Bitcoin back to $40 is probable

[accord01]

Yes, it will go back to $40-60.  According to masterluc and his elliot wave analysis, bitcoin is going to hit $40 in 2014.  That isn't to say it can't reach $900 again before hitting $40, but I do respect his prediction of $40

See this thread:

https://bitcointalk.org/index.php?topic=274613.960

[accord01]

It's amazing how masterluc is predicting it without foreknowing the details of the government.  Somehow things just follow his analysis.  The chinese are going to be sending tons of coins to other exchanges and then selling off...

[traderCJ]

What the hell does Chinese regulation have to do with Elliott Wave theory?

[samsam]

$40/BTC is not likely.

$200-$300 is where it will probably settle when the Chinese are done cashing out of BTC and back into Yuan.

[Edward50]

In the 2011 bubble it went from ~$30 to $2.01.

That would be like going from $1000 to $66 during this bubble.

Seems unlikely, yes. But it also seemed unlikely that it would go to $2.01 at the time.

[TeeBone]

Between $125-$300.

Whatever you do, DO NOT BUY now. It'll take the chinese months to cash out everything.

[accord01]

lol yeah, they're probably already sending to MTGOX, bitfinex, or bitstamp.... or even shady btc-e

[Bitbuy]

$40/BTC is not likely.

$200-$300 is where it will probably settle when the Chinese are done cashing out of BTC and back into Yuan.

Can't help wondering if they are going to cash out entirely now....

[DPoS]

or even shady btc-e

they seem to be the best for the true spirit of btc anyway...  all the red tape of everyone else is a buzzkill and now look at them..  all those snooty folks trying to make things proper.. hope they ignore btc again!!

[traxx187]

til then i hope we hit 100 -300 i wanna buy in lots