Hi if anyone from Bitfinex staff is reading this, it is very urgent regarding unauthorized access to my account. I have sent an email to support with subject starting with Re: URGENT

My bitfinex username is tmiblog

I think we may see $1,000 bitcoins again in the second half of the year...but right now we are in a consolidation phase which usually happens after a big rally...I reckon bitcoins will be trading in a range between $400 and $800 for a few months...IMO

This always happens when the price is in a downtrend...The ones stuck in fiat who missed the rally from $100 are trying to get others to panic and sell so they can buy bitcoins for cheap...

Some of them are trolls and just want the attention...best to ignore them...

I really hope we don't see $100 Gox BTC...I have bitcoins stuck in Gox...

I too am getting sick of all the FUD from newly registered posters. Theymos ought to put the newbie restrictions back in place. I don't understand why the restrictions were removed in the first place...

IMO, The worst that will happen will be that people will accidentally send 10 BTC when they meant to send 10 mBTC and lose money...This could end up creating bad press for Bitcoin if too many people make this mistake. To prevent this from happening, all the clients must agree to make mBTC the default denomination at the time of transition. Anyone sending in BTC should get a popup window warning that they are about to send in BTC. Likewise, all the major exchanges must agree to switch at the same time.

I think the best time to switch to mBTC would be when a bitcoin is worth $1,000. So 1 mBTC would equal about $1. This would attract many new businesses to accept mBTC since everyone is familiar with the dollars purchasing power.

Stagnation (price stability) is a good thing...We saw periods of stagnation in 2012, we'll see more this year.

Actually, at the time of this post only 28.5% voted that we would see $100 before August 1st, 2013...This is not a majority.

I went though the figures again and calculated that Bitcoins value actually dropped 93.75% from peak in 2011, if you don't include the gox hack...A repeat of that would mean a bottom of about $17. I cannot see this happening to be honest.

This is an interesting poll so far...Everyone should vote to give us a clearer picture of market sentiment.

Just because Bitcoin value dropped 90% from peak in 2011, doesn't mean it will repeat that in 2013...Bubbles always burst but the percentage drops from peak to bottom and timeframes are always different each time. Although I believe we will test $50-$60 again this year, I doubt we will see $30.

My 2 cents.

Stability... 10 big exchanges is better than 4 because customers funds will be more evenly distributed and diversified among the major exchanges. If one of the big exchanges goes down right now and loses customers funds, it would have a more severe impact than if it were only 1 of 10 big exchanges going down.

Yes, Bitcoin needs more exchanges if we want to see higher prices. 4 big exchanges is not enough, we need 10.

The rally had already began two months before the Cyprus news hit the waves...Cyprus just happened to be in the news at the time Bitcoin was gaining media attention. No doubt Cyprus played a part in the bubble, but it was only one of many factors.

The main reason for the bubble, I believe, was simply herd instinct and a fear of missing out on something that could change their lives forever if they didn't buy immediately. Just like in the 2011 bubble, many bought simply because the longer they delay the less bitcoins they will be able to buy. Higher prices lead to others panic buying which leads to even higher prices etc. The amount of media attention also was a huge factor which fueled the bubble as new people outside of the community were brought into the market.

My 2 cents.

Yes...many interesting topics in this section die fast and get buried due to a hoard of pointless posts in other threads. It's a shame really.

I occasionally browse further than the first page or two in this section to see if I missed any interesting threads.

Nobody knows what the price will do in the short to medium term...The market of Bitcoin is small and thus highly manipulative by a few large holders. My suggestion is not to try to trade with more than you can afford to lose. This takes the emotion out of trading which will help increase your chances of success in the market.

Agreed... however I have a feeling that another alt-coin will join Bitcoin and Litecoin sometime in late 2014/early 2015. Primecoin is a possibility or perhaps the next big alt-coin hasn't launched yet.

Remember Bitcoin was launched in 2009 and became popular in 2011, Litecoin was launched in 2011 and became popular in 2013, so I think 2013 is the year for the next big alt-coin to launch and become popular in 2015 (Perhaps late 2014).

The next big alt-coin however should bring something new to the table and not be just a Bitcoin/Litecoin clone.

It is also important that name of the next big alt-coin is short (2 syllables), universal and catchy. For this reason coins like Feathercoin (too long), Chinacoin (too political), Jupitercoin (too many syllables) won't become big. Primecoin is short, catchy and has a nice ring to it.

My 2 cents.

Because this is the newbie section of the forums! Most people here are new to bitcoins or haven't been involved in bitcoins for long. So don't expect many here to have amassed more than a small handful of bitcoins.

Well done! But I agree with the others here... you should quit now while you are ahead...

If you continue you may end up losing all your winnings or even end up in a worse situation than you began!

No, the time to buy was when the price dropped to $65.

Wait for another dip if you didn't buy then.

Though, I am confident in the long term we will hit new all time highs but not for another year or two...