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Message
Predict the 12/31/2014 bitcoin price (plus 2013 year in review)
Posted on 1/2/14 at 9:19 am
Posted on 1/2/14 at 9:19 am
Bitcoin began 2013 valued at approximately $13.30 on MtGox*.
Bitcoin ended 2013 valued at approximately $815.00 on MtGox.
That is an increase of 6027.82%.
What do you think a bitcoin will be worth at the end of 12/31/2014?
My prediction: $5250.00
Cutoff date for predictions: January 12th, 2014
*MtGox price is used because it was the only exchange with substantial volume throughout the entire year, and thus it's difficult to compare the beginning of the year price to the end of the year price using other exchanges.
Also, for anyone interested here's a nice read on crpytocurrencies: In Defense of Cryptocurrencies - “Why Bitcoin Shouldn’t Die in a Fire”
Bitcoin ended 2013 valued at approximately $815.00 on MtGox.
That is an increase of 6027.82%.
What do you think a bitcoin will be worth at the end of 12/31/2014?
My prediction: $5250.00
Cutoff date for predictions: January 12th, 2014
*MtGox price is used because it was the only exchange with substantial volume throughout the entire year, and thus it's difficult to compare the beginning of the year price to the end of the year price using other exchanges.
Also, for anyone interested here's a nice read on crpytocurrencies: In Defense of Cryptocurrencies - “Why Bitcoin Shouldn’t Die in a Fire”
This post was edited on 1/3/14 at 3:35 pm
16
Posted on 1/2/14 at 9:33 am to WikiTiger
Is MtGox the most likely exchange to still be around at the end of the year?
$500
$500
Posted on 1/2/14 at 9:33 am to WikiTiger
$247.13
ETA: What is your prize for the winner?
ETA: What is your prize for the winner?
This post was edited on 1/2/14 at 9:37 am
Posted on 1/2/14 at 9:37 am to WikiTiger
$5.50
Posted on 1/2/14 at 9:45 am to WikiTiger
420.00
Posted on 1/2/14 at 9:49 am to WikiTiger
$78
Posted on 1/2/14 at 3:03 pm to WikiTiger
$800.
If I win, I would like my prize money in dollars, please.
If I win, I would like my prize money in dollars, please.
Posted on 1/2/14 at 3:06 pm to WikiTiger
quote:
2013 year in review)
quote:
Bitcoin began 2013 valued at approximately $13.30 on MtGox*.
Bitcoin ended 2013 valued at approximately $815.00 on MtGox.
Thats one of the most overly simplified "year in reviews" i've ever seen outside of a tombstone.
Posted on 1/2/14 at 6:15 pm to WikiTiger
Thanks Wiki!
Predictions below
Bitcoin 2014 Price - $3248.00
Litecoin 2014 Price - $139.30
Current holdings
1.01 BTC
14.07 LTC
Predictions below
Bitcoin 2014 Price - $3248.00
Litecoin 2014 Price - $139.30
Current holdings
1.01 BTC
14.07 LTC
Posted on 1/3/14 at 3:07 pm to WikiTiger
I'm going to bet about $53.21
Bitcoin is not a currency. What do you buy with bitcoin? You trade it for money. Dollars. Bitcoin is perhaps the most well intention-ed ponzi scheme this decade.
Not to bring Austrian logic in here, but currency has a purpose, and it isn't to buy low, sell high. Once Bitcoins top out at the 21 million or so, everyone is going to sell as fast as they possibly can. If you truly think bitcoin is a currency right now, then you should start looking for other extremely volatile currencies like Argentine or Libyan and short-sell.
Once bitcoin crashes again (and it will, once the supply of buyers meets the limit) it may start to become a real currency.
Bitcoin is not a currency. What do you buy with bitcoin? You trade it for money. Dollars. Bitcoin is perhaps the most well intention-ed ponzi scheme this decade.
Not to bring Austrian logic in here, but currency has a purpose, and it isn't to buy low, sell high. Once Bitcoins top out at the 21 million or so, everyone is going to sell as fast as they possibly can. If you truly think bitcoin is a currency right now, then you should start looking for other extremely volatile currencies like Argentine or Libyan and short-sell.
Once bitcoin crashes again (and it will, once the supply of buyers meets the limit) it may start to become a real currency.
Posted on 1/3/14 at 6:48 pm to WikiTiger
quote:
My prediction
$15.00
Posted on 1/3/14 at 7:26 pm to WikiTiger
quote:
Predict the 12/31/2014 bitcoin price
$190
Posted on 1/9/14 at 9:57 am to WikiTiger
.0002
Posted on 8/27/14 at 4:02 pm to WikiTiger
I'm bumping this bitch in honor of the MB Bitcoin Fanboy and Honorary Horrible Poster, WikiTiger.
As of today, 8/27/14, Bitcoin sits at $515.77.
As of today, 8/27/14, Bitcoin sits at $515.77.
This post was edited on 8/27/14 at 4:05 pm
Posted on 9/28/14 at 12:13 pm to WikiTiger
quote:With just over 3 months to go in the year and with this morning's price of btc at $385, btc is down $430/btc (-53%) since 12/31/13 and is below your 12/31/14 year end prediction by only 93%.
Bitcoin ended 2013 valued at approximately $815.00 on MtGox.
What do you think a bitcoin will be worth at the end of 12/31/2014?
My prediction: $5250.00
Did you allow for a margin of error in your prediction of +/- 95%???
Posted on 1/4/15 at 9:03 am to WikiTiger
Hey, Wiki (We all know you're lurking. You, too, joshie.), your bitcoin portfolio took another hit overnight. It's now down to $260/btc which is a new one year low.
That means btc has lost 68% of its value since you started this thread one year ago. The good news is the Russian rouble lost 79% of its value versus the U.S. dollar in that same time making bitcoin look good as a comparison.
To make another comparison, if the DowJones 30 Industrial Average had lost 68% of its value since 12/31/13 it would be down to 5,305 today. Instead it's at 17,833.
You're a financial genius and a modern day Nostradamus!
I can understand why so many people on the O-T Lounge Board admire your financial acumen and ability to predict the future.
That means btc has lost 68% of its value since you started this thread one year ago. The good news is the Russian rouble lost 79% of its value versus the U.S. dollar in that same time making bitcoin look good as a comparison.
To make another comparison, if the DowJones 30 Industrial Average had lost 68% of its value since 12/31/13 it would be down to 5,305 today. Instead it's at 17,833.
You're a financial genius and a modern day Nostradamus!
I can understand why so many people on the O-T Lounge Board admire your financial acumen and ability to predict the future.
Posted on 1/13/15 at 7:31 pm to WikiTiger
BTC hit $211 this afternoon on the btc-e exchange and $216 on bitstamp which is back up and running after shutting down for a few days.
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