Bitcoin Forum

I think it will hold its ground around there and make a gradual move up for the next 5-6 months, then it will start to spike around September-October.

Probably. Buy support was pretty strong there last Friday. If it breaks 350 I'll be buying several coins.

I've put my buys around $310.

This is a bear trap IMO.

I think when all the "bitcoin is dying" and blocksize/hardfork negative press and FUD is over we are going to see new highs. For now while all this turmoil is happening if it stays above say $250 I'll be happy. If it makes a new low then I will start to worry.

That's not going to happen. Look at the bigger picture.
Look at 1W. TA is simple on bigger TFs.

I call that $350 will be broken. Prepare.

It will flash dump into the $200's if a 2MB hard fork occurs, but Bitcoin will be better off in the long run afterwards from it and see a huge pump/money making opportunity once fork is completed.

Well.  That is one thing I did not factor in.  A hard fork is a bit of a black swan.  But, it is inevitable.  So, that would throw a wrench into my prediction.

Definitely possible. Get some fiat ready. Could be the last chance ever for coins that cheap.

Yep...I like $310, although I never did get my entry on this short trade (instead, I tried to play Long bounces, and got burned by the mkt once again):


https://www.tradingview.com/chart/BTCUSD/TivbFXdk-Short-Trade-Location-Hits/


One guy I know however, and who I rate very highly, reckons $280 -$290.


Whole lotta people are gonna be shitting their pants.

If we can't make a move above 400 soon (which I don't think we will) then it's very possible that we'll fall to lower than 350, or even sub-300 before something sparks another rally.  All the bad press is just coming down on us and the market can't take it, nevermind the whales using it to their advantage


http://puu.sh/mFJky/c3906d0473.png

Less possibilities because the value is trying to get stabilized at the range of 380$. Why I say this is during few days back while it fall in value the same scenario took place.

I also think the bottom is at $350. I just hope we won't go down too much the comming days/weeks. It took us a long time to build up this price, but it just takes a few days to lose all progress that we made.

I thought we were past this whole turbulence section but we are still in the middle of it. Very surprised to see the price back at below $400 after we bounced back to $425 just a couple of days ago. I agree support is strong at $350 but if articles and negative opinions continue to pile up I won't be so sure where the price will end up. I'm sure Bitcoin will recover eventually to close out the year around $500-600 if not more.

It's not due to the articles as much as it is that the possibility of hard fork is still real.  Higher block size is objectively better for higher market cap as long as the block size doesn't reduce decentralization beyond what pools already do, but it will temporarily flash crash price until after it's over.

TLDR:  2-8MB Blocks good for long term price, bad for short term price.

Im reading your comments and I see we need to prepare for some hell of a ride. Like someone above me said " lotta people are gonna be shitting their pants."  Well anyway I`m keeping my coins for after halving for sure. This ups and downs are just normal thing for bitcoin as we can see.

I am afraid that the bottom is somewhere closer to $300 instead of $350.

350 is the bottom like 150 was the bottom, or 200, if you don't want to consider that dump to 156 on one exchange when we were at 2xx range

by the end of this year range 500-1k is easily approachable, with a peak of 1k-2k range, supposedly...

we all think we know where the bottom is, but in fact, we don't know how low the price will go when the panic starts to pick up again. so far it seems to be $350-$360, but it all can be dumped down if a whale wants to.

It aint the whales that were tricked into piling into $400+ Bitcoin just two days ago, only to see not a dramatic surge up towards $500, but a rapid pullback to $30 beneath where the majority of Joe Retail bought in. Selling pressure in Bitcoin is here in abundance at the moment. Whales will nudge Bitcoin gently back up, and see if retail wants to take her much further, before they boot the bucket back over, and send her back down, below $350, at which point the majority of the retail holders will capitulate, and start selling their BTC at firesale prices to the whales waiting down below.

This is how this market works these days. BTC is cornered to fuck and controlled by the Chinese BTC Cabals. It is their cash cow, and the market action that you are seeing, has nothing to do with anything, other than whales ripping the arse out of the market, in order to to extract max profits from it, as Chinese New Year approaches on the 8th.

after price hit more than $400 2 days ago, still have a chance price down to below $350 maybe in the end of this month. i see now trader is try make price down

This kind of thinking is what makes people lose money trading.

yep.

https://www.tradingview.com/x/EkUMJIJB/

I am quite sure that if we are heading towards $350 again that it will not hold as there is too much selling pressure on the market.

nope we might come to 380 and that is all we gonna hold here around 400 for another month no need to get worried

Yes 350 to 380 looking now like bottom for now!
But who knows for sure, we here just speculate?
This is good price for start!

If enough people go Long here, and place Stops below $380, you can be sure BTC will pierce right through $380. If enough Long Stops are down at $350. You can be sure that BTC will pierce right through that level as well.

BTC is Chinese Cowyboy Cashcow and nothing else. They don't want the public getting in on their action at the base of moves, they want the public buying/selling into momentum which they engineer into market, on a FOMO basis.

I still like $320 Bitcoin......but because I would be looking to go Long right there, just no doubt thousands of other technical based traders would also be looking to go Long there, with Stops all being placed down below $300, probably BTC will ultimately go to $290, before taking off again. Wipe every fucker out, then take off out some 'bearish' consolidation triangle making bTC seem like it is going to tank even futher wiping out a lot of Short Stops in the process.

Fair enough.
Although bitcoin is a chinese cashcow, things will change if more western investors step in.
I am sure they will rescape the market into their profit.

BTC is limited supply. Chinese Bitcoin Cowboys already holding a serious amount of those. Nobody knows for sure how much, but enough to control market at this current point in time. If anyone doesn't think that BTC is controlled from China, then they just aint been apying attention. BTC cowboys no doubt Bought loads on crash down, buy loads from Chinese Miners or perhaps 'they' are the Chinese Miners? China is where the majority of BTC is mined today.

Wealthly Chinese have a motivation invest heavily into BTC that western capital lacks......Capital Flight......and this won't be Chinese investors en masse...this will be a tiny Cabal of Chinese BTCers that are slapping this mkt around like a bitch.

