Bitcoin Forum

i think it will be about 100 and stabalize. yes a 40 drop is big but so is a sight that realy did support a lot and give it that extra push.

It will definitely stay down for awhile as this gets mentioned on the news channels. Especially since DPR supposedly paid for a hitman with bitcoins. This kind of press is not good.

I couldn't care less, because it will go up again, like it always does.

People are freaking out, but Silk Road has competitors and another site will take it's place. Probably one not based in the US and not run by a US resident or citizen thus free from being shut down.

I'm thinking something like $90-$110. It seems to like to eventually equalize in there after something bad happens.

woops meant to  say by. like good by bitcoins.

anyways i think your right. but panic selling will get the best of everyone. and it will go to 80 imo. maybe less. ill buy around 60ish.

+1 ya maybe im over projecting the panic of this. but then again some people have proxies in to robo buy at a "low" 120 or a low 110. when people wake up in other parts of the world or when people get home from work. they will be like WFT and then more selling will ensue resulting in more sells and thus the wheel keeps going. i do think 100 is might be good but be careful if it does drop below 100 then we might be in for one hell of a ride. it will bounce back everyone knows that it always bounces back. my point to another person is that sell now. ie-high and buy back in low. simple principles of stock ummmmm k

I think it will recover fast enougth to yesterday levels, maybe just something less.

ide also like to say that the jump from 110 to 125 is a bull trap to the max. please be carefull. im a bull but i know that this is a total bull trap and it will go down to 100 by days end. well i feel strongly that it will. i dont know anything.

86 to 105 on BitStamp in matter of seconds. This is gonna be good!

got one thing right.

100-120 on Bitstamp.

It's restoring fast.

Dead cat bounce. This is far from over.

I think it can go above its previous price. There's resistance. If it recovers after this quick crash it shows that Bitcoin is kinda strong, in the end. And recovers quickly. It means that people want them. Don't forget, they're scarce. :-)

Once people get this it'll be more valuable than before this SR history..

sure hope so.

damn i was wrong about it dropping from 140. oh haha it did drop hard....


ya your right that bounce up to 128 was stable....oh whats that? its not climbing above and now dropping hard again to 117? oh haha damn i was right about that too?

well lets see it is fun to highlight other peoples words and point out things that they all ready said...... you got that going for ya. make fun of them even though they all ready said it. yay fun with words and now we are all dumber for your contribution!!! +1 buddy.... +1.

Probably $10-15 less than what they were before the news.

http://cryptolife.net/silk-road-takedown-bitcoin-great-buy-right-now/

This is totally unexpected, I thought the price should skyrocketing following the news, since all the drug dealers now have to convert all their stash in bitcoins. Cash out to dollar make them a easy target of confiscation  :o

I agree on the dead cat bounce, it hasn't even been 24 hours yet. While the shutdown of SR should have a small effect on the price of bitcoin, markets are irrational, especially a market so highly speculative of future integration. The emotions are flying right now. This is the most interesting and wild market I've ever been involved in. I love it!

Price in a week: No idea. Just like everybody else.

So by "good buy bitcoins, its done" do you mean "Bitcoins are a good buy, the crash is done" or "good bye bitcoin, Bitcoin is dead"?

good buy ofcource! ;)
http://wassupblog.com/wp-content/uploads/2012/05/stock-market-buy-sell-cartoon.png

I think we will end up around $85 by Monday. (quote this post then  ;))

i saw it as low as $89USD and its already back up to almost $110 :) just a hiccup in the greater story of BTC

I quote it now...

I don't really know the real traffic of Silk Road, but it will affect the price. Might not be as soon as monday though, money transfers are slow...

BOOYAH, ITS MONDAY MUTHAFUCKA

Buy before we go over $145 on Gox.  After that..too late..you've fcked.  Straight to $210 and never going back.

Many people don't understand that the SR shut down was only the catalyst of the crash.
The market was primed for the crash, which was Elliot wave A. Now we are in the fake return to bull market (wave B).
If the Gox market sticks to its memory, we should see a drop to the 115$ - 120$ range, followed by a rise to 135$ - 140$.
And then, of course, we'll start capitulation.  ;D 

wow that's not a teddy bear in your avatar is it.