$350 will be the bottom

[ACAB]

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

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[bajing]

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

[uki]

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

$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.

[sishendaoye]

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

$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.

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

[praprata]

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.

[wildan88]

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

[LarryHocks]

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

[Yakamoto]

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.

[Oscoda]

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.

[uki]

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

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.

[richardsNY]

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

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.

[kingaltcoins]

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.

[coinzat]

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

[randy8777]

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.

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.

[uki]

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.

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.

[MaritiJames3]

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.

[Mickeyb]

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

[uki]

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.

[Hashminers]

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.

[angaper]

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.