will it ever go back up to $1200?

[totoro15]

whats going on right now? why did it go up to $1200 but now back down to $700. just curious!

[lagomorph7]

China is what happened: http://www.coindesk.com/bitcoin-price-falls-btc-china-exchange-shuts-fiat-deposits/

Basically, transferring to/from yuan/bitcoin suddenly became much more difficult. And, due to bitcoin's previous run up in price being due to China, this was a blow to the speculators.

[mladen00]

china....


it will go up to $10000+

[totoro15]

thanks guys

[mekks082]

willtake some months imo but it will happen.

[MegaFarmer]

Just be patient.
After the peak in april everybody was thinking 'will it ever reach $270 again?', now see where we are at.

[battlescars]

Ever? Of course are you kidding me, the reason why the price of bitcoin dropped is due to china, but imagine when more businesses
are opening for BTC and that when more people get aware of btc and more people use btc, the price will sky rocket well over that number,
It will be bigger and bigger each year.

[jonanon]

The truth is no one really know what it will do - you can predict but there is no certainty.

[aulonocara]

I remember when I first saw it go over the $50 mark.... I couldn't believe people were coughing up real money to buy in. I guess they were on to something.

[syncon]

I think decentralized P2P currency will only gain more traction as people get sick of the way governments allow corporations to run their fiat based systems.

[cryptoprime]

Yes, consider this your best deal you'll ever get to the mooon!

[EarthCoinOne]

it wil be 2-3k in 2014!

[Sonny91BE]

I recon , that there is a possibility for the market to head for a newpeak and this peak will be around the 5-10k level max. I speculate on 5K at the end of 2014.

[BitcoinWalker]

Bitcoin is worth $800 on MtGox now. So it is getting close to the last peak.

[impu]

economist say - target BTC is 10k $

[mprep]

economist say - target BTC is 10k $

I'd say it's possible we reach that mark somewhere in late 2015. At least that's what I heard from various speculators around the forums.

[guigui371]

great news

[FalconFly]

But whereever it goes - don't bet all your savings on one horse so to speak and be mentally prepared for swings into the less desirable direction.

IMHO take profits at some realistic point so you're in the green regardless of what happens in the future. Once in the green with your investment, use your remaining BTC to see how far it can take you.
In short, don't hope for the moon; rather try to build a staircase up there (take profits once a while) as to make sure you don't get crushed should those stairs (or a part of them) come crashing down.

[DodoB]

Soon. its steadily rising after the sudden drop.

[hilariousandco]

China is what happened: http://www.coindesk.com/bitcoin-price-falls-btc-china-exchange-shuts-fiat-deposits/

Basically, transferring to/from yuan/bitcoin suddenly became much more difficult. And, due to bitcoin's previous run up in price being due to China, this was a blow to the speculators.

People panic selling is what happened.

I'm sure it'll go above and beyond in 2014.