How low can Bitcoin go?

[gamma-sequence]

Bitcoin has crashed following Chinese government decision. It lost half of its value. Is it a good buy now? How low can BTC go? Any comments appreciated!

[jorneyflair]

Only god knows

[zeraTunerse]

How low can BTC go?

No lower than $0, this im sure. But seriously there is still chance for the price to go down to $400 this month if serious number of coins are dumped

[gamma-sequence]

How low can BTC go?

No lower than $0, this im sure. But seriously there is still chance for the price to go down to $400 this month if serious number of coins are dumped

lol, I know that too Yes but I don't think it will go anywhere below $100.

[maurya78]

Probably around $150 which is where the price was before the China news taking it up to $1000 happened

[radi324]

China won't outright ban bitcoins. It's been trying too hard to fit in with the western world to risk losing some of its standing by doing this. Also, it's a massive opportunity for any country right now to make the first step and accept Bitcoin as legal tender. It might be next year, maybe in 5 years' time... who knows?

[MastercoinNL]

I think China will dump some more coins the coming days, but other countries would just love to take them for 3,4, of 500 dollars each