Bitcoin price hit new lows

[BitcoinWalker]

On Coinbase, both buy/sell prices are now under 500 for the first time after having run up to nearly $1,200 just 3 weeks ago.
https://bitcoinwalker.com/coinbase

On Bitstamp, the value of Bitcoin went down deeply into the 450-500 range:
https://bitcoinwalker.com/bitstamp/

On BTC-E, things don't even look better:
https://bitcoinwalker.com/btce/

The worst of the worsts is obviously happening on BTCChina:
https://bitcoinwalker.com/btcchina/

[wakasaki808]

Most of the Chinese are getting out of the crypto-currencies because of what has unraveled in the past couple hours/days/weeks. BTC most likely will hit around the $100-200 (maybe $300-400) price point again until there is a new catalyst that brings it back up.

[kwoody]

i wonder how pissed the winklevii are. or how pissed the winklevii's investors are. wonder if they've sold yet.

[beetcoin]

Most of the Chinese are getting out of the crypto-currencies because of what has unraveled in the past couple days/weeks. BTC most likely will hit around the $100-200 (maybe $300-400) price point again until there is a new catalyst that brings it back up.

$100-$200? strongly doubt. it will not end up where it started. i think somewhere between $300-$500 is looking likely now.

i wonder how pissed the winklevii are. or how pissed the winklevii's investors are. wonder if they've sold yet.

i believe they are still up 50 fold for the price they paid.. can't be too pissed off about that.

[wakasaki808]

Most of the Chinese are getting out of the crypto-currencies because of what has unraveled in the past couple days/weeks. BTC most likely will hit around the $100-200 (maybe $300-400) price point again until there is a new catalyst that brings it back up.

$100-$200? strongly doubt. it will not end up where it started. i think somewhere between $300-$500 is looking likely now.

i believe they are still up 50 fold for the price they paid.. can't be too pissed off about that.

Possibly. Let's just see where the new floor is for the BTC price when this all settles.

[coastermonger]

And pulling back our view a bit, we see:

[nastybit]

I was finally be able to buy back in without a loss
beetcoin you are right only if it follows the previous bubbles, there is no bottom

[kwoody]

so i just put on my tinfoil hat(smoked some drugs) and thought to myself, what if China planned this all along? what if they wanted to pump the value of BTC through the roof and then dump it all? Kings of pump and dump in the BTC marketplace?

[420]

I was finally be able to buy back in without a loss
beetcoin you are right only if it follows the previous bubbles, there is no bottom

once it passes the bubble price twice; doesn't go back. our bottom is $300

[ljudotina]

so i just put on my tinfoil hat(smoked some drugs) and thought to myself, what if China planned this all along? what if they wanted to pump the value of BTC through the roof and then dump it all? Kings of pump and dump in the BTC marketplace?

lol same tought crossed my mind 

[EndTheFed321]

I only hope it continues to fall \

BTC needs to get rid of the speculators 

[Mjbmonetarymetals]

I believe we will sell off to around the $200 level reaching the $600-$800 through 2014, ok it's great when it's going vertical, character building during these times, once the dust settles work on infastructure continues the ownership of Bitcoin widens further there's nothing to see here but growing pains if you can't take the heat, excitement - return your ticket for the roller coaster.

[cybnate26]

Bottom might even be a bit deeper this time, because we are close to Christmas. Most speculators will consolidate their positions back to dollars and abandon the market till after Christmas and New Year.
And of course everyone who made a bit of profit is now stepping out to pay the Christmas bills.

It is all just triggered a bit earlier than expected because of the Chinese going out of the market (for now).

I'm in for the long haul, let's see how we look end of February. Bet we're back to $1000 or higher probably.
I would say, it's getting a good time to buy a bit more.

Just my thoughts.

[jackioflap]

Ive been waiting for a good crash for a while now. Ive got the money set aside. Just want to see it hit 400 and ill have 20 BTC.  

[tropicalmonsoon]

Well even though I bought in at $1000, I'm very glad that I didn't buy much!  Means I can pick up lots of cheap coins once the price stop falling 

[Bytas]

What new low? The price was $100 about 3 months back. I don't see no new lows here, just the normal adjustment after extreme media attention and craze.

[Bitbuy]

so i just put on my tinfoil hat(smoked some drugs) and thought to myself, what if China planned this all along? what if they wanted to pump the value of BTC through the roof and then dump it all? Kings of pump and dump in the BTC marketplace?

Doesn't seem so impossible...once Chinese get involved, everything gets spiced up a notch  First they get their gains for Bitcoin, then ban it, and then "invent" ChinaCoin.

[seleme]

i wonder how pissed the winklevii are. or how pissed the winklevii's investors are. wonder if they've sold yet.

why would they be pissed, they bought at double digits 

[BitcoinWalker]

so i just put on my tinfoil hat(smoked some drugs) and thought to myself, what if China planned this all along? what if they wanted to pump the value of BTC through the roof and then dump it all? Kings of pump and dump in the BTC marketplace?

Doesn't seem so impossible...once Chinese get involved, everything gets spiced up a notch  First they get their gains for Bitcoin, then ban it, and then "invent" ChinaCoin.

It seems that coins are pretty 'cheap' right now. The question is: would you want to buy some given the less rosy market trend at this time?

[bathwater]

Bottom might even be a bit deeper this time, because we are close to Christmas. Most speculators will consolidate their positions back to dollars and abandon the market till after Christmas and New Year.
And of course everyone who made a bit of profit is now stepping out to pay the Christmas bills.

It is all just triggered a bit earlier than expected because of the Chinese going out of the market (for now).

I'm in for the long haul, let's see how we look end of February. Bet we're back to $1000 or higher probably.
I would say, it's getting a good time to buy a bit more.

Just my thoughts.

smart.

i wonder how low you think it might go. although by the time feb. gets here, ive heard the jpmorgans are rolling out with their own version.

although i agree with your about the near holiday slumping, im worrying about the feb - june time period.

i call 1000$ in early 4th quarter.  the possibility of 100$ and 200$ is out of the question. the bottom i would say is 265- 355 $ , for the holiday season. and a possible 200$ in march - april.