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Why do you think $200-$225 is the number it will hit? Why do you think end of this month or next month? Why not this week or 1 year from now?
by wtvanhest 14y ago
Why do you think $200-$225 is the number it will hit? Why do you think end of this month or next month? Why not this week or 1 year from now?
- daeken 14y agoThe time estimation is based on the number -- just based on the rate of increase, I'm probably not far off. The number, though, is complete guesswork, purely based on discussions I've had with people about BTC's current rise; no evidence in the least. I have little enough to lose here that I'm willing to go by my gut on it; if it turns out I'm wrong, I won't be losing any sleep, which is always nice.
- notb 14y agoIts also a self fulfilling prophecy. When everyone colludes to start selling at the $200 mark, it will certainly burst.
- daeken 14y agoThat's a large part of why I'm thinking it'll happen. There's something "different" about $200 when people talk about the rise of Bitcoin; that number just makes people uncomfortable. I don't think it'll rise much beyond that, this time around. (Though I do think that the eventual value of BTC will be much, much, much higher, years down the road.)
- miles 14y agoWhy do you think $200-$225 is the number Indeed: I'm Raising My Bitcoin Price Target To $400 http://www.businessinsider.com/im-raising-my-bitcoin-price-target-to-400-2013-4 http://www.businessinsider.com/im-raising-my-bitcoin-price-t...