- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
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 10:13 am to ell_13
$666.00
Posted on 1/2/14 at 10:20 am to OnTheBrink
quote:
ETA: What is your prize for the winner?
1 bitcoin
Posted on 1/2/14 at 10:27 am to C
quote:
Is MtGox the most likely exchange to still be around at the end of the year?
probably not. we may have to do some kind of average based on exchange volume to get the most accurate price
Posted on 1/2/14 at 12:59 pm to WikiTiger
Pfft, I've moved on to Dogecoin.
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 3:51 pm to C
What is that in Magic the Gathering money?
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 3:29 pm to cokebottleag
wiki, please give a cut off date. Suggest the 12th of January
Posted on 1/3/14 at 3:34 pm to C
quote:
wiki, please give a cut off date. Suggest the 12th of January
ok, that sounds good. I will try to remember to bump this every quarter as well so everyone can see how they stand.
Posted on 1/3/14 at 3:36 pm to C
quote:
Thats one of the most overly simplified "year in reviews" i've ever seen outside of a tombstone.
sometimes simple facts can speak volumes
Posted on 1/3/14 at 3:38 pm to cokebottleag
quote:
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.
I mostly lurk the MB, but this is what confuses me about BitCoin. Doesn't seem very stable, why would you want to use that as a "currency"?
Posted on 1/3/14 at 3:47 pm to bamafan425
quote:
I mostly lurk the MB, but this is what confuses me about BitCoin. Doesn't seem very stable, why would you want to use that as a "currency"?
It doesn't have to be stable right now. It's in the hypermonetization stage right now. It won't be stable until it finds its true value, whatever that is.
Bitcoin is also a lot more than just a currency. This is the fatal mistake that most people make when assessing it. Bitcoin is a robust transaction network in which the first application on it is a currency. It can and will eventually be used for other purposes, such as notary, title, escrow and stock exchanges. Most people discount bitcoin without ever truly understanding it. Trust me, this board is a perfect example of it.
This post was edited on 1/3/14 at 3:48 pm
Page 1 of 13
Popular
Back to top
Follow TigerDroppings for LSU Football News