The price sort of belongs around here. The "oh noes btc is dead cos it's only worth 700 bucks each" crowd need to actually think for a minute. That's not to say it won't go lower.....
It probably will go lower too yet people start to panic sell and then regret it later but I think Bitcoin will reach around the $2000 mark in the next 6 months.
No one on Gox is panic selling because they know they can't get their money off there anyway...
So in one way mt gox is helping us all at least thats one way of looking at it but I see why people hate mt gox they seem to have been the main attraction for people new to Bitcoin even though their rates are not very good.
stuffing my pockets
me too, Bro! Weeeeeee! cheap coins!!
I could just imagine the amount you would of bought a few years ago you would have bags full not pocket full seems the Bitcoin price was stable for a few weeks before this though.
looks like bears done dumping
u think china is gonna buy when they wake?
If they can they will most probably will.
or even $7000 +
I would say $7000 is a little ambitious in the next 6 months at least unless there are major events which are going to give Bitcoin positive effects then it would be very difficult to reach that amount in such a small amount of time.
I think we will see sub 700$... My buy order is at 705$ (stamp).
going the other direction for now. Hope you don't miss your shot.
Meh... bought back at 740$, it's ok... I sold at 804$
That's a decent profit not to much but at least you didn't lose out still holding on to see if there is going to be a better chance.
This is all just a repeat of what has happened before, and will happen again....and again. That's why it's so much fun to trade.
That's why I don't understand why people panic sell and get paranoid that Bitcoin is dead it's madness this is going to keep happening.
or even $7000 +
I would say $7000 is a little ambitious in the next 6 months at least unless there are major events which are going to give Bitcoin positive effects then it would be very difficult to reach that amount in such a small amount of time.
I agree, ambitious for sure...but....
if you take a look at the longterm chart, and see what Bitcoin has done to date. It has gone from from one all time high to another every 7ish months or so...there is a peak at new ATH, followed by a dip/crash and then 7ish months later it hits a new ATH, which is many times the previous ATH, followed by another dip... of course past behaviour is not the best indicator for future behaviour, but it is an indicator all the same. If the network effect keeps up and the adoption rate keeps growing exponentially as they have done up until this point, then $7000 is in June-ish would make a lot of sense, from a historical point of view, it would not look out of place in any way on the all time chart if the trend from 09 continues forward.
If things like todays news do not derail the adoption, and investment/adoption from the fund managers and "wall street" et al then I can see history repeating itself another cycle, every year since 2009 it has surprised people... volatile for sure but still hitting those exponentially higher ATH's almost like clockwork every sevenish months later than the last one...we had our last ATH Dec 13, so guess we will have to wait and see... I cannot see Bitcoin being at saturation at this point, nowhere near.
That's a observation I haven't seen before about the 7 month prediction I think that's pretty plausible and could be done but I think any media attention is going to bring in people and they are going to research more and see why Bitcoin is so popular Bitcoin wasn't even very well known a few months ago but now there seems to be a whole lot bigger in every single country.
I think in the next 12 months we will see it exceed $2000.
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Cmon bitcoin, do something
It's been pretty steady at the moment and I'm unsure why.