Post
Topic
Board Speculation
Re: When will Bitcoin hit $300?
by
geofflosophy
on 23/10/2013, 20:46:32 UTC
November 12th 2013 it may be under 100$, if no new fiat enters the markets.

Do you ever get tired of being wrong?

Are you able to think ahead a bit?
Once this craze is over and it will obviously go down after the very peak, every holder is going to want to sell close to the peak.
I believe we'll see an avalanche of coins, maybe up to 100k more coins into the market. It only takes 1 hour to transfer coins
to the exchanges, but days to transfer fiat (if it's not already there). So for a few days the price will drop dramatically, and
if not enough fiat will enter to compensate and resume an uptrend, we may end this year under 100$.
true. i'm hopeing for this. i need to buy...

This is my analysis of the situation as well. I sold at a few points on the way up, highest was 197.60, so I have some fiat ready to go. I'm looking to buy between $130-150 if it gets there, though I'll probably do some dollar cost averaging on the way in case it never does.