Nah the price price can go down much more.
Remember we were at 250 just 3 months ago.
Expect some real downfall if the price falls again.

well thinking that 350 is not the bottom would put us on the unknown terriroty of <350, which would be only a panic selling road, thus making everyone losing even more money

you need some limit on which you say "above or under that i'm not gonna sell because it will recover quickly"

The bottom is around 300 dollars. However i've seen the price is going up again which means we don't see the bottom at all
Which makes me quite happy.

Panic Selling Territory for many (which is why we WILL go below $350).......totally expected 'business as usual' healthy correction for others. Depends on whether you are Dumb Money, or Smart Money.

https://www.tradingview.com/x/8IOHxY6S/

Don't be panic the bitcoin value goes that low. Over the coming days the value won't reach less than 350$. The border 350$ can be considered to be the lowest bottom value of bitcoin.

waiting to see whether it will break the 380 resistance ,if it breaks the second resistance of 360 then only u can see a rally to 320 , but looks like its good resistance at 380 at the moment. i hope to see movement from 380 to 420 for some time i guess, lets see

You may never know what can be the minimum.
Because it is very unpredictable maybe it will even only grow.

I think it will be at the bottom of $325, I think it will not be lower as that, it may be a good opportunity to buy cheap bitcoins.
Because I think it will rise again.

The bottom will be $300, the bitcoin will go down but just for a moment and than it will rise to a high amount. It will be more popular so I think we just have to wait until it will be low and than it will get high in the future.

For the first period can be told only words. Nothing else. Maybe Gavin Andresen may make another "speech" like the "speech" of Mike Hearn after a couple of months and this action for sure will affect again the price of bitcoin again for some time. So no one know what will happen and first of all no one can know the humor of bitcoin itself during all the next 6 months. If it become angry who knows what may do. ;) As for the second part of prediction there are big probability (because exist the cause) to be verified. But I think even faster than September-October. Anyhow lets wait and for sure will see.

Even the worst FUD can't put back Bitcoin under 350$ so I think this place is already a new bottom. I'm buying regularly under 400$ already, when we see 360-370$ I'll buy more. These are great opportunities before block halving.

Well i think the price is nearly to 350 but i think it will true not on 5 or 6 months but i think sooner or later or this february the price will dump back to 350. if the price reach 368 this is the sign that the price will dump again below 360..
But even it will happen i will still holding my coins because if i sell it i lose some of my coins in exchanger...

Currently yeah, that is the bottom, but it is just too long if you think for the next 5-6 months, i think by February or March the bottom will be $400+

We haven't seen the bottom at all. It could be the real bottom is still somewhere at 200 dollar. I don't hope it but it could be.
Maybe it was a pump after all...

It can. If Mike Hearn can create so much panic with his trash talk, then an other prominent Bitcoiner can make things even worse and make the price sink lower than the $350 that we previously almost touched. Everything is possible and the panic noobs will never change. These guys are way to desperate.

This section of bitcointalk should be called Wild Guessing instead of Speculation--I think it'd be more accurate.  But seriously OP, you pulled that number out of your ass.  I could just as well say that $391.7 (bitcoin price as I write this) is the bottom +/- $2.00.  And I'd have no basis for saying so.

I'm hoping for a price increase and I'm buying bitcoin in anticipation of this.  That's honest and accurate.

Might be that bottom is already in

Well it seems that it dropped again almost 10$ from 400$ to 390$. It's a bit more unstable than I'd like it to be.

Thats fair its based on todays start of market, So it can't be predicted a small drop makes it unstable. The value is quiet in its increasing path with little fluctuations which is essential for a growth in value. Now I think $370 seems to be the bottom value

I think $300 will be the bottom, from there it goes high again to a high amount, bitcoin has a great future but the only thing is, its very unstable nowadays.

In my opinion, we can not call $350 as the bottom because if some kind of bad news appears like what happen two weeks ago, a lot of people will sell their coins cheaper and the price will reach lower prices. so I think we can not know the bottom unless the block debate ends

It could be dropping since there's no positive news to push it up and the whales could be waiting for the consensus before they put in more funds to push the market price. The ones who bought it last $360 are one by one doing their sell orders that's why there's a gradual decrease in price.

We have had plenty of positive news in 2015 but the effect on the price was next to nothing. Right now it's purely the block halving that is driving the price. We just have to wait for the Chinese pumpers on OKCoin and Huobi to start the action.

The bottom price will be around 300 dollars. From there it will rise again to a high amount.
In my opinion this will happen soon.
We will of course still have the halving first, I think it will hit a high amount and than gets lower by time and higher again.

Drop to 300$? I really doubt it. I can't imagine what should happen that the value would drop so low.

We have seen what panic sellers can do with the price several times before already. If there is some bad hacking news with an exchange as big as bitfinex, then it can get the price even lower than $300.

Before running up, it was stable at around ~230, so it wouldn't be a surprise if it drops to 300. The only thing im certain of is that possible drops
this year wont last long. (the longer you build up pressure, the stronger the bang you get, i guess)

I really think the price will go lower to 300 dollars. You've seen bitmaintech selling their stuff against 'bargain prices'
Which means their pump is over.

Don't ever compare it with such stuff, which is in the unknown state. Bitcoin is progressing with a unique technology which make competitors difficult to get adopt to the tech. The statement is really true at any point bitcoin won't go down the price of 350$

Good thing that the community thinks highly of bitcoin, that way even if we reached $300 mark surely there will be a lot of buy orders and that will bring the price back up.

I could see a flash crash to low 300's, possibly upper 200's, once a solution to the block size problem is announced. People will panic sell for sure. I'm waiting for something like this to load up on coins.

it cannot, simply because the diff rised by a lot, since we were at 300, people tend to forget that miners need their reward. and must remain the same

so if there is the halving, the value must increase, if the diff increase(because the value increased before the halving) the value must increase again, etc...

You can not set a limit on the minimum price. It's all unpredictable.
But I think the price will rise instead of fall.

But we can never predict.

