate@40 and potential other larger players, there is really no telling what will happen.

[TraderTimm]

I don't think the gains will be $1 each month...  With bitcoin it has huge upswings and downswings...  We did see a slow and steady climb from $2 to $10, so it could very well go on that path... But with traders like pirate@40 and potential other larger players, there is really no telling what will happen.

I don't disagree, at all - just putting out a projection based on a rather modest increase. It could vary quite widely from that. That is what makes it interesting, to me anyway.

[knight22]

If you factor in a modest gain each month of $1.00, it would take ~23 months to get there which puts in firmly in the 2015 slot. Of course, if there are other upward moves that are sustained, it could shorten the process. Consider it a more conservative projection.

I don't think the gains will be $1 each month...  With bitcoin it has huge upswings and downswings...  We did see a slow and steady climb from $2 to $10, so it could very well go on that path... But with traders like pirate@40 and potential other larger players, there is really no telling what will happen.

Pirate or not, big players or not, the market is still growing up and the minimum value of bitcoin is still growing up too.

[finkleshnorts]

just a hunch: If the price goes to 31 any time in the next two years, it will be thanks to those trying to get rich quick.

[smoothie]

just a hunch: If the price goes to 31 any time in the next two years, it will be thanks to those trying to get rich quick.

Or perhaps the rich just wanting to waste money by buying at high prices?

[TraderTimm]

just a hunch: If the price goes to 31 any time in the next two years, it will be thanks to those trying to get rich quick.

Or the dollar turning into a steaming shit-pile.

[thezerg]

just a hunch: If the price goes to 31 any time in the next two years, it will be thanks to those trying to get rich quick.

Or the dollar turning into a steaming shit-pile.

Naw the dollar will be propped up as the last fiat standing, BTC will surge from European HNWI running for cover this fall...

http://www.cnbc.com/id/48369714
The crisis in the euro zone has been thrown into higher gear by a surge in borrowing costs for Spain and by an acknowledgement by Brussels officials that Greece is too far off its targets to be saved by its second bailout package, agreed just five months ago.

[urlhttp://www.ft.com/cms/s/0/35a28e78-c5c8-11e1-a5d5-00144feabdc0.html#axzz21wFjwnKd[/url]
Yes part of it is NOT a tax on income but on WEALTH. 

[zhalox]

Methinks we may see $31.90 sooner than most people realize...

[apetersson]

Methinks we may see $31.90 sooner than most people realize...

yes some have indeed seen it already there is no arguing we have a new all-time high today!

[Yuhfhrh]

Methinks we may see $31.90 sooner than most people realize...

yes some have indeed seen it already there is no arguing we have a new all-time high today!

+1 Hacked stuff counts right?

[Fjordbit]

Asise from all the hacks, we are quickly approaching the peak market capitalization of BitCoin. That's a pretty important metric as well.

[westkybitcoins]

just a hunch: If the price goes to 31 any time in the next two years, it will be thanks to those trying to get rich quick.

Or the dollar turning into a steaming shit-pile.

+1

Considering continued inflation, the reward halving, growing awareness of Bitcoin, the public impact of the release of mining ASICs and other geopolitical/economic factors, I think we stand a good chance at seeing $32+ by this December, even if it's just a temporary spike (I don't anticipate a bubble though; I don't see it dropping much below $30 again even if it does break the previous high as a result of a spike.)

[zhalox]

Since the Bitcoin rally has accelerated faster and farther than many of us expected, I have reset the poll.  To everyone who has already shared their thoughts, I thank you.  Your comments & votes are much appreciated.