Bitcoin to drop below $300 again?

[willy_00]

Today I checked the price and it was 511usd per coin. What's happening to bitcoin?

Do you think bitcoin will drop below 300 again?
 Place your bets here.

https://www.betmoose.com/bet/bitcoin-falls-below-300-this-year-2056#bets-1

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[richardsNY]

Nope. It's just too low to happen. Especially now block rewards are only worth 12.5 BTC. If it's not by legit demand, then I am sure Chinese exchanges will offer a helping hand to manipulate the price to healthier levels again. Beside that, it would be very sad to see the price fall even below $400 again. Something that took us years to build up gets smashed down so fast.

[trollercoaster]

I think it will, I am still hopeful for sub $200.

[Doms]

Nope. It's just too low to happen. Especially now block rewards are only worth 12.5 BTC. If it's not by legit demand, then I am sure Chinese exchanges will offer a helping hand to manipulate the price to healthier levels again. Beside that, it would be very sad to see the price fall even below $400 again. Something that took us years to build up gets smashed down so fast.

So what's the reason why the price has gone down so much? Over 10% in a flash is just a big dip. Has the price been spooked by the Ghost month? We know that the Chinese usually pulls out their investments during August to avoid bad luck. Too bad I haven't the funds to buy right now.

[elite3000]

Maybe if Bitfinex is insolvent and people don't get their bitcoins back and other exchanges follow, we may see sub 300 for a short while, but won't last long

[vella85]

Not sure if it will drop below $300 but I think it go as low as $400. It all depends on the Chinese to see what they will do when they start to wake up.

[robelneo]

All our expectation has gone to air,just when we all thought bitcoin will rise to $1000 this things happen,my only prayer is that it will not drop further to $300 again,the community should resolve the issue,there's an ongoing talks but neither wants to compromise..