Chances of $150 again

[BitchicksHusband]

Phht.  People that don't understand logarithmic scales...

[kehtolo]

Phht.  People that don't understand logarithmic scales...

This +1

In case this is not clear.. it won't go down.. it's on a steady, steady rise.. although there may be fluctuations along the way.. the overall and long term trend is up up up steadily.. in a logarithmic sort of a way.

[waltermot321]

High chances, just need to wait for awhile....

[BarkinTree]

High chances, just need to wait for awhile....

no! now someone is gonna post that meme with the dead guy waiting at his computer...

[tutkarz]

many poor souls that missed the bottom here. Told you don't sell your Bitcoins ...

[mp420]

I still view single digits as a possibility, and a reasonable price to be around $20 to $40. Of course, it is also possible that the bottom has really moved up, just like how we never saw $1 again after the 2011 bubble.

[balanghai]

Yeah but it will spike back again because of the surge of waiting buyers.

[San1ty]

Bears got shot down. not much to say about it. If you think single digits is still a posibility, you are delusional.

[jubalix]

the problem here is everyone has now seen it go from ATH to 50 ish and almost back, 32 to 2? ish and back....its sort of becoming oh well I purchased at ATH, and its going to 1K, 10K 100K whatever so who cares at this point, buying now is still good.

Then there is everybody waiting to pounce on $150, and imagine the buy as $100 or sub that now.....its sorta setting a floor, but it was just 2 - 3 months ago it was $75 - $85 if memory serves....

[DeathAndTaxes]

Phht.  People that don't understand logarithmic scales...

Agreed however not that long ago people were holding out for single digits as ridiculous as that was so even the bears are moving the goal posts down the field.

[freedomno1]

Phht.  People that don't understand logarithmic scales...

Agreed however not that long ago people were holding out for single digits as ridiculous as that was so even the bears are moving the goal posts down the field.

When its down accumulation when its up above your original entry value sell the remainder

[jerelimZ]

I expect we will see $100 again within 6 months.

Very likely, the price volatility is very high, so very likely

Can happen tommorow as well if bears mass sell

[Birdy]

I expect we will see $100 again within 6 months.

Very likely, the price volatility is very high, so very likely

Can happen tommorow as well if bears mass sell

The swings are big, but probably not that big.

[Don007]

The price of the bitcoins will decrease soon in my opinion, but not any further than about +/- $200. I think many people will buy more bitcoins when they hit that 'magical round price'. As the demand will heavily increase then, I see the price of bitcoins increase too from that moment. And, I think it will hit the same peak as it's going to do now or in a few days. After that it will decrease a bit, to increase even over the peak we are reaching yet.

But that's just my opinion

[RationalSpeculator]

Wow, I'm long Bitcoin, but I really thought that last dip would go lower… I'm blown away by the price strength, I may need to adjust my ladder of limit orders quite a bit higher.

Same here  

Bitcoin never seizes to amaze me.

[BitchicksHusband]

Phht.  People that don't understand logarithmic scales...

This +1

In case this is not clear.. it won't go down.. it's on a steady, steady rise.. although there may be fluctuations along the way.. the overall and long term trend is up up up steadily.. in a logarithmic sort of a way.

I'm not saying it won't go down.  I'm just saying that with the number of people "playing" at this point, less than $150 seems very unlikely unless bitcoin is dead.  Numbers like $100 and $50 are NEVER going to happen again unless bitcoin dies.  There's just no way to support it.

This isn't Apple or Google stock that's already at the end of the adoption curve.  This is the beginning of the adoption curve.  It will either be adopted (leading to a minimum of $1000+) or flame out (going the way of NetBeanz).  Nothing in between.

[BitchicksHusband]

The price of the bitcoins will decrease soon in my opinion, but not any further than about +/- $200. I think many people will buy more bitcoins when they hit that 'magical round price'. As the demand will heavily increase then, I see the price of bitcoins increase too from that moment. And, I think it will hit the same peak as it's going to do now or in a few days. After that it will decrease a bit, to increase even over the peak we are reaching yet.

But that's just my opinion

If bitcoin EVER gets below $200 again, I will buy a lot of them.

[RationalSpeculator]

Numbers like $100 and $50 are NEVER going to happen again unless bitcoin dies.  There's just no way to support it.

You sound way too confident here.

You might be proven right but your estimation of the probability is way off since it is only half the current price (little more). That is - always - possible in bitcoin, with reasonable probability simply because it has happened many times in the past, even when bitcoin was alive and well.  

[BitchicksHusband]

And this is my point.  $266 in April (way too high to support) only took us down to about $60 when it crashed. 

Mt. Gox volume then was 1 million.

Mt. Gox volume now is 41 million, with another 51 million in China.

There are so many more people and so much more money in bitcoin now (and so many that are holding long) that the price simply cannot go that low anymore.  Math doesn't support it unless bitcoin is abandoned and dies.  Maybe, at the lowest, it could go to $150 again, but I repeat that you are going to see either:

$1000

or

$0

but not a rebound from double digits.  That won't happen again just like single digits or cents has never been seen again.

Go ahead and quote this post and save it for the day that we hit $99 and throw it in my face.  I'll be glad to be wrong and will buy a ton of bitcoins that day.

[BitchicksHusband]

Numbers like $100 and $50 are NEVER going to happen again unless bitcoin dies.  There's just no way to support it.

You sound way too confident here.

You might be proven right but your estimation of the probability is way off since it is only half the current price (little more). That is - always - possible in bitcoin, with reasonable probability simply because it has happened many times in the past, even when bitcoin was alive and well.  

It's possible when the current level is wildly above the adoption curve.  This $250 is a much stronger $250 than the $266 in April.  And the $120 last month was desperately low compared to the curve.  And then a billion Chinese people got on board.