I think it the bottom will be $350 not lower as $350.
After the halving the price will be increasing to a high number that's sure.
But one thing for sure the bitcoin will raise again to a likely high number.

I really don't think it will reach 350$, not even saying anything about 300$. It would be absurd.

We're retesting 350$ soon, now we tested 370$ and it worked. I hope we test 350$ in February then we get a new bull market. I can't make enough money from bear markets.

Why? Do you believe that it is impossible that miners lose money?

I don't know, I think it will be at the bottom at 350$ its very difficult of course because the market is unpredictable. I think we just have to wait and see the price will fall.

yes, they will shut down their miners instead, and making the network unsecure, which will lead eventually to the died of bitcoin, which i find more possible than thinking that miners will sit there mining at loss, especially greedy chinese farm that are mining only for profit...

the price will not drop that much most probably because people see that bitcoin is actually not failing so they will most probably start buying bitcoin

Seems really weird right now. I would think the price would be rising, but it is sub 380 again

it will surely be the bottom, the price will not drop any more and then it will start going up as soon as possible

Many people expected the price to rise in this new year but they get disappointed because the price isn't moving much. I think it's mainly the fact that people have high expectations as the rise at the end of 2015 made them over-optimistic. This price allows people to accumulate some more coins as a lot people are buying Bitcoin with a fixed amount of money each month. Me as example ; I buy $100 worth of Bitcoin each month. As long as the price remains fairly low as it is now, my $100 will get me a stable amount of coins each month.

Just take the market analysis of last three months you will realize that the bottom is $350 and there is not much possibility of going below that. I think Bitcoin will set a new benchmark soon

price is start dropping and i see we can back to $350, for me the new bottom or not. it will not a problem if i still can get a profit.

I suspect we will fall much bigger then 350.
With some real panic selling we could touch 280 or even lower. Let's see what will happen.

Well with the replies about it possibly reaching a low level we're not really helping the general view of how the price will go. Panic sellers could be influenced by the posts, so I'll go ahead and say:

We're not going to decline very much - we can be stable!

If $350 is the new bottom now, then the price this weekend will test breaking it down
and this testing starts today as the price reached $360 levels today

ya i feel like 350 is a fair valuation for bitcoin currently and i expect it to increase before the halfing but i dont think itll rise as much before that happens.

a couple months before the halfing it should rise a TON.

I guess not, but if it means, it could worsen the bitcoin prices in the future, I think this is only temporary if the price decreases bitcoin at $ 350 and above, and the price will definitely go back to $ 400 again  :)

I think $350 will be the new bottom as well. I don't think and I hope it won't go back down below this value.
We'll all need to wait and see what will happen next month and see what will happen exactly with bitcoin.

i am waiting for the spike to come, i am hodling alot of bitcoin :)

In one way or more way every user of getting profit even when the price is fallen. This time it won't matter me even if the price goes below the calculated value of 350$, because I believe sure the price will rise within months

the bottom was already at $350 and this time will not be different. if it does happen to go below $350, then we can see the price come very close to $320. i surely hope this will not happen.

My calculation is also the same that Bitcoins last crash support will be near $320 if that crossed then panic selling and we can see the price $250 very soon, if the support picks near the last bottom then we can see the bounce back to $450 and in the mean time if any good news follows we can see more 10 - 20 % more jump.

I'm thinking that $350 is the bottom as well. The price can only go up right now unless someone adjusts the price artificially. Hopefully no whales screw us over! I'm sure though that the price will go up in the coming months.

yeah the price might drop a little bit still but pretty soon the price will start going up and we will surely see a price increase

$350 will be the worst case scenario in my opinion. I really don't think it will go lower than that.

nah the price will not drop so low, even though now it is not going up right now and its slightly dropping i think it wont take long to recover

Not too long as June/July are expected to be the most drastic months we will ever face in the history of BTC that will become history soon...
About recovery, it will recover to at least the levels where it was these days, I mean $420 and will be stable there for a longer duration...

I don't think the new botton is 350. It makes more sense we will see the price going back to 300 dollar.
This is a more logical new bottom for bitcoin.

I think the price will not reach 300 levels. Because the support point of 350 is still strong. But if some negative news appears, maybe the price will see 200: 300 level again

actually i do not expect $350 as the new bottom but seems the price look unstable even several days ago the price down to $36x and this time i do agree with you probably we will see the price down to $350

the price will not fall to such low figure in my opinion, we will have to wait a little bit for the next rise but it will surely happen soon

Somewhere next week we will see the price at +$400 again, no worries.

yep, thats right, the price will start significantly growing this month, i think that its possible to reach new heights pretty soon

I think 350 dollar will be the bottom as well, its of course always difficult to say.
But if we reached the 350 it will go fast.
I think after that point the bitcoin will rise as fast as a rocket.

I think this is pushing it imo, i would raise that bet a couple dollars just to be safe, imagine that it goes to $320 instead of $310 and you are left behind. I would not try to risk a good position for the moon that we are headed at in the next 6 months.

I agree that the bottom will be around 350 dollars. It has even stayed above 360 and does not seem likely to go lower than 350 unless there is some new FUD or negative news (which can be, but is a little unpredictable).

The way things have been going lately I think it may test $350.00 - after that when it decides to spike it might be significant.

Why do you say that "June/July are expected to be the most drastic months"? Please argument. I'm curious as to why you believe that will happen.

Indeed it will test 350 dollar but it will not get lower as that, its of course a prediction so we will see. I think it will be at 350 dollar and than rises to a high amount, the bitcoin has a good future a head so it would be no problem for the bitcoin itself.

I too do not see any reasons for bitcoin to fall more. The global situations are more supportive for alternate investments like bitcoin and gold may enter into uptrend at any time.

350 dollar will be the bottom, it will not go lower as that.
I think it will only hit the 350 dollar for a second and than rise.
It will rise again to a high amount after the hit of 350 dollar.

in my opinion
the new bottom line (today) is $365 in this week the price will be stable at $370-$385
and next week the bottom line is $375 and the price will be stable at $385-$400

no that is the current value, you can no say that is the bottom only because it has not gone below that, it's obvious that it will not go below that, because we need margin between the real bottom and current price

correct. i still see the $350 price level as the "real" bottom for now. and as long as we don't go below that price level, it is and will be the bottom. if we do go below that price level, then i can see the price come very close to $300. i just hope it won't happen as it will take a long time before we build up the price again.

