Post
Topic
Board Economics
Re: Let's Be Honest. We Are Waiting for $100/BTC to buy
by
katrimans
on 22/05/2016, 14:37:01 UTC
Let's cut the crap. Most of us are just waiting for Bitcoin to finally hit $100 to buy a huge quantity. Am I right or talking out my ass?
If you are waiting for the Bitcoin price to hit $100 then you are going to wait a long time. I am not sure when the price is going to drop so low again maybe with the halving but I doubt that it will happen.

No we will never see that low price again, maximum  bottom would be $350 nothing below that, and if price falls to $100 that would be an end of bitcoin.


bottom 300$ in a few months but then the rise will make the price stable on the double of $300 which makes the price approximation of 2016 come kind of near.
by december, it may reach 650$ tops if i am reading correctly. of course there are a lot of unexpected things that can happen but more or less it should be able to reach $650 or even above by end of 2016. IMHO of course
I can't really see the price fall back to $300 without significant bad news making everyone panic sell.

The lowest the price might go is slightly below $400 as it then will jump back up to +$400 levels again.

I think we will never see the price of $300 again, bitcoin is rising at a moment and even if it falls after halving then maximum low would be $400 nothing below then that.
$100,00 mark could be reached if bitcoin becomes the primary means of making online transactions. Of course, this will not happen anytime soon, as the bitcoin economy is still underdeveloped and relatively small