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

[Bjork]

If pirate stays around we will continue to go up fairly quick.  I feel that a pirate collapse / shutdown will result in much lower desire for bitcoin and (some) people will sell.  Pirate and the related passthroughs etc create a very strong "pull" for people to wish to dump dollars for btc. 

If pirate sticks around with interest rates at 4%+, we will see it before the end of this year.

[1714816556]

1714816556

[blablahblah]

OK, so the sentiment has changed quite a bit. Is there a fresh batch of n00bs buying bitcoins like crazy, who have no idea about bubbles or herd mentality? Well at least this bubble seems to be progressing more slowly than last year's one.

[ruski]

Even as an unrepentant bull I'm starting to worry. It's going up too quickly.

[BCB]

I'll say it again.  It hit 30 before Labor Day (US sept 5th) then the walls come tumbling down.

[DeathAndTaxes]

“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

60% believe (or indicate they believe) the BTC:USD price will increase another 100% before the end of the year.

[zhalox]

Since I reset the poll, the results are already beginning to indicate that the overall market sentiment has begun shifting to a much closer date for the $31.90 BTC price target.  The real question is this - will people prove their beliefs by accumulating BTC in anticipation of profiting from this price target?  My personal belief is yes.

[smoothie]

Since I reset the poll, the results are already beginning to indicate that the overall market sentiment has begun shifting to a much closer date for the $31.90 BTC price target.  The real question is this - will people prove their beliefs by accumulating BTC in anticipation of profiting from this price target?  My personal belief is yes.

I believe this to be true.

By the end of December of this year we will have hit and passed the high of $31.90/btc

[blablahblah]

Since I reset the poll, the results are already beginning to indicate that the overall market sentiment has begun shifting to a much closer date for the $31.90 BTC price target.  The real question is this - will people prove their beliefs by accumulating BTC in anticipation of profiting from this price target?  My personal belief is yes.

I believe this to be true.

By the end of December of this year we will have hit and passed the high of $31.90/btc

On the flip side: how badly will the exchange rate crash back down? Has the productive part of the Bitcoin economy (whatever scraps are left over if you ignore mining and finance) grown enough during the past year to sustain a $30 exchange rate? And when the herd's rose-tinted optimism disappears?

[zhalox]

Since I reset the poll, the results are already beginning to indicate that the overall market sentiment has begun shifting to a much closer date for the $31.90 BTC price target.  The real question is this - will people prove their beliefs by accumulating BTC in anticipation of profiting from this price target?  My personal belief is yes.

I believe this to be true.

By the end of December of this year we will have hit and passed the high of $31.90/btc

On the flip side: how badly will the exchange rate crash back down? Has the productive part of the Bitcoin economy (whatever scraps are left over if you ignore mining and finance) grown enough during the past year to sustain a $30 exchange rate? And when the herd's rose-tinted optimism disappears?

You ask how badly will the exchange rate crash back down?  I too know that bitcoin will eventually experience a correction of sorts, and that nothing can go up forever without ever experiencing a correction.  However, my personal theory is that some time after we break the $31.90 high, bitcoin will break out to the triple digits and eventually experience a correction sometime when it is in the triple digit range, and subsequently "crash" back down to double digits before resuming its climb to quadruple digits.  This process may take a decade or more.

[zhalox]

The poll has been reset since the correction down from $15.40 to $7.58.  As always, your votes & comments are much appreciated.

[molecular]

can't vote

[Chaz]

14th August 2013 is my guess 

[notme]

can't vote

"Voting closed August 21st"

[zhalox]

Even I can't reactivate the poll for some reason.  I probably need moderating powers or something...

[zhalox]

Since this thread is now useless, I have created a new poll that will not expire: https://bitcointalk.org/index.php?topic=103621.  Mods can delete this thread.