Post
Topic
Board Mining
Re: This is just getting nuts
by
Cluster2k
on 06/08/2011, 09:21:11 UTC
Now I'm not a dumb ass and I am not selling at the listed price of around 11 dollars. I agree selling at 11 dollars would take a long time to get your roi. I plan to hoard until the price goes up to between 15-20 dollars. So in 30 days I'll have 6.24 bitcoins which is $93 dollars at 15 a btc or $124 @ 20 a btc.

That's a pretty big assumption, that bitcoin will return to $15-$20.  The trend over the past 3 months has been nothing but down.  Do you feel confident that enough new adopters will be found for bitcoin to drive the price up?  What do you see as the catalyst for this happening, aside from difficulty rate which is irrelevant to bitcoin's value?