It will go sub $300. Blocks are increasing, divisions and fractures between devs will reach breaking point just as the halving approaches.

This is probably the best time there has ever been to hedge in Alts and come back when the hard fork has happened.

does not seem to be below. I estimate 1-2 months before the block halving bitcoin can the price even higher.

It is obvious we have a bottom here..450 will be next big step.
I don't see dump and we surely then going up..
It is not wise to create 800$ before halving, so that why we are now here at 380$..

The bottom is actually zero so saying $370+ is obviously the bottom is not right. I have heard the bottom is every number you can think of from $1200 to $220 every time proves people who are not in the know just don't know. It is good to guess but lets let it be know it is a guess and not sound like a sure thing as anything can happen.

There will be dumps before the halving if the dramas are not sorted so the bottom is pretty much impossible to guess.

350 dollar will be the bottom for the bitcoin, its highly unlikely the bitcoin will fall even more. Its always a predict so you don't know what will happen, also the halving is coming so that's good.

It may, but it also may go to 300$ or even less, or it may grow to 400$ again, they're not stable yet, so we can't know bitcoins future

No, i don't think so, i think that, well, 400$ will be bottom soon since it will rise once again soon

This doesn't make any sense as on what basis are you talking that BTC is to reach $300 or less???
$385 is the current Support 3, $400 is S2 and $420 is S1, it is currently playing near S3...
Why people talk dumps about BTC when they don't know what's going on in the markets???
BTC already saw its lows for this year I guess, so don't expect it to go down furthermore...

We just reached the $400 price level and you already think that $400 will be the new bottom. China right now shows $417 to be their exchange price, but for some reason the non-Chinese exchanges refuse to follow. There is either very little to no intention to buy at this point, or it will take a little bit longer to come closer to China.

the price will not fall at such low numbers, i hope that it will only rise

The bottom is around $350, today i've seen the price is going up again but it will not for long time and the price will fall again.

We may end up bottoming out again in the 375 area, but I don't think we'll be going any lower at this point.  If we manage to break through the resistance at 440 then we're clear for a bubble back up to 500, possibly going much higher.  Long-term we're still in a downtrend since the beginning of the year, but I think this is a good chance to change that.

http://puu.sh/n8Acc/fe43877697.png

This time it won't happen to fall in a short term. Its expected that the bottom price might be around $375 if the current price decreases below the $400 by the coming days

I must quote this is most precise answer yet!
And i agree we will stay here with sporadic PnD, we won't go much up before "MAJOR  EVENT".

The coming days the price will stay close to the 400 dollar, I'm pretty sure about that and the bottom price will be at 350 dollar because it can go fast.
I think we just need to see what happens, it will stay at the 400 dollar in my prediction.

I guess it's true, this time bitcoin never dropped the price $ 350, but he just dropped in price 370-390 $, even now bitcoin increased to $ 400 may be a first step into the high price of bitcoin

We can probably see one another great dump, before or after halving..
After halving, dump will occur after pump so damaged won't be so destructive.
Example - pump to 800 and dump to 500$ with correction to 600$ is very good!
In other case dump from 500$ before could bring us to 300$..

If people will panic then it will drop even more, but,  well halving will rise price slightly, so i think bottom will be higher

Yes it is possible if there'll be another major negative news that will sprout out of the woods. But it will come back up right after especially now that people are awaiting for the halving so everyone is trying to increase their bitcoin holdings.

I expect the block halving to bring us plenty of volatility where speculators will be driving up the price to very high levels. I think it will stay below $1000 but it will definitely touch $600 just before the block halving.

We all hope that it will be the bottom. But you can never expect what is going to happen, because bitcoin is a currency.
I hope later that it will be more worth later. And that we all can sell it later with more profit.

The $350 will be the bottom for the long term. Even if the price drops below it, it is be a very short period.

Yeah i think the new stable low is around 350 dollar.
This can even go to 300 dollar. Because there i real buy support from where i think the price will not go lower.

Its very difficult to believe that it would go lower to $300 but $350 is quiet possible after the halving, but lets see what halving offers us, if price goes that low, I would surely buy some more coins.

From now on, the $300-350 will be the bottom. They were tested many times before and were not breached.

Yes, it is hard to think it will go lower than those numbers. Some major bad news or other catastrophe should happen in order to bring it down that.

350 can be the bottom, but it won't. I think the real support can be found in the 300 dollar region.
But we will see when the real pump is over. Then the market will find a new low.

I would add a horizontal line at $350 that is more less 2 months long on this chart to further show how much support we have between $380 and $350. I doubt however any further test of these support lines  in the mid-term, as we just confirmed and established another higher support (previously resistance) at $415. $415 needs to be broken first in order to open the way to $380.

$350 is still the bottom for this year, and I think it will stay like this for the comming years unless some really bad news pops up. But what can be worse than all the stuff we have already seen? Not much I guess.

$350 looks really rock solid and we shouldn't get any lower, at least in the middle term. This support was already tested three times and withstand the rain of pretty bad news. The further we go, the better it looks on the charts.

This can be a new low. If you look at the pats months the price went steady around this price which makes a realstic to say till there and not any more down futher.
However there is no guarantee.

It would be good if that is the bottom. And you can now see that the value is rising very slowly and that is good.
That is especially good for those who made investment. Than they will get some profit later.

$350 has been tested many times and it was not broken in the several occasions. So the price will rise from there.

I hope 350$ was really the bottom. We are going down again and I'm very scared to see sub-400's again.

keep calm if price down to sub $400, we will get support many people waiting price goes down to buy bitcoin in the cheap price

We should start slowing down this descent at around $380s. $350 should once again provide the support.

