Down to 35? Or up to 100?

[bitcon]

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[fr33d0miz3r]

MtGox developers:

[proudhon]

MtGox developers:

Lol

[gollum]

I guess it could easily drop down to the old top of 30$ from 2011.

But if the stock market also crashes, and the gold market continues to crash it should affect bitcoin as well.
During a financial crisis fiat dollar gains value relative everything else, high risk assets like bitcoin could crash down to 1$ if the crisis of 2008 repeats itself.

[fr33d0miz3r]

Daytraders:

[San1ty]

Daytraders:

OMG... I almost choked on my lunch when I saw that!

[move_zig]

3 things can happen:

1. to 0, disappears completely (it came from nothing, it can go back to nothing)
2. goes lower
3. goes higher

so 2 to 1 bad odds if you hold bitcoin bought at higher prices than now

I say 6 things could happen:

1. to 0, disappears completely (it came from nothing, it can go back to nothing)
2. goes lower
3. goes higher
4. goes much higher
5. goes much much higher
6. goes much much much higher

So now there are 2 to 1 good odds if you hold bitcoin bought at higher prices than now.

Math is fun!

[dandirk]

I say 6 things could happen:

1. to 0, disappears completely (it came from nothing, it can go back to nothing)
2. goes lower
3. goes higher
4. goes much higher
5. goes much much higher
6. goes much much much higher

So now there are 2 to 1 good odds if you hold bitcoin bought at higher prices than now.

Math is fun!

That is too difficult...  Odds are there are more numbers above $57 then below (not counting below 0)... there for the market must go up!  Math + Common sense= rich!