Why haven't the prices gone back to 750-800+ yet?

[bitcoinsrus]

Gox fiasco is over and should quiet the panick storm for now.  Yellen said bitcoin is not touchable.  News of possible exchanges (NY).  People buying miners like crazy to add to the hashrate.  Mobile apps dedicated to the blockchain.  Overstock accepts btc.

What else do we need for the prices to go back to what I believe is normal (750-800+)?

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[Searing]

Gox fiasco is over and should quiet the panick storm for now.  Yellen said bitcoin is not touchable.  News of possible exchanges (NY).  People buying miners like crazy to add to the hashrate.  Mobile apps dedicated to the blockchain.  Overstock accepts btc.

What else do we need for the prices to go back to what I believe is normal (750-800+)?

well for one thing ...if everyone is like me ...we all have to wait for our "as**o*es" to "unpucker"


er at least I'm waiting for that to happen first before I jump in again with both feet


(we who live to run away can play the bitcoin markets another day!"

Searing

[anu]

What else do we need for the prices to go back to what I believe is normal (750-800+)?

More people buying?

What do you expect? It'll take time. The press is telling everyone that Bitcoin is dead, once and for all (the umpthenth time). They will come back in a couple of weeks and discover that for some reason, MtGox != Bitcoin.

[TERA]

Because consolidation.

[Lethn]

You have to bear in mind that MTGOX was one of the biggest and most widely advertised Bitcoin exchanges out there so it's only natural that that the price has dropped like it has and is having to steady itself, you've also lost a lot of trading volume too because of the scare so that's going to affect the price as well. It will take some time, partly because everybody only on the media ranted on about MTGOX as being the 'major' exchange so people have to find other exchanges to trade on but also traders, especially the people who got burned by this will be exceptionally careful about where they put there money now.

I actually like this because I hope people will finally learn now why they should leave large quantities of their money in the hands of another person.

[FelixOliver]

More Adoption.. Sparked by some major event... bank runs in Ukraine? ...Another financial mishap in the US / UK?...

I do feel that something major is going to happen, along those lines, within the next few months

[BitCoinsLOL]

Gox fiasco is over and should quiet the panick storm for now.  Yellen said bitcoin is not touchable.  News of possible exchanges (NY).  People buying miners like crazy to add to the hashrate.  Mobile apps dedicated to the blockchain.  Overstock accepts btc.

What else do we need for the prices to go back to what I believe is normal (750-800+)?

Thanks for the option We need OP to stop making posts/polls. Seriously though with so much uncertainty about MtGox it's a wait and see situation it's far from over.

[redhawk979]

Overstock is like the McDonalds of online retailers. They don't do nearly as much in sales as something like Amazon.
GOX had a ton of negative publicity, considering it got a lot of public exposure. It may be good in the long run, but public perception means a lot too.
Bitcoin itself is not touchable. But regulation of any business who accepts BTC is, and that can put a damper on price.
A lot of the price as it sits now is due to the sheer amount of speculators

[Ibian]

Gox fiasco is over and should quiet the panick storm for now.  Yellen said bitcoin is not touchable.  News of possible exchanges (NY).  People buying miners like crazy to add to the hashrate.  Mobile apps dedicated to the blockchain.  Overstock accepts btc.

What else do we need for the prices to go back to what I believe is normal (750-800+)?

Thanks for the option We need OP to stop making posts/polls. Seriously though with so much uncertainty about MtGox it's a wait and see situation it's far from over.

What's the uncertainty? They are done. Nobody is getting their money out in less than two years if at all. They are no longer relevant in any way.

[lumierre]

We are already gaining momentum. MACD is indicating a possible reversal on the daily chart. Once the momentum picks up, the bad news will be history.

[wobber]

We are already gaining momentum. MACD is indicating a possible reversal on the daily chart. Once the momentum picks up, the bad news will be history.

Where do you see that momentum because I can't see anything?

[coinpharmer]

Gox fiasco is over and should quiet the panick storm for now.  Yellen said bitcoin is not touchable.  News of possible exchanges (NY).  People buying miners like crazy to add to the hashrate.  Mobile apps dedicated to the blockchain.  Overstock accepts btc.

What else do we need for the prices to go back to what I believe is normal (750-800+)?

I know it may be hard to step away, but try to. nothing big will happen in the next month that 2 months from now will even matter. If the price drops it will be a short lived dip because there is a lot of money waiting to buy cheap coins- dont believe the posts you read of people "cashing out and leaving forever" thats all bullshit, they may well have cashed out, but trust that they will buy back if the price goes low enough, and if it starts to skyrocket, they will also buy back because they believed enough to invest at one point in time already.


http://www.imdb.com/title/tt2821314/   

this

https://www.google.com/search?client=ubuntu&channel=fs&q=decentralized+bitcoin+exchange+project&ie=utf-8&oe=utf-8

scrypt asics making alts no longer "profitable" vs mining bitcoin directly will also hamstring the alt market and pump btc proportionally.

the winklevoss etf opening investment options for retirement funds and other money currently blocked from entering the bitcoin market.

and there are more

any one of these could push the price well over 1k, easily. combinations of these could drive it higher.
I saw dogecoin T-shirts at hottopic the other day at the mall, and requested they carry anything that says bitcoin. its coming, give it time and try to wait with confidence.

[Dafar]

We need nothing, the market will correct itself in next few weeks-months
We need a longer wait (2-3+ months or even longer)


How are these options different?