Post
Topic
Board Speculation
Re: Bitcoin will hit $1000 by this Friday (07-03-2014)
by
Armis
on 07/03/2014, 16:12:02 UTC
it seems go under 500 usd !!!

No igorr it wont.

Stop trying to get your hands on cheap coins.
It doesn't get cheaper than this.




if you look at the trend Igorr's crazy suggestion is more accurate than a $1000 btc anytime soon


as for the birdie told you something, just because someone buys a lot of btc doesn't mean the price goes up, what if someone else decided to dump a whole  lot of btc, and what if the amount of btc buyers are a whole lot less than avg -- the result is down, down, and down.

If the Mt Gox money is not found btc is too risky for scaleable and responsible investment


Media hype will increase the price temporarily (5 days), major media news will boost the price for about a week, as the hot air dissipates btc will sink.  The only two things that could bring the market rates back up in a meaningful way is:

1) a solution for the missing money issue, if it isn't found then any exchange can do it again
2) the exchanges provide proof of solvency, work with certified date, sign transactions, provide guarantees, have insurance, be certified by the community, be bonded, be more accountable, be more transparent, provide better customer service


if #1 happens the market will shoot up to $1000 within a week from wherever it is, if #2 happens the market will grow incrementally in response and relation to what is done and how many exchanges do it, but btc will be stabilized.

lf #1 and #2 occur especially if #2 is first the market will see $1000 within a week, and as much as $1400 within a month.  Keep in mind, my numbers would represent real growth if you add the hype you could see $2000 btc.