Well there is still enough buy support at 380 and yes it is good to have more support at 350. But it shouldn't come to that.
My guess it will go to380 and then bounce back to 420 dollar

The new bitcoin low is around the 350, maybe even around the 320 mark. Which means we had a good time the last months.
Coming form 200 to 350 is almost double.

the current price has been under $400, I hope it does not touch $350 and soon bounce back.

The price already bounced back. It seems to me the dump was temporary and investors seem to fit 400 more then a good price.
It's good to see to have a stable low at 400

I'd rather have a stable $400 than a bubbled $450 to be honest, and I think that might be the better choice right now. If we can get any sort of stability I'd view that as an achievement.

450 is not a real bubble. 500 dollars sounds more like a bubble to me. But yes a stable 440 price would be best.
I could live with it if the price stays there for a year or so.

yep, I agree. There should be enough keen buyers at $380s. $350 is the last resort support and has been rock solid so far. If it comes to another test, it should provide support once again.

Looks like I managed to get myself a very nice position in the market as I bought 1 BTC at $385. There is still a chance to see the price come back down more as it seems that people don't really know what to do. At least I am prepared for it with fiat ready to be used.

I have a high hope that the price will reach upto $439 until the next block halving.

After that it will start declining and the network jamming will also start soon since majority of small scale miners will stop their mining activities due to low reward.

So my speculation is that the price will reach near $350 at the end of this December for sure.

Why do you think that if small miners stopp, bitcoin price will go down ?
I do not think that would happen, because if some miners stop mining, there will be always other miners who will continue because they have cheap power in their countries. and even if the overall number of miners declined, then the difficulty will be adjusted and there will be no problem with fining blocks

small miners may leave, yes. that's not really a problem. the larger mining farms have a minimum of 25% of spare hashpower to activate. if the difficulty drops, these farms will simply turn on the extra capacity that they have. and then the difficulty will go up again. no problems here.

I wouldn't be surprised with such scenario. First of all, because almost everybody in here is expecting at least $800-1000, just because of halving. The reality is, we shouldn't see more than $500-600 with the halving alone, and thus many can get disappointed and start dumping. That may provide incentive for further selling and thus we may be able to revisit $350 at the end of the year.

350 is the new low. I've seen the price go down a  few times. But it did not pass the 350 mark.
Which means it's a low with some good buy support.

We'll see about that in a few weeks. I expect it to drop down by at least $50 when its dumped later on

$350 has been a solid bottom since the last November pump. That is already something, and as mentioned it has been tested as a support twice or three times already, with relatively negative set of news (Mike leaving Bitcoin for good, Cryptsy going out of business, etc.). therefore I think, at least until halving we should hold $350 as a bottom. Later on, with the disappointment with price action on halving, the situation may change, and I don't exclude sub-$350 prices.

Well the price did sail for weeks around the 320 border. Which is a pretty good low for me. From 200 to 250 to 320.
This is what i can call steady progress. Let's see and find out if the new support is 400 dollar.

Yes, I also think $350 is a probably limit (psychological), although it would not be rare to see even a potential drop toward $300 lows, although it seems unlikely. However I think this current range seems very strong ($350-450) and only a great event could lead bitcoin to break this range.

Anyone use poloniex's margin trading? I'm feeling risky this year  ;)

Im trade at poloniex but Iam never use margin trading feature. someday in 2015 im use margin trader at Huobi, earn 0.1/day but after 1week i lost all of my bitcoin, arround 1.7 , leverage/margin trading is good for stable price, but if hard dump/hard pump come yuou will lose your money.

We all hope that it will be the bottom. But you can never know what will happen. We all hope that it will rise for a long time.
And that will be pretty good for those people who already has made an investment. And I hope also that more people are going to use Bitcoin.

Yes 350$ is a good bottom And I really believe, the downtrend is over now.
And the halving is coming so it is looking good again for Bitcoin.

With ethereum working with microsoft it is going to reach more people.
And I think that is why Bitcoin will be used more this year!

Bitcoin was getting within $350 - $385 for a long time and started growing from it and crossed $400 in a short term. Of this reason expect $350 to be the low bottom.

We all hope that it will be the bottom for Bitcoin. But it is very hard to predict a currency and that is the problem. You will never know what will happen.
But we all hope of course that the value will rise for a long time so we can sell it with a huge profit later in the future.

Well everybody who has a minimal amount of bitcoin is waiting for the price hike to come but with the current problem on devs and stuff we will just have to wait for some good news of progress.

That will be good if that will be the bottom. There is a possibility indeed that it also can be lower. And the price is now a bit stable so that is quite good.
The value is going higher now in the future and that is very good, for those who already made an investment.

You will never know what will happen in the future. But we all hope that it will not going down, that will be bad.
But we all hope that it will be more worth and that we can sell it with profit and that will be good.

After a few months since the OP, the lower bound of the price is $400 now. The price is floating above it for some time.

I think the price will be $400 this month and it will be $450 in April. Then it will go above $500 in May.

Indeed 350 is very low for the bottom, I hope that only 400 will be the bottom for Bitcoin, so it will not fall down that much.
You can also see that the value is now a bit stable so that is quite okay for Bitcoin, but we are of course waiting for a price increase.

Bitcoin might go down till $385. The reason is bitcoin has got circulated around $385 for a long time.

even if the price goes below $400, that is going to be extremely temporary.

so it might go down because of a dump in order to create a chance for buying more by traders but it will come back up fast.

Well it turns out OP was right. If you do a zoom out in Bitcoinwisdom.com you will see that the bottom was around that range, and we have been far out of that price since then. It's safe to say we are not going to see anything near 350$ again.

Exactly, the bottom price for the near future will be around $350. After the halving, the bottom will be $400 or more.

But I don't think that the bottom of it will be $400 or $350, the time a day before halving the price will be reached to about $550 or $600, and after that when halving occur the price will cross about $800 or iff we were lucky then it will reach to or will cross $1000, and after that everyone will have to use it for some normal use as I am seeing, and so it will not come back much faster.

Yeah I don't think that bitcoin will go below $400 even after the halving as the price is rising slowly now so we can expect higher price even after the halving.

