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comment by syzo
syzo  ·  3690 days ago  ·  link  ·    ·  parent  ·  post: What will the price of Bitcoin be one year from today?

Meh. $300. I'm not too optimistic about bitcoin right now.

Also, the 25 -> 12.5 BTC thing doesn't affect the price as much as you'd think. Everyone knows when it'll happen, so the price adjusts accordingly based on what people think the real value is going to be well before it actually happens. If memory serves, if you look at 50 -> 25 you'll see the same thing, but I could be wrong.





mk  ·  3690 days ago  ·  link  ·  

I think that's largely true for speculative demand, but if there is some less-elastic demand from services putting them to use, that probably won't factor in much beforehand.