Probably not, it can only hit $6000s again and it seems it is going to do it. There is really no buy pressure, no one wants to buy bitcoin now
you are wrong, exactly with this situation there will be many investors who buy, why? because they know, that this situation will provide benefits in the future. as I said in the previous thread, that the price will soon reach its peak. we all also know that the market will soon improve its performance. Every cloud has a silver lining!
Right. Its known that people do buy when the coin value is low. Obviously people are buying. Mt.Gox is selling out dozens of bitcoin and this is the reason behind this big drop. But you need to look at the other side as well. When they do sell, its bought on the other side. And this is the reason we could see a balance in price. I wish Mt.Gox should go out of bitcoins. Just see the trick here. When all are sold, the situation would be buy at the low price. The price would be certainly low. They would buy again for price and grow their fund. A good business trick. Need to learn from this.