But there's a possibility that the price will crash again back below $400 we dont know what will happen after halving maybe instead the price is slowly increasing the price will slow decrease..

At this point we still may see the price fall below $400 as the current price of $419 most likely won't survive a good dump. If after the block halving the price goes up to around $550-$600 the probability of seeing the price go sub $400 is getting smaller and smaller. Only time will tell.

I believe KennyR is right.  It doesn't necessarily have to happen, but I do think we will see the price below $400 one last time.  One more big dump just to shake out the weak hands.  $385 is a good guess for where it will end up after it gets whacked down.  That would be my buy target, if I was to buy more.  But, if I didn't currently own any bitcoins, I would't wait and would just buy now to be safe.  Because a $35 difference isn't that much.
My next big prediction is that we will never see $350 bitcoins ever again.  Just as we will never see $70 bitcoins again and haven't since the last meteoric rise.  I think we are on the verge of the next big move up.  We will stay steadily climbing higher until $450-470.  Then right before/during/or right after the reward halving we will get the knock down on the price as an attempt to scare everyone out of their positions.  It will work on a few, but for the ones who have been around for a while, we will just HODL and yawn.  This knock down will not last long, and will be the last opportunity for cheap coins before the moonshot.

Yeah it is around this amount for a while now. I hope that it can go down a bit so that I and other people can buy some Bitcoins. If the price goes up not many poeple will be able to buy Bitcoins.

Yeah, $350 is the new bottom right now..Buy time at above $350 is over,.. The price is just circling around $400...So everyone should take advantage of the price now as we are expecting a more upward movement of the price...We should buy now if we can as we are only 2 months to halving...

The price is mainly above the $400 level. So the $400 number could be the bottom price in the near future.

we will only figure out whether the $400 price level is the bottom or not once there is a dump pushing the price very close to the $400 level. then we can say that the bottom for now is $400. otherwise the previous low of below $400 is still the real bottom.

That is right. We need something like this: the price was pumped to $470, then it drops a lot, but still higher than $400.

Things have not changed much in the last two months. $350 is the mid-term bottom, but we also didn't leave in the rear mirror for good. There is simply not enough reasons to move in other direction than sideways and thus any calls about $400 becoming new bottom are too early.

$350 never again? Well, let me disagree. While I see $350 as good and solid mid-term support I wouldn't say it can't be breached. The same way we had $2xx price after going to ath, we may also see people disappointed with the 'halving effect' dumping in mass and pushing the price lower, where 'theoretically' it shouldn't ever be. Bear in mind that after this halving 75% of all coins will be already mined. That means there are enough coins in circulation to push the price arbitrary low.

The price has bumped to $470 as quoted by the mate during the end of last year with a hope to reach $500 but fortunately it didn't reached. That $500 will be reached soon.

What is soon to you? one day? one week? two months?
$500 won't be reached that easily, and once we get there expect many people taking profits.

Yes, undoubtedly it seems an interesting support level but I can see a more likely bullish scenario because of the current stability of the bitcoin price and the interesting events to come. I think the price hardly will touch the $370 level again during the next months.

As the halving is going to take place in a two or three months time, it has a probability to reach $500 by the middle of the ongoing year.

It can be good if that will be the bottom, but everyone hopes that it wont reach the bottom and that it will rise only in the future so they can have some profit with Bitcoin.
The value is now stable around this time, and as you can see now you see that the halving is also coming but the most are even thinking that it will not rise after the halving.

I think the price will rise after the halving. But we do not know how high the price will be. It could be $800.

No mate sure the price will rise after halving, the price has started increasing from the stable value which is all because of halving and we hope this increase in bitcoin value continues.

Yes we cant be down in value now, you already can see that the value is now good stable so it wont be reduce or rise in a long time and that is also bad for people who are waiting.
There are a lot of people that is waiting for a good price increase so they can sell it later with a huge profit, but that will only happen after some 2 years I think.

And I think the hardly will be able to touch the $400 again within the next month, now it will continue to increase rapidly and at the halving the price will increase to double the current value.

That is what I thought. The price could be around $800 just after the halving. It might rise higher later in the year.

If your observation window is as long as your history in this forum, then yes, the price of Bitcoin can only go up. Fireworks.
However, if take any longer perspective, then the story is not so bright any more. Rewind to the beginning of 2014 and check what happened since then.

But I think from the time you posted the above quoted comment, the price will reach to %500 within only a week or two weeks, as not the price increase has been started and will increase more with fastest speed.

Well, we only moved to $430 for now, I would expect any rally to stall by $450. Let's see the price action once we get there. I repeat, I don't expect $500 to be reached so easily, and the closer we get the more sell orders will pop up.

Well,i dont think there will be many sell or that will be coming soon since havling is only a month away from us and user are now getting wiser on not to sell and just wait for the halving to increase the price.

Halving is about three months away. That in Bitcoin terms is a whole era. I would be very careful before saying something definitely won't happen. Usually markets goes against the majority.

Yeah because the market will be manipulated by whales after the halving because they have so much bitcoin and a user with less bitcoin will just ride the waves that the whales create.

actually regular users with small amounts of bitcoin will most likely give in the hype and FUD and will sell mid way to the top and miss out the real price rise.

We are heading to the halving time now. Prices won't fall till then

How big will be the pump this time?

After initial pump we could see one good dump, caused only by panic and FUD.This was seen many times and we could say this is normal thing with bitcoin, and others crypto coins. So i can't say wont go under 350$ or won't hit 1k$, but i can say this will be very fun ride!

Lower than a lot people here are expecting. My guess is the price will get pushed towards $500-$550 before the halving. Can't see it go much higher than that.

I guess the new low is still 300 dollar., maybe even 320, but by far not 350. Apart from a lack of buy support in the range i expect a sudden down the next coming weeks.
Just before the halving offcourse, so people will buy in hoping for a price rise.

That is my point as well. The market will go its own way against the majority. it is not that difficult to imagine that biggest miners (being the biggest whales as well) can push the price down to get back the coins at lower prices while the difficulty adjusts after halving.

