Silk Road forums

Discussion => Newbie discussion => Topic started by: WI Official on February 06, 2013, 08:08 am

Title: How High do you think Bitcoins will go in the near future?
Post by: WI Official on February 06, 2013, 08:08 am
Do you think is is good investment to hold on to like gold or just buy drugs with em?
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: Zuice on February 06, 2013, 08:17 am
Well in the long term, the value is almost guaranteed to keep rising as long as the currency stays around. I'm talking years down the road here. If we're talking next few weeks to few months, then I'm going to hazard that it's going to snap back to a much lower price point. It's rising too fast for it to be stable.
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: Generation Y on February 06, 2013, 10:06 am
If your running a commercial operation, definitely drugs. Guaranteed return, instead of just a possible return (or possible loss), and you should have higher profit margins as long as you keep turnover up.
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: android465764E on February 06, 2013, 11:10 am
In my opinion, the more that people hoard large amounts of bitcoins, the higher the value becomes for the remaining ones.
It's far better (for everyone)  to just buy what you need, when you need it. 

But I accept that this will never happen.

Who can resist buying a few more to keep when the rates are low? Vicious circle. 


Agree with above though, I think rate will fall soon. It's risen too quick to remain stable.
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: freelance on February 06, 2013, 12:08 pm
I saw a news article somewhere that a student developed a special gpu to mine bitcoins more efficently than was possible before. I would guess that prices might increase if ppl start mining with thoes vid cards like crazy. Just my guess.
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: hugnami on February 06, 2013, 12:52 pm
Well, any NEWs, buzz, information out to the ppl, will increase the price!!!
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: AfternoonDelight on February 06, 2013, 02:49 pm
Bitcoin rewards have halved from 50 to 25 per successful block, and the difficulty is increasing.
It's easier to buy them than mine them right now.
It only makes sense for the price to go up, folks weren't even breaking even on their mining efforts in the last year.
That being said, who knows when it will all crash, someone could hack mtgox again, or drop a shitload of cheap coins into the exchange and drive the price down.
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: phoboss on February 06, 2013, 03:38 pm
BTC are for buying ish and gambling online the idiots buying them as an investment will lose out big time as this will not last put it this way the idiot keeping them at this price could lose the whole lot tomorrow as
there's only around 2 mill btc available at any one time anyway i've stopped buying them rite now as this is just BS a month ago they were half what they are now I just cannot wait for the idiot who's bought all those coins for his or hers computer to crash or overheat or a simple mistake to wipe the lot from that stupid wallet I hope it happens soon ie within the next month
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: ANewLife on February 06, 2013, 03:57 pm
$30 end of Feb, $100 End of year
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: android465764E on February 06, 2013, 04:08 pm
$30 end of Feb, $100 End of year


Strong words. Care to make a wager?
I'll bet you ฿5 that the rates won't reach $100 by December 31st.
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: bolbiggans on February 06, 2013, 04:33 pm
They'll drop again, for sure, but no doubt after that they'll continue to rise.

Eventually it will be quite big and the government will actually try and do something about it, shutting down big sites like mt gox, making it crash bigtime.
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: ANewLife on February 06, 2013, 04:39 pm
It'll hit $100 by the end of the year
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: android465764E on February 06, 2013, 04:40 pm


Eventually it will be quite big and the government will actually try and do something about it, shutting down big sites like mt gox, making it crash bigtime.


I seriously doubt that will ever happen.
Bitcoins are used for a multitude of purposes, mostly legal. And bitcoins themselves, are not illegal.

If the powers that be were really serious about ending SR, I hardly think attacking the currency people use here would be high on their list.
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: fordingtheharrison on February 06, 2013, 04:45 pm
If they continue to become more popular, the price will inevitably rise. The rate is the unknown here, and that all depends on how quickly it becomes popular.
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: ANewLife on February 06, 2013, 04:46 pm
$100
Title: Re: How High do you think Bitcoins will go in the near future?
Post by: android465764E on February 06, 2013, 04:53 pm
If they continue to become more popular, the price will inevitably rise. The rate is the unknown here, and that all depends on how quickly it becomes popular.


A valid point. +1

Also, there isn't an unlimited supply of coins. There's something like 23 million in circulation (?) ...the more that people hang on to their coins, the higher the value of the remaining coins. Simple maths.



Title: Re: How High do you think Bitcoins will go in the near future?
Post by: flaxceed on February 06, 2013, 04:57 pm
$30 end of Feb, $100 End of year

I am in this camp.  You have the bitcoin wagering industry doing very well and this will only lead to expansion and more widespread use, which increases price.  The more utility bitcoin has, the higher the value.  Buying drugs is great, but so is online gambling or just fucking your government.  Damn, I love the hell out of some bitcoin.  I need to go masturbate.