Bitcoin to hit < 100$

[hilariousandco]

My philosophy is: buy low, sell high.  It's low now, so my only question is exactly WHEN to buy.  I'm trying to catch a great price.

However, I have no problem if you want to panic sell when it is low.  Let me know when you sell, because that will probably be the bottom.  When the masses sell in a panic, that's the time to buy.

Well that's not really a philosophy but just logical. And I think you missed the perfect time to buy. Seems to be crawling back up now.

[bryant.coleman]

For a few seconds Bitcoin hit $160 in BTC-E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Someone dumped 15,000 coins in a few minutes.

Now it is back up $600+

[Tripjammer]

I myself hold a small amount of bitcoins. I heard the price will be dropping to below 100$ by end of February because of the huge MtGox scam. So is it better to sell the bitcoins and take the money to another alt coin? Or is it better to hold on to the bitcoins?

Either hold, or sell them to me please

1. There is no MtGox scam. They have some technical issues (mainly due to their own way of processing transactions, instead of sticking to the default) but nothing critical.

2. They claim there is a vulnerability in Bitcoin, but it's just a mistake on their eind. They verify transactions by awaiting confirmation for a specific tx ID, rather than just waiting for a confirmation of the address receiving the coins (no matter through what tx).

Yeah it's amazing how mt GOX is trying to get away with things blaming everything on the bitcoin protocol. Mt GOX is the real enemy of BTC...not apple...apple is just scared...

[Kazimir]

Thank you - at last somebody that can undermine my statement! I think I am out. Anybody wanna buy 9 BTC?

Yes, I'll take them. Can you dump them on BTC-e please, I have some large buying orders open there. Thanks!

[thecoinjournal]

It already bounced back.

[guybrushthreepwood]

For a few seconds Bitcoin hit $160 in BTC-E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Someone dumped 15,000 coins in a few minutes.

Now it is back up $600+

Yeah, we saw. I was watching. Thought it was gonna go all the way down to single figures at one point. I hope all these panic sellers who sold at $100+ are feeling it now.

[j3steven]

BTC-E low $102 wowwww.....

[lnternet]

My lowest limit order that executed while I was asleep was $540 at bitstamp, $520 is still up. If BTC-E went that low someone fucked up big time.

[guybrushthreepwood]

For a few seconds Bitcoin hit $160 in BTC-E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Someone dumped 15,000 coins in a few minutes.

Now it is back up $600+

It hit a low of $102

Apparently someone sold 4,000btc at $102.

I assume thats now one angry whale 

Why would somebody sell for that little? Did they make a mistake with their sell orders or something?

[thecoinjournal]

For a few seconds Bitcoin hit $160 in BTC-E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Someone dumped 15,000 coins in a few minutes.

Now it is back up $600+

It hit a low of $102

Apparently someone sold 4,000btc at $102.

I assume thats now one angry whale 

Maybe Mt Gox bought those coins.

[miketonic]

sell it! what are you waiting for?

maybe a rebound back to 1000$?

It's hard to predict. Only hold bitcoins you can afford to lose.

Exactly, we can only make guesses. Don't listen to all kind of predictions. If you believe in BTC, hold or buy and if you don't, sell.

[j3steven]

I doubt it was human error and actually a bot script error of some kind

[hilariousandco]

I don't mine ELP i did like long time ago when i started using these forums and now i can't change my profile picture so wake up.

If you contact an admin they'll remove it, but wont change it.

For a few seconds Bitcoin hit $160 in BTC-E!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Someone dumped 15,000 coins in a few minutes.

Now it is back up $600+

It hit a low of $102

Apparently someone sold 4,000btc at $102.

I assume thats now one angry whale 

Maybe Mt Gox bought those coins.

Ha, now they'll miraculously start giving everybody their coins back.

[meade16]

I myself hold a small amount of bitcoins. I heard the price will be dropping to below 100$ by end of February because of the huge MtGox scam. So is it better to sell the bitcoins and take the money to another alt coin? Or is it better to hold on to the bitcoins?

What about this post   

https://bitcointalk.org/index.php?topic=413225.0

[thecoinjournal]

the whale obviously pannicked.

whoever had buy orders at $102 on btc-e made a good profit

5 times of investment in a few minutes.

[James222]

The price of bitcoin will take 1-2 years to go back to what it was if it goes back. That's just my opinion tho

[BitcoinMamba]

Well the price probably isn't going under $100 right now, but seems like the Mt Gox case can have a good effect on the btc price in the long run. A lot of people (investors) have been waiting for the price to drop, so it's a good time to start buying again.

With positive news about new merchants accepting bitcoin, the price is sure to rise with new investors coming into the game with every positive article published all around the web and media.

[jzcjca00]

The price of bitcoin will take 1-2 years to go back to what it was if it goes back. That's just my opinion tho

I'm not sure.
Sentiment changes very quickly. In 6 months everyone will be screaming BUY BUY BUY

1-2 Bitcoin years is two weeks on the regular calendar.

[bitpop]

.

[thecoinjournal]

The price of bitcoin will take 1-2 years to go back to what it was if it goes back. That's just my opinion tho

I'm not sure.
Sentiment changes very quickly. In 6 months everyone will be screaming BUY BUY BUY

1-2 Bitcoin years is two weeks on the regular calendar.

Bitcoin year.

I like this term.