[DLT.]

Do you think BTC will reach $1000 again?

Yes. I'm waiting for it to lower and more than likely buy a ton of bitcoins..

Quick speculation:

It'll go low as $380, then eventually reach its average $550 for a day or two, then spike straight up to $900+.

That's just my prediction. 🤝

[Ortek]

If I spend 500$ on a rig, what sort of profit would I get in a week?

If you spend 500 on a decent scrypt asic, you wont make a decent earning like Crypto says.
You could make a few bucks if you find and select a profitable coin, but that will take time, effort and dedication.

---

Yes. I'm waiting for it to lower and more than likely buy a ton of bitcoins..

Quick speculation:

It'll go low as $380, then eventually reach its average $550 for a day or two, then spike straight up to $900+.

That's just my prediction. 🤝

Thats some wishfull thinking brother, but i dont agree with you. The recent issues and threats with Russia have influenced the btc value a lot. It will even get worse eventhough a lot of vendors and hardware sellers have embraced the btc and accepted it as a payment method it just makes things a bit less worse imo. Eventually it will rise again but not that fast im pretty sure of that ;)

[DLT.]

Thats some wishfull thinking brother, but i dont agree with you. The recent issues and threats with Russia have influenced the btc value a lot. It will even get worse eventhough a lot of vendors and hardware sellers have embraced the btc and accepted it as a payment method it just makes things a bit less worse imo. Eventually it will rise again but not that fast im pretty sure of that ;)

I never stated a date or time with my prediction. 🤝

[Ortek]

I never stated a date or time with my prediction. 🤝

LOL

Lets hope it will be soon, im with you.

[Bull™]

Yes. I'm waiting for it to lower and more than likely buy a ton of bitcoins..

Quick speculation:

It'll go low as $380, then eventually reach its average $550 for a day or two, then spike straight up to $900+.

That's just my prediction. 🤝

Thanks for your kind words :P I am holding ton of btc and waiting for that time when its hit 1000$ again :(

[Purps]

Any advice on which alt coins look promising? I looked a bunch of them up, looked at their history, but I'm more interested in a newish alt-coin that looks promising to be successful and have decent returns in the coming months. Just looking for 2-3 to invest in at the moment.

Also, a user said:

Just know this! BTC's value will raise extremely high once block halving occurs in late 2016 so acccumulate now.

Any truth to this?

[Dorian Nakamoto]

Any advice on which alt coins look promising? I looked a bunch of them up, looked at their history, but I'm more interested in a newish alt-coin that looks promising to be successful and have decent returns in the coming months. Just looking for 2-3 to invest in at the moment.

Also, a user said:
Any truth to this?

The truth to that statement lies in the demand for btc at the time. If the demand is high and the supply reduces it will mean that people will be willing to pay more for the item so that they can accumulate it. Although you also have the issue that before the block halving your bitcoin could become worthless. It is a risky business to be in. But yes i think that when the block halving occurs the price will increase.

A good model for this is below.

[img]http://upload.wikimedia.org/wikipedia/en/archive/9/9e/20050615093816!Economics_supply_shock.png[/img]

[Tor]

How much will this BTC fall go? And most important why is this happening?
Is it because of Russia?

[Rubentastic]

How much will this BTC fall go? And most important why is this happening?
Is it because of Russia?

I'm also wondering why this is happening. I don't see another other reasons but Russia. I want to know when it's a good time to invest again. I sold all my Bitcoins at $480 cause I needed the money on my bank and now it's already down tot $400. I want to invest a few grand when the time is right ..

[Tor]

Good thing , you already have 80 $/ BTC. At 100 BTC this owul be crazy !

[Aceman]

How much will this BTC fall go? And most important why is this happening?
Is it because of Russia?

Nobody can predict where BTC's price will fall to as we are not fortune tellers. There is no algorithm or chart to follow which can predict its price. All we can do is sit and watch.

[DLT.]

Online and ready to help out! Just post away, reasonable questions.

[DLT.]

Online and ready to help anyone with unanswered questions.

[Aceman]

Crypto Miner, do you think that Butterfly Labs being shut down has an impact on the price of the coin? I think it could in that illegitimate competitors are not going to be taking money away from people who would be contributing to mining.

[DLT.]

Crypto Miner, do you think that Butterfly Labs being shut down has an impact on the price of the coin? I think it could in that illegitimate competitors are not going to be taking money away from people who would be contributing to mining.

I can see where you're coming from, i don't see it effecting the price to dramatically but it may cause a few hiccups, nothing to serious.

Now that PayPal is in partnership with BitPay..Bitcoin, looks very promising. Those who didn't panic sell, at $380/lower. Goodjob. 🤝