How Did bitcoin remained at 200 USD

[BillyBobZorton]

I was just wondering because if mtgox was responsible for making the fake increase of the price of bitcoin, then how come it remained at $200 and why it did not fell down to $10 like before?

Because everyone that is paying attention knows Bitcoin is only growing daily on every single level (transaction volume, VC volume, network power..)
Why the price is not growing? because whales want it cheap before it goes moon since they missed the first boat, simple as that.
Why not going back to 10? because it doesnt benefit the whales since its way to risky, and for whales, 200 USD is less than 1 dollar.
So if you aren't getting BTC now, you'll cry later.

[Eastwind]

Volume since the beginning of the year has been the highest in bitcoin history, yet the price has remained fairly stable, meaning a lot of accumulation is going on.  In fact volume is at a rate where each coin in existence gets turned over roughly once a month.  I wouldn't be surprised if some shenanigans such as naked short selling or some other fake selling is going on here near the end of the bear market, just as gox had some shenanigans going on at the top of the bull market.  

Volumes are most China fake market maker trades, 0 trade fee, 100 btc traded 1000 times = 100,000 volumes, just like this.
accumulation is going on? how about they are all bag holders victims?

If you exclude the volume from China, will you still get the same conclusion?

[bitebits]

$200 is what the demand and supply agreed upon as a fair price right now.
The real question should be: Are we going to see prices over $1000 again without another willy bot?

You answered your own question. Bitcoin is a deflationary currency.

[inca]

$200 is what the demand and supply agreed upon as a fair price right now.
The real question should be: Are we going to see prices over $1000 again without another willy bot?

It's funny how some people still believe it was willy that made Bitcoin reach over 1000 USD
A bot can stimulate the pump but you need real people backing up the movement with their real money for such thing to happen.

It isn't a belief. It is a narrative promulgated by a small cabal of traders, trolls and shills.

Anyone around at the time knows that the run-up could be summarised with simply: China.

[Eastwind]

$200 is what the demand and supply agreed upon as a fair price right now.
The real question should be: Are we going to see prices over $1000 again without another willy bot?

It's funny how some people still believe it was willy that made Bitcoin reach over 1000 USD
A bot can stimulate the pump but you need real people backing up the movement with their real money for such thing to happen.

It isn't a belief. It is a narrative promulgated by a small cabal of traders, trolls and shills.

Anyone around at the time knows that the run-up could be summarised with simply: China.

China was reason for run up to $1200.

[Pecunia non olet]

I was just wondering because if mtgox was responsible for making the fake increase of the price of bitcoin, then how come it remained at $200 and why it did not fell down to $10 like before?

It's not over yet. Beartrend still intact.

[mrhelpful]

Well we all hold a certain amount at a time, I can only imagine everyone went on the market and sold all of it on the same day.

Some people selling it different portions, so you see the decay over spreads within couple weeks or months then all happen in one day.

Then you got the whole china comment, and they state they ban the coin but my friend in china is buying up like crazy.  gotta love fake PR for price points.

[Amph]

now, that i'm thinking of it, it wasn't at 10 before the 1200 peak but it was at 90 i still remember clear that number, then suddenlty it start climbing like no tomorrow

so in the worse case it should fall to 90-100, 10 isn't contemplated at all

[Eastwind]

$200 is what the demand and supply agreed upon as a fair price right now.
The real question should be: Are we going to see prices over $1000 again without another willy bot?

It's funny how some people still believe it was willy that made Bitcoin reach over 1000 USD
A bot can stimulate the pump but you need real people backing up the movement with their real money for such thing to happen.

If bitcoin gets used more, its price will rise.

[Brewins]

$200 is what the demand and supply agreed upon as a fair price right now.
The real question should be: Are we going to see prices over $1000 again without another willy bot?

It's funny how some people still believe it was willy that made Bitcoin reach over 1000 USD
A bot can stimulate the pump but you need real people backing up the movement with their real money for such thing to happen.

If bitcoin gets used more, its price will rise.

not if people don't hold it and as soon they get it they dump it for products or for money