350 USD in August

[hulla]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

With btc @ USD 541.50 in early of this month. I guess is time I take back everything I said acouple of weeks back concern the price of btc bubble cos when said the bubble will happen I don't believe it and my question is. How do know all this right in time when btc was at peak price?

[Mauser]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

With btc @ USD 541.50 in early of this month. I guess is time I take back everything I said acouple of weeks back concern the price of btc bubble cos when said the bubble will happen I don't believe it and my question is. How do know all this right in time when btc was at peak price?

I wouldn't call hackers dumping $70M worth of bitcoins as a bubble. Once the panic sellers sold all there bitcoins, prices will start rising again.

[patronis]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

With btc @ USD 541.50 in early of this month. I guess is time I take back everything I said acouple of weeks back concern the price of btc bubble cos when said the bubble will happen I don't believe it and my question is. How do know all this right in time when btc was at peak price?

I wouldn't call hackers dumping $70M worth of bitcoins as a bubble. Once the panic sellers sold all there bitcoins, prices will start rising again.

Even if the price of BTC were to somehow drop to 350 I'm sure it'd rebound unless it fell due to some major flaw in BTC or (and more likely)heavy outside interference. The price of BTC will rebound and the people selling will have to buy back in if they still want the profits of BTC

[trinaldao]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

With btc @ USD 541.50 in early of this month. I guess is time I take back everything I said acouple of weeks back concern the price of btc bubble cos when said the bubble will happen I don't believe it and my question is. How do know all this right in time when btc was at peak price?

I wouldn't call hackers dumping $70M worth of bitcoins as a bubble. Once the panic sellers sold all there bitcoins, prices will start rising again.

Even if the price of BTC were to somehow drop to 350 I'm sure it'd rebound unless it fell due to some major flaw in BTC or (and more likely)heavy outside interference. The price of BTC will rebound and the people selling will have to buy back in if they still want the profits of BTC

it could happen, if you've heard the news, bitfinex losing 120,000 BTC ($64m), how if the big dump to happen? I think it very likely drop to $350. but I do not expect this to really happen.

[KingdomHearts]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

I think this can possibly happen, because if we see. Bitcoin price is going very low now. But we cant assure that it will happen exactly this month of august. Maybe this will happen in later months

I do not think the bitcoin price will drop to $350. But the price could drop below $500 due to the hack.

Yeah the price of bitcoin will not be drop to 350 usd because this is very less amount, it is only happen when bitcoin loose their importance in the market. And yeah may price will drop to 500 or below 500 usd but it will definitely increase in next year.

bitcoin again rise up its price too much faster you can check the price of bitcoin really going to up, and i think bitcoin double up its price in huge amount in the end of  2016.

[Arcteryx]

It is August now and we are well above the predicted amount that the OP has mentioned.
It was a shocker yesterday as most thought it would reach under $500 today but it has recovered and is well back to what it was before the said incident of bitfinex happened.
So now not to worry about seeing it reach $350 this month. I am pretty confident it won't since it weathered the storm pretty nicely so far.

[phoenixgen]

I hope it's true

[Cast12]

It's not gonna hit $350, maybe it'll hit back to $400, but definitely not $350.

[babyjesusftw1]

I'm fairly certain bitcoin just hit its price floor yesterday, which is a good sign for its price in August. I reckon it'll rebound past $600 shortly and stay over $600 for the remainder of the year, considering how much support it got around $500

[~Bitcoin~]

It's not gonna hit $350, maybe it'll hit back to $400, but definitely not $350.

No even price can't get dumped to 400$ in yesterday's massive dump after bitfinex got hacked and price is already rebounding back to 600$ range so if no any similar attack/event occurs in this august than we may see rise rather than dump in august.

[Mauser]

It's not gonna hit $350, maybe it'll hit back to $400, but definitely not $350.

No even price can't get dumped to 400$ in yesterday's massive dump after bitfinex got hacked and price is already rebounding back to 600$ range so if no any similar attack/event occurs in this august than we may see rise rather than dump in august.

Yes it really depends on any more security breaches in the next weeks. People are afraid to lose money and move into Fiat again. Once they realize there is no real investment alternative they will come back to bitcoins.
Just make sure you don't store too much money on any exchange or online wallet. It is not safe enough.

[rio3233]

The price of bitcoin is $600+ right now and i don't think it will hit $350 in the end of August. Huge down yesterday, but it keeps increase again right now.

[BossMacko]

I think this will not happen Bitcoin is starting to rise up again little by little. This is a good thing for us this is the time to buy Bitcoin and Hold as much as you can . sooner or later price of Bitcoin will go up.

[Sanguintan]

I think this will not happen Bitcoin is starting to rise up again little by little. This is a good thing for us this is the time to buy Bitcoin and Hold as much as you can . sooner or later price of Bitcoin will go up.

I do not think so. The bitcoin price will trade around $550 for the next few months until we know the solution of the hack.

[hulla]

It's coming



EDIT: This topic is my proof. Everyone thinks that it's not possible but why not?

I call it a bubble.

With btc @ USD 541.50 in early of this month. I guess is time I take back everything I said acouple of weeks back concern the price of btc bubble cos when said the bubble will happen I don't believe it and my question is. How do know all this right in time when btc was at peak price?

I wouldn't call hackers dumping $70M worth of bitcoins as a bubble. Once the panic sellers sold all there bitcoins, prices will start rising again.

Even if the price of BTC were to somehow drop to 350 I'm sure it'd rebound unless it fell due to some major flaw in BTC or (and more likely)heavy outside interference. The price of BTC will rebound and the people selling will have to buy back in if they still want the profits of BTC

it could happen, if you've heard the news, bitfinex losing 120,000 BTC ($64m), how if the big dump to happen? I think it very likely drop to $350. but I do not expect this to really happen.

Well, it will be a good news if the price do stable around us$550 and looking at the current price now which is us$584.19 there's a little increase. Let's just hope that the bitfinex won't affect the situation till the hack problem is fix

[Dobmaster]

Well, it will be a good news if the price do stable around us$550 and looking at the current price now which is us$584.19 there's a little increase. Let's just hope that the bitfinex won't affect the situation till the hack problem is fix

If there is no further bad news about the bitcoin, the price of bitcoin will rise gradually to $600 and higher.

[Xenophoto]

Let's just all pray that the previous decrease of bitcoin's price was because of the hackers of Bitfinex has converted their 129KBTC and let's pray that they're done dumping their coins. Because if they aren't done yet and they plan that they will dump all of them at once, then OP's statement might come true. Otherwise, the price of bitcoin shall rise once again. Everybody's waiting for the price increase that is caused by the previous halving.

[mandica]

Let's just all pray that the previous decrease of bitcoin's price was because of the hackers of Bitfinex has converted their 129KBTC and let's pray that they're done dumping their coins. Because if they aren't done yet and they plan that they will dump all of them at once, then OP's statement might come true. Otherwise, the price of bitcoin shall rise once again. Everybody's waiting for the price increase that is caused by the previous halving.

The hacker go t 119k not 129k bitcoin. But he already made a lot of money by shorting the bitcoin.

[rekinthis]

Bitcoin wont go down the 500 dollars value, miners can let it loose a bit more to get more bitcoins from week hands, but bitcoin price for sure will stay above 600 dollars this year, its just bitfinex hackers news damaging bitcoin.

of course it wont, the only way is up right now because miners need to make a lot of profit out of the mined bitcoins so they will try to keep the price  high

[BitcoinPaw]

It's going to become true if price is gonna keep decreasing but i hope i will not see $350 price cause many people will start buying and selling, it will be a very bad month.