Yeah besides always there are peoples trying to get profit quick they can dump as soon as price reach a thing like to $500.

This is also my prediction. We won't exceed $600 on halving alone, no matter how many new topic on the halving effect will be opened in this forum in the next three months.

The price keeps stable now so the value will be not that low so that is nice, the most people wants that the value will be higher in the future so they can earn some profit with it.
The halving is also coming so the most are hoping that the value will be high so they can sell it soon and that would be great for them if that is possible for them.

That's a right prediction, bitcoin would reach within the range of $600-$700 if we reach $500 before halving. Will reach $1000 if we reach $700 before the time of halving.

The latter scenario seems very unlikely at the moment. There is no single event (development) that could justify sudden price rise. If such rally to $700 happens before halving, it may be the only rally in what reminds of 2016.

Yeah have already surpassed $400 so we are now going to reach for $500. I predict that it is going to happen this years and with in 2 months. If not it would be very disappointing.

the speculation aspect of the upcoming block halving will definitely push the price over the $500 price level before the halving, but i don't know how long that price level will hold. without enough buy support it will most likely tank to $450's again after the halving. one thing is sure, the coming months will be more than interesting for traders as there will be a lot volatility and price swings. so even if the price falls back down, you already have made good amounts of profit during that time if you know how to trade.

Maybe this time it does not take two years to come back, but I think this time there are more people at there to stay with bitcoin and this time the price will be remain at height for a long period.

Truly with cent percent trust we can say that bitcoin price continues to be in the height for a long time. Anytime scenario might change due to the impact of technology and speculations.

You see that the value keeps stable for a long time and the most people with Bitcoin wants that the value will rise in the future and that is because they want to sell it.
The only bad thing is that it can takes a long time until the value will be high because the halving will be also not that good.

Yes after looking at the price increasing spped I am also thinking the same that the price will now not come back to $400, it will now continue to rise and I think if it decided to go back then will reach to about $500.

Little by little. First stop is $450, and only if we pass there, we can think about going to $500. And then again, the question whether we are able to hold it.

350 is a solid bottom. I do think it can reach to 300 again but maybe that is just me being paranoid.
If 350 is the new bottom things are really great from 200 to 350 is just 1.5 year.

$350 is the bottom. Soon the price won't go down, the situation might change only when large accumulation takes place due to few users who hold large volumes.

$350 is a mid-term bottom and only that. It means that $350 level can be broken and that wouldn't be that unlikely, e.g., when the biggest miners (and holders) would like to hedge after halving during the time when the difficulty is not yet adjusted. 

Nope bro, Bottom value at present moment is 400$ So you invest also in bitcoin without any fear. Better if you any financial issues think and invest on exact one which you know...

Maybe that when the price is going to test $400 it will turn out to be the bottom but I think the real bottom is slightly below $400 if you look closely at the charts and the order books.

Don't get worried, price keeps on increasing and if it drops it will be $400, it won't go down as bitcoin users are holding good amount of coins for halving, you can trust and invest in bitcoin, you can gain more.

Fear not. But being aware of the huge volatility (not like last two months) is absolutely necessary. That is the risk not everybody is prepared to bear.

The volatility of bitcoin is large compared to other major currencies. But the volatility has dropped recently.

Really? What's the volatility of BTC/USD? What's the volatility of USD/JPY? What's the volatility of USD/EUR?

The volatility i larger but it has not dropped. Maybe you was sleeping the last months but the pattern has re-emerged and bitcoin's volatiliy is back. Although the EURO had a very rough period too.

BTC/USD volatility reached record lows in the past few weeks (https://btcvol.info/). It's started climbing, but it's still very low compared to historic values. It's easily comparable to other major currency pairs, and it's better than Gold (XAU/USD). This site doesn't show many of the major pairs, but given the closeness between the ones it does show, and the gap between, say, USD/EUR and GBP/AUD - I'd assume BTC/USD was way currently less volatile than GBP/AUD.

I was awake for the past few months, and it's only in the past week that BTC has broken out of the decreasing range it was in.

350 will be to hard to maintain for a safe zone. I expect it to be somewhere between 300 dollar. Which is still 100 dollar more then the last low (200 dollar) which we achieved last year. So overall it is a good and positive thing.

Nah 300 is way to low for the new bitcoin low. I guess the low is somewhere around 330 dollar. The lowest price we saw after the halving was around this area

We were stable at $385 for a long time and started to rise from that value. So I think $385 might be the low bottom of bitcoin.

I don't think we will ever see $300's again to be honest, the buying pressure is way too big and the people that isn't invested in Bitcoin already is looking to increasingly look more and more of an idiot as time goes on. Fear of missing out will kick in anytime soon, probably after this small correction a lot of people will jump in to take positions.

For the last months also, $430 is the bottom. The $435 was tested yesterday when the price crashed.

It would be nice if that can be the bottom because as you can see now the most people are also hoping that the value will be more worth and that would be nice.
But you only never know what is going to happen with Bitcoin and that is the problem.

The price will be above the $400 for the next few weeks. If so, the next bottom will be around $450 level.

I don't think that we will see $350 again most probably $400 will be always all time low as price will be higher in future and bitcoin will never go that low again.

i have been hearing 'the price will never go below this or that price level' for years now, and it always goes below it. no one was expecting the price to fall back to sub $200 prices after reaching an all time high of around $1200. this just shows that you must never use the word never when it comes to predicting that it will never go below a certain price level.

Yes and anything is possible with bitcoin, no one can  judge what will be the highest price or lowest price of bitcoin, we need too keep on playing with the price as it comes.

i agree i doubt it will ever go below $350 ever again.

Only up from here on out.

Especially that we're just a couple of months away from halving where people are expecting the price to go up.

I hope you are right but I do expect the price to go down again n the end. Being so long in bitcoin made me very skeptical. I guess we could see the price going to 300 dollar in th elong run.
Maybe even loewr.

Do you mean the price will go down to $300 in the long run? I do not think so. The price will be much higher.

Yeah I also think that we are not going to see the $300 ever again we have passed that amount and Bitcoin is rising. This is not a good thing for the people who are new to Bitcoin and do not have much money to spend.

