Wednesday, May 8, 2013

How much can BitCoins raise?

Cyprus Crisis Boosting Unique Currency the Bitcoin


At the moment I write this lines, the value of 1 BitCoin is set at 149€ (or 194 US$). Last Friday, 1 BitCoin worth 106€ (or 138 US$). 

At this stage, appointing a target price to BitCoin is pure speculation! I could say 500€ - or 1000€ - or more - or less. If I had BitCoins I wouldn't think to sell until it reach 5000€. 

  • No one sees an end to the Euro Crisis - there's a new impasse in Portugal, there's rumors of a new bank account tax in Cyprus, and Slovenia is probably the next country in need of financial assistance;
  • Investors (and speculators) turned their sight to BitCoins; 
  • There's a limited number of BitCoins;
  • And, probably the most important, almost no one is selling... 

It's the perfect scenario to guarantee that the price of BitCoins will keep raising on the next months. But in a world where everything change at the speed of light (or at the speed of your internet connection) nothing is sure. 

Anyone risks a target price to BitCoin?

#BTC: 18UtAYMy8zUUanHtkbvv4MUTajA2NoprNB

#LTC: LcgtnX2JDgKZAM4kh4JDsa1h6WVTFPnzXm

6 comments:

  1. I'll bet 10.000€ until the end of 2013...

    ReplyDelete
    Replies
    1. LOL. 10.000€ is too much! 1000€ - 1500€ by the end of 2013! Bitcoins will raise +/- 100€ a month...

      Delete
  2. Read this article: https://medium.com/money-banking/2b5ef79482cb

    ReplyDelete
  3. I'm betting on a maximum of 2500 USD by the middle of the year, than it will fall...

    ReplyDelete