will it ever go back up to $1200?

[Tallwater]

ofcourse it will dude

[Kenshin]

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

China is the reason it when up then back down. I am confident that it will be $2000 in Q1 2014.

[pepo930]

Every now and then (usually every 3-6 months) the price increases more than 3 times, crashes to half of the all time high and then continues to steadily rise again before forming a new bubble.
The next bubble would probably be $2000-3000.

[Jochen]

Follow the news man http://www.coindesk.com/.
Sure it will.

[Sand]

I believe it will, I don't think Bitcoin's wild ride is over yet. It's now become a speculative commodity, and a lot of people trade in it. It's bound to it the 1000 mark again

[mwilliams]

I have no doubts it will go back up to $1200.
Given the lack of stability that Bitcoin has right now, it may not be in the near future, but if the predictions are correct, Bitcoin value should be around $2000 in late 2014.

[Flashman]

I'm going to be nervous until tomorrow actually, and there might be bargains today... depends how many people want to liquidate to make accounting/taxes easier for year end.

We actually get into 2014 and yup I think we're on an upswing again, you notice a lot of new people here? I think people were talking to family and friends over the holiday period, lost of new interest.

[electrocat]

I'd like to say it'll go up, and it probably will with the introduction of a lot of services. It'll be interesting to see what scrypt ASICs do to the bitcoin price.

[birmingham]

It will go to and beyond $1200. but high volatality remains. It can't be changed anytime.

[riggityroche]

I'd bet it goes quite a bit higher on long enough timeline.

[Hypnoise]

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.

similar in India, but it will go well over 1200, no doubts

[brigadeor]

I think it will go up by mid of this year.

One can't expect sudden upward movement this month.

[erasrub]

China and India doesn't seem to support crypto coins. So like the same with other countries. It can't be predicted now, Let's wait and see.

[Kenshin]

I'd like to say it'll go up, and it probably will with the introduction of a lot of services. It'll be interesting to see what scrypt ASICs do to the bitcoin price.

I reckon it will push Bitcoin price up. When scrypt ASIC comes out.

[colinfx]

I have traded the FX markets for years, this price action supports continued further upward movements, price is now resting on a support level. Crypto is here to stay - wish I got in earlier than last week!

Happy new year!

QRK: Qcfuxzmzev2Vz4PamuxUtPg8WzqPicrWUa
FTC: 6paiFEVnPMvhrxvWMVjLpZuspGmRuwTtjN
LTC: LWaHKH618e7z22PBLzbRUG4XrSX2GirwA3
DOGE:DUNBJgJ3qJTUgBcamjMYWp8LAZgZwV7ZyB

[excword]

It will go up and down this year. May not settle or rest at particular price.

Be ready to trade between 500 to 1500.

[luqash3]

It went to $1200 to show the world that it is full of potential but now as it is tackling serious issues with big powers so temporarily it has retreated to $700 but mark my words it shall bounce back and this time it shall cross $1500 as bitcoin are the futures globally accepted currency overtaking fiat currency 

[Naka]

It has had many bumps but on average it has only steadily risen. This rise then fall has happened time and time again. From a simplistic point of view it will reach that point again, but in reality practically nobody really knows.

[mg1970]

Its going to slowly keep rising with little dips.  Glad the chinese crap is over. 

[RomanMercury]

It will happen then then it will be sold off to $800, up and down