We're going down again

[massivebitman]

Ain't over yet.

Reasons:
The hype in bitcoin has dried out
Big boy speculators are trying to pull out
Volume is so low that when they do price drops
Price doesn't recover because of lack of hype.

Conclusion.
Expect a slow graduated drop to $80

[lucas.sev]

As much as I would like it to be true, it bounced off 115 and currently is at 123 all that within 16h, so price recovers

[massivebitman]

As much as I would like it to be true, it bounced off 115 and currently is at 123 all that within 16h, so price recovers

Well what I meant was it won't recover to $130.

We'll see a few of these bounces on the way down.

Every dump the price stabilises a little lower.

[smoothie]

people who post topics like this I tend to think have sold out lol

[BitcoinAshley]

people who post topics like this I tend to think have sold out lol

Contrary to OP massivetunnelvisionman's unfounded assertion in the post prior to yours, ever since the recent crash we've been seeing higher highs and higher lows. i.e. op sold out at $118 and doesn't want to buy back at a loss so now he's making up history to support his price prediction

[smoothie]

people who post topics like this I tend to think have sold out lol

Contrary to OP massivetunnelvisionman's unfounded assertion in the post prior to yours, ever since the recent crash we've been seeing higher highs and higher lows. i.e. op sold out at $118 and doesn't want to buy back at a loss so now he's making up history to support his price prediction

Now put that into a trend of dumb bears and smarter bulls? lol

[jhansen858]

I really hope so.  Not only would it give me the chance to load up on some cheap coins, it would most likely put the breaks on the huge mining expansion that is going on long enough for me to get my rigs.

[adamstgBit]

I really hope so.  Not only would it give me the chance to load up on some cheap coins, it would most likely put the breaks on the huge mining expansion that is going on long enough for me to get my rigs.

 
it when up ALOT AGAIN!!

lol bitcoin

[smoothie]

about 15 TH/s added in the last week alone ....AND GROWING.

[wopwop]

Bitcoin currently costs around $300k per day or $9m per month to stay healthy

[Zaih]

Dreamin bud 

[Odalv]

Bitcoin currently costs around $300k per day or $9m per month to stay healthy

30-day Volume (Currency) 168,074,222.01 USD

[Pumpkin]

Bitcoin currently costs around $300k per day or $9m per month to stay healthy

This will be very difficult to sustain long term, unless fiat currencies crash.

[awakening]

Bitcoin currently costs around $300k per day or $9m per month to stay healthy

This will be very difficult to sustain long term, unless fiat currencies crash.

Ummm. $300k per day ? It's no money. Not difficult at all.

[mgio]

Bitcoin currently costs around $300k per day or $9m per month to stay healthy

This will be very difficult to sustain long term, unless fiat currencies crash.

It doesn't have to do that forever. Remember that the block reward halves every 4 years and so does the money needed to maintain a stable value.

[intense]

300k per day is assuming that every single mined coin is making it to an exchange which clearly isn't the case.

What we're seeing now is day traders trying to flip a quick buck with crazy low volume, things will just churn along sideways untill the exchanges can start to receive and send money again. Hold on to your hats because the moment the reigns are off things are about to get rough, expect huge volatility and then a large rally

[humanitee]

I believe OP will be correct, barring some major news from WU, Paypal, or the like. The capital inflow just isn't what it was. I actually think $80 is a tad high.

[BitcoinAshley]

Lol @ the guy who thinks $300,000/day is "unsustainable."

Why? Because he says so? Lol. His 'perception' is that $300,000 is a 'lot of money' and therefore 'unsustainable.' Great.

$9 million dollars a month "a lot?"

To one of my 7 year old students, the $5/week her older brother gets for allowance is "a lot."

Welcome to the real world, wopwop. Big Money. Helicopter Ben gets in his helicopter every month and throws almost a hundred billion dollars onto the S&P 500 the economy. Tell me what's "unsustainable" again?

[discobean]

Fed spends $85B a month to keep USD afloat.

[naphto]

Ain't over yet.

Reasons:
The hype in bitcoin has dried out
Big boy speculators are trying to pull out
Volume is so low that when they do price drops
Price doesn't recover because of lack of hype.

Conclusion.
Expect a slow graduated drop to $80

Wait and see