Rate drops rapidly now

[kireinaha]

I:m surprised it dropped so far overnight, maybe China is losing some steam? After yesterday:s performance, I expect it will pick up again today, and we should be able to top $1,000. If it rolls right past $1,000 and up to the $1,500 range this week, I expect that a return to the $100-$200 range isn:t too far fetched. I think what some people new to wild west style markets like this don:t realize is that the higher you build a speculative bubble up, the farther it has to fall.

If we see it top up around $1000 this week and then stall, we may then legitimately have a new floor around the $300-$400 range.

[ThatDGuy]

If we see it top up around $1000 this week and then stall, we may then legitimately have a new floor around the $300-$400 range.

I would be very surprised to see a drop to $300-400 after China's surge, the positive congressional hearings, and being the #1 Google Trends for yesterday.  While those trends are a lagging indicator of price, they are also a good indication of new interest which generally takes around a week before putting any fiat in.

Keep in mind that *new money* saw a high of $900, so even a price of $500-700 if it sustains here for a day or two would seem like a good deal (and I believe it would actually be a good deal)