What do you really think the bottom of bitcoin price after MTGOX is down?

[kwukduck]

Just imagine what a massive, never seen before crash we will have when all the cheap goxcoins get dumped on the other exchanges.
We may just see single digits again within a week.

[Torque]

Just imagine what a massive, never seen before crash we will have when all the cheap goxcoins get dumped on the other exchanges.
We may just see single digits again within a week.

So what makes you so sure that these mysterious "goxcoins" even exist?

[boumalo]

Just imagine what a massive, never seen before crash we will have when all the cheap goxcoins get dumped on the other exchanges.
We may just see single digits again within a week.

So what makes you so sure that these mysterious "goxcoins" even exist?

And why would they sell them all?

[raspcoin]

Just imagine what a massive, never seen before crash we will have when all the cheap goxcoins get dumped on the other exchanges.
We may just see single digits again within a week.

So what makes you so sure that these mysterious "goxcoins" even exist?

They do exist, but not in the users' hands. It is possible that the MtGox team is already dumping the coins on other exchanges.

[AmazonStuff]

We probably have one week before Gox is officially dead, considering current price fall rate on other exchanges they will be in a week probably somewhere at $450. After that, Gox will be dead and BTC will have some negative media attention, so I guess price will continue to decline, but at slower rate. It will last probably around 2-3 months. Question is where it will end it's decline, well probably somewhere around $200-$250 after that we will have 2 months of slow increase and then new rally, just as nothing happened

[boumalo]

Just imagine what a massive, never seen before crash we will have when all the cheap goxcoins get dumped on the other exchanges.
We may just see single digits again within a week.

So what makes you so sure that these mysterious "goxcoins" even exist?

And why would they sell them all?

You have to admit -- buying in the low $100s or double digits, then turning around and selling in the $500s looks pretty fucking juicy.

Buying at 100$ then selling those goxBTC at a 50% discount for realBTC looks pretty juicy&safe as well

[Bobsurplus]

I think the average will be between $152.26 and $198.09

[jeffg]

There are two possible scenarios:

1. MtGox survives and allows btc withdrawals: people will arbitrage their mtgox coins on other exchanges and the prices will aligne somewhere in the middle between all exchages: something like 300-400$

2. MtGox files bakrupcy: people will lose trust in bitcoin and will sell: price will drop something around 400$ (hard to say)

[Dragonkiller]

There are two possible scenarios:

1. MtGox survives and allows btc withdrawals: people will arbitrage their mtgox coins on other exchanges and the prices will aligne somewhere in the middle between all exchages: something like 300-400$

2. MtGox files bakrupcy: people will lose trust in bitcoin and will sell: price will drop something around 400$ (hard to say)

everyone keeps saying this, but it is bullshit

[BittBurger]

Agreed.

You'd think the people on Bitcointalk would be smarter than the weak hands who run crying at any bad news.

But going by how you all talk (above) ... you are the weak hands.

None of you have any knowledge or awareness or faith in the Bitcoin infrastructure, do you?  Its all about the market price.  Nothing more.  The highs.  The lows.  The bad news...

Congrats.  You guys are the reason the Bitcoin price can't stay stable.  

I encourage you all to stop for a moment and read this:  http://thenextweb.com/insider/2014/02/15/bitcoin-platform-currency

"Bitcoin: It’s the platform, not the currency, stupid!"

Learn about what you're investing in.  Take a moment.

-B-

[traderCJ]

Agreed.

You'd think the people on Bitcointalk would be smarter than the weak hands who run crying at any bad news.

But going by how you all talk (above) ... you are the weak hands.

None of you have any knowledge or awareness or faith in the Bitcoin infrastructure, do you?  Its all about the market price.  Nothing more.  The highs.  The lows.  The bad news...

Congrats.  You guys are the reason the Bitcoin price can't stay stable.  

I encourage you all to stop for a moment and read this:  http://thenextweb.com/insider/2014/02/15/bitcoin-platform-currency

"Bitcoin: It’s the platform, not the currency, stupid!"

Learn about what you're investing in.  Take a moment.

-B-

Bitt, you are the reason that bubbles occur.  Speculation is good.  Speculation is price discovery.  Derivatives reduce volatility.  Grow up.

[traderCJ]

There are two possible scenarios:

1. MtGox survives and allows btc withdrawals: people will arbitrage their mtgox coins on other exchanges and the prices will aligne somewhere in the middle between all exchages: something like 300-400$

2. MtGox files bakrupcy: people will lose trust in bitcoin and will sell: price will drop something around 400$ (hard to say)

This is precisely how I see it.

[BittBurger]

There are two possible scenarios:

1. MtGox survives and allows btc withdrawals: people will arbitrage their mtgox coins on other exchanges and the prices will aligne somewhere in the middle between all exchages: something like 300-400$

2. MtGox files bakrupcy: people will lose trust in bitcoin and will sell: price will drop something around 400$ (hard to say)

This is precisely how I see it.

This is utter bullshit.   Grow up (in your Bitcoin knowledge).  Bitcoin is not a stock.  It is a platform.  And while you and all your buddies are sweating all day hunched over your computers to try and make $15 on the highs and lows, the rest of us are investing in whats actually being created, and not stressing over some bad news.  Bad news is irrelevant.  Speculation has a negative connotation.  Call it what it really is:  Confidence in the technology.  Your confidence is in your charts that you used for Google stock.  This is why your'e all freaking out and terrified right now, while the rest of us are relaxed.  Fortunately as *ADOPTION* increases, and the volatility decrease as a result, you all wont have enough highs and dips to warrant sticking around, and you'll go back to your eTrade screens.

-B-

[BittBurger]

Actually i take it back.  Maybe 90% of you are flipping out because your days of arbitrage from Bitstamp to Gox, etc are now over.

I can see why you're all so sad.  For the rest of us, omitting your kind from the equation is good. 

None of you did anything good for Bitcoin, its price stability, or its reputation.

Sorry to see you go.

-B-

[traderCJ]

Sorry to see you go.

You're furious, and you shouldn't be.

You getting angry at speculators makes about as much sense as getting angry at weather forecasters.  The more people chiming in on what they consider to be a fair price for something, the more accurate its pricing will be.

Besides, anyone who buys a single Satoshi is a speculator.  Bitt, you speculated on Bitcoin when you bought it at $X price.  You continue to speculate on it by NOT buying or selling at $Y price.  There is no high road for you to take.  Stop getting emotional about this, it does no one any good.

[MAbtc]

And while you and all your buddies are sweating all day hunched over your computers to try and make $15 on the highs and lows

LOL

[jasonjm]

before china went crazy it was around $100

now that china is banned, why wouldn't it go back to $100?

as of yet there is no china replacement.

[Lauda]

0.1$ per BTC. All panic now! Sell into my hands.

[raid_n]

before china went crazy it was around $100

now that china is banned, why wouldn't it go back to $100?

as of yet there is no china replacement.

It won't go back to 100 because that is what you and an estimated million others are hoping for (excluding gox for the moment )

[romerun]

350 before new rally