Well that didn't last long...

[Coinshot]

We have an expected correction, and all the naysayers are out. I expected it to go to 420, so past 450 was a bonus. A correction down to 350-360 was expected, and we are still above it.

[aztecminer]

Bitcoin went up $40 in 3 days and you call it a downtrend? I thought a downtrend is when every week the price is lower. 
Nov 1st $338
Nov 7th $350
Nov 14th $405

Downtrend my a$$

Bitcoin has gone down 60-70% the last 11 months. I call that a downtrend.

great year for mining though!

[belmonty]

It recently shot up by about $130 then went back down by about $70. I feel positive now considering it's bouncing back up. If it had shot up by about $130 then went back down by over $130 I would feel negative.

[kashish948]

Well we are still +15%  compared to last week. I can handle a coin which "just" grow 15% a week. Wait we go below 370 to announce the resume of the downtrend

Remind you that we are currently

$10   lower than $410 at one month ago
$120 lower than $520 at three months ago
$250 lower than $650 at six months ago
$400 lower than $800 at ten months ago

This could be a bull trap, another new low sub-$300 can happen in any time

How about we compare it a bit more?

Go back 2 years and we are 390$ more. And more importantly 3636% more. Give me one investment that has such returns!

[Chris_Sabian]

Bitcoin and the Blockchain are less than 6 years old.  The general population may have heard of bitcoin before but they have no idea what it is nor what it can do.  The current price of ~$400 is still very small.  Look at the ~$5.5 billion market cap.  That is smaller than major companies let alone countries.

I'm sure that people in 2011, when the price dropped from ~$30 to $2, thought that the bitcoin world was crashing.  Look where we are now.

Relax, hold, develop, promote, and the moon will come.

[Alonzo Ewing]

1)  Genuine, organic value increase is happening "under the hood".  Its gradual, and over a long period. 

2)  People with money are OBVIOUSLY pumping and dumping on top of that "base" value price.   

--------------

If you haven't noticed the obvious trends where prices go up to .... then drop ... you haven't been paying attention.

The value of Bitcoin isnt going to rise in a spike.

The real organic value of Bitcoin is going to grow gradually over time, as adoption increases over time.

The rest?  Pumps.

Buy 10-20 bitcoins you're willing to lose and play the system.  There's money to be made.

-B-

That's not how it works in speculative markets.  Rarely do markets move up or down in a steady fashion.  They instead rise and fall in fits and spurts.  Bitcoin is no different.

[yefi]

Current price action after the rise doesn't fill me with confidence. You want to see people buy the dip, but instead we seem to be witnessing a breakdown. It's not decisive at present, and we may rally yet, but the downside risk from a failure here shouldn't be discounted.

[porcupine87]

Well we are still +15%  compared to last week. I can handle a coin which "just" grow 15% a week. Wait we go below 370 to announce the resume of the downtrend

this is very optimistic. 37% more than the low this year. 37000% more than a few years ago. If you bought this year on a random day, you lost in 95% of all cases...