Yeah we are little away from the days of halving. Now thinking or bitcoin going to $350 is unrealistic. It won't happen now or then. Only possibility is after the days of halving. During the past halving the price went very high and soon returned to a value lower than the price before the halving date.

Bitcoin will not fall to $350 at a moment but may be in future if it falls then it will be maximum bottom but at this stage we don't have to worry as will not see this price at this stage.

As you can see now you see that the value is not even going to that high and that is because it was already stable for a long time but you also see that the value is going to be higher slowly.
And that is nice for the people who already have Bitcoin maybe they can earn profit soon.

With enough bad news the price can tank deep below $300 without much effort.

Especially when you consider that nearly all the buy support comes from bots that will remove their orders once the dumping comes their way.

Price will keep on rising for next couple of months until we reach the halving stage, but after halving if price falls down then maximum low would be $350 nothing below then that.

The price will rise slowly. It might take two months to arrive at the $500 level. We are waiting for news.

As you can see you see also that there are now more people that is going to have some Bitcoin and that is because it was already stable for a long time so that is really nice.
And the chance to go higher is really high and that is nice and you even can see that the halving is coming towards to us.

After the halving, the price could rise a lot. But it might rise immediately. It might happen 6 months later.

The stable price before and after the last halving rose about 10 times in 2012/2013. But there was financial crisis then.

It will be nice if that would be the bottom and that is because you also can see now that there will be more people that is going to have some Bitcoin and they are also thinking that the value will rise.
And that is true because you also can see now that the value is rising slowly and it will takes a long time until the value will be higher so that is really nice.

That will be nice but it will be really hard to know what is going to happen with the currency because there are still a lot of people that is going to have some Bitcoin.
But nobody will know will know what the value will be and that is the problem of the Bitcoin so that have to change in the future.

Even though we do not know the price of bitcoin at a specific time point, we will know the certain range.

350 Dollar was the bottom for some time and the price was stable for a long time. I was lamost going to quit with Bitcoin at that moment but I stuck it out and stayed.

Glad you stuck around! Your patience will be rewarded.  We are about 5 months from my initial prediction, and it appears I was right. But, its looks like the pop will happen sooner than September.  I think the July-August time frame is more accurate for new all time highs.  I saw a lot of parallels in the graph of Jan-Oct 2013 with the timeframe of late 2013-present.  The moonshot is close at hand.

i hope that the price will not drop that much for now because a lot of people would start dumping really fast

I also think that 350 will be the bottom of th ebitcoin and he will not reach that again for sure and that is all i know the rest i dont think allot about the only thing i hope is a price rising lol.

It does not matter if they dump now. If they are the traders, they will have to buy back at much higher price.

That is called shorter squeeze. I hope not many people will use levage to buy, they might lose a lot of money.

Well that's the way the game is played. I thing we will easily go back to 500 maybe even lower.
If 500 breaks, then we surely see 400 dollar very soon due to panic selling.

If the 500 breaks, we will see $400. But the $500 was tested a few days ago, so it will not go to $400 very soon.

With the price going down again it's time to see what the new low will be. Looking at the past, I would say we will go back to 300- 350. But in that case miners will have a very hard time to make a profit. Even the large mining farms in Asia. Which makes me think the new low will be around 450-500 dollar

thats true, but we will definitely not see 350 numbers in my opinion because people will be buying fast as price has potential to grow

New bottom based on my speculation, would be 850. I know we have not reached it yet, but we are to go on a big ride which is upcoming, and we will surely not see any coin being devaluated under 850 after that pump.

The price didn't get there yet, so at this moment you can't see the current bottom is 850. As a matter of fact it's probably 50% lower, somewhere near 380 /400 dollar.
But if we hit 500, there is a good chance the dumping will cause more damage, leading the price to touch 330 dollar

well yeah, the people who trade will have to buy does not matter whether the price is high or not, but i doubt the price will fall to 350 dollars

We will never see that low price again and even if bitcoin falls after the halving or in future then maximum low would be $500 nothing below then that.

How you sure that it will not going back below 500 and i think we dont know what will happen because bitcoin is unpredictable and bitcoin is not indemand after the even because the event is already done and it takes long journey that the price will increase again..

That will be the same reason why the bitcoin price will not go below $100. there are much more users now.

350 dollar was a really long time a go, i think we will never come back to such low prices right now because bitcoin will have much more possibilities to grow right now during the halving

in my opinion 600 is now the new bottom and we will see even bigger increases in the future with bitcoin, i think that during the next year the price is going to grow a lot maybe to a new all time high

I agree with the comment that £350 will not be reached again. But I think the price will trade between $550 and $700.

I think the base (bottom) price of bitcoin will be above $550. That is the mining electricity cost for some miners.

That would be mining electricity cost after the halving for small farm or home miners. If you include amortization, the cost will be higher.

We are just a few months moved from the $350 levels and at $630, the price seems to hold. We might see a bit more dip, as I don't think the effect of halving will be felt instantly.

I think the price will be above around $600 for the near future. If it drops below it, most home miners will be unprofitable.

It depends on the actions of the big whales, if they want, they can push the price to below $600 or lower.

Yeah below 600 , 500 and even 350.It's them who are in charge now, but let's think about their incentive too.
I am sure there are big mining pools who are part of the whale group and they need profit.

thats true though they wont do that because they know that the price will grow so they wont just waste the money they have to just manipulate the price, i doubt that the price will drop that low

It's funny how we keep advertising how decentralized and democratic bitcoin is, while in fact a group of whales are determining bitcon's future; the price, the blocksize and even it's development. That's odd right?

what's not centralized in this world? it's always a group of people/institutions that controls a certain thing. bitcoin is definitely not an exception.

That is right. Most of the things are controlled by very few people. I heard the 20: 80 theory. 20% people owns 80% of the wealth.

i think that it is definitely a great thing and in my opinion this should change in the near future, if this changes then more people will have enough money, i hope that the bitcoin price will not drop

If there is good development about the bitcoin in the next few decades, the price will keep on rising.