Bitcoin price falling through the floor here are my grim predictions

[gravitate]

So I predict because of people's (non tech people) opinions bitcoin will be seen as too much of a risk both from the functionality and also from hacking. I.e. another exchange ripping off millions of its customers money.
Well based on this and the zime zones sell off and panic I think we will easily see bitcoin go below the 200 levels. There will be a little resistance so this will take a few days and then there is where it will stay until the problems are fixed and we get some good press. Might even go as low as the 100 usd mark very realistically. Then when all confidence is restored we can start again to go up.

That's pretty reasonable so what are your thoughts

[1715314159]

1715314159

[crazyivan]

We ve had these similar issues several times by now and each and every time the result was the same.

BTC price goes down, weak hands start selling, the price recovers later and weak hands buy at even higher price.

The result is noobs ll be noobs and they have to pay to get schooled.

I dont like this but as soon BTC can be manipulated by a statement of one single guy, we re still far away from stability.

[gravitate]

We ve had these similar issues several times by now and each and every time the result was the same.

BTC price goes down, weak hands start selling, the price recovers later and weak hands buy at even higher price.

The result is noobs ll be noobs and they have to pay to get schooled.

I dont like this but as soon BTC can be manipulated by a statement of one single guy, we re still far away from stability.

It is also because of the hack at cryptsy.. they go hand in hand

[fortunecrypto]

We ve had these similar issues several times by now and each and every time the result was the same.

BTC price goes down, weak hands start selling, the price recovers later and weak hands buy at even higher price.

The result is noobs ll be noobs and they have to pay to get schooled.

I dont like this but as soon BTC can be manipulated by a statement of one single guy, we re still far away from stability.

I totally agree with you it's one man against millions of believers,we have the best and the worst this is not the only one but honestly I don't want bitcoin to go down the $200 level when that happen it could mean many have been affected negatively by that statement hopefully this is the worst and no more will come in the future

[MatTheCat]

I dont like this but as soon BTC can be manipulated by a statement of one single guy, we re still far away from stability.

Mike Hearn's statment, nor the Cryptsy news, made this crash happen.

Market Makers, made this crash happen, timing it on the back of this news...Lets face it...had Bitcoin held $400...there would be no panic....those who dumped would be buying back. but the Smart Money made sure it dumped. N00bs who bought high, will sell low, Sharks who bought low, have sold high, and will profit from shorting the crash they are causing, and everyone else falls somewhere in between...I made money on a small short...but lost just as much trying to pick the bottom.

I may as well have just cashed out way up high, and done nothing.......which I suppose is better than sitting bagholding $400+ BTC, which no doubt many in here are doing.

[btcdevil]

i think its always good if their is correction after high odds, because it will give more option to buy back as bitcoin will be their in the market and big players are cashing out afte christma and new year, within 2 or 3 days we can see back $400+ odds