$300 or $800 next?

[boumalo]

$800!

There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).

I don't think that a blockchain error that would last one week or a sigle exchange that run with the custommer's money would take the price to 300$; how much did the price fell when blockchain was down for 48h? 8%? And the biggest bitcoin exchange shuted down without reimbursing anyone didn't move the price that low

Someone working the minimum wage in the states can save up to 1BTC/month; let's see how much he will be able to save in 5years..

[segeln]

$800!

There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).

+1

[EvilPanda]

$800!

There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).

I don't think that a blockchain error that would last one week or a sigle exchange that run with the custommer's money would take the price to 300$; how much did the price fell when blockchain was down for 48h? 8%? And the biggest bitcoin exchange shuted down without reimbursing anyone didn't move the price that low

Someone working the minimum wage in the states can save up to 1BTC/month; let's see how much he will be able to save in 5years..

Yup, but the Gox shutdown moved price by ~$200, even though people knew Gox smelled fishy for months. Imagine this happening now with e.g. BTC-e, while the price is ~$600. And the blockchain bug was quickly repaired, I'm talking about something big like a virus within the block chain taking it down for a few weeks.

[zimmah]

I want to get cheap coins first so.... 300 

what you want to happen is not the same as what you think will happen

[boumalo]

$800!

There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).

I don't think that a blockchain error that would last one week or a sigle exchange that run with the custommer's money would take the price to 300$; how much did the price fell when blockchain was down for 48h? 8%? And the biggest bitcoin exchange shuted down without reimbursing anyone didn't move the price that low

Someone working the minimum wage in the states can save up to 1BTC/month; let's see how much he will be able to save in 5years..

Yup, but the Gox shutdown moved price by ~$200, even though people knew Gox smelled fishy for months. Imagine this happening now with e.g. BTC-e, while the price is ~$600. And the blockchain bug was quickly repaired, I'm talking about something big like a virus within the block chain taking it down for a few weeks.

If the problem is a problem with blockchain.info it is very different than if it is a problem with Bitcoin

200$ was 25% or so from 800$ but the price droped from higher may have been caused by mtgox as well
25% now is a 150$ drop from 600$

Exchanges not being trustworthy is priced in so you would think it would less than a 25% drop if btc-e went south

[counter]

good question I say.  I"m thinking 800 but I don't know what to expect these days things are getting crazy.  but people don't seem to panic as much as they used to but that could also change... we shall see soon enough

[Mayuyu48]

i think we'll see $800 in near future, maybe in july/august
 

[maurya78]

$800 likelier

[avanda1121]

Vote for 800

[Bit_Happy]

Short-term neither.
Longer-term probably $800, since there are too many positives to go under $400.

[Dangolbery]

Pfft $300 will never happen.

The bottom is $570, despair bottom is no lower than $380 (short lived price). Buy anywhere below $570 to be in the money. Set some buys at $400ish if you want to try and hit the bottom.

No i'm not going to tell you how i came up with these numbers but it's science.

Deal with it bears.

[Bit_Happy]

Pfft $300 will never happen.

The bottom is $570, despair bottom is no lower than $380 (short lived price). Buy anywhere below $570 to be in the money. Set some buys at $400ish if you want to try and hit the bottom.

No i'm not going to tell you how i came up with these numbers but it's science.

Deal with it bears.

How can the the bottom be $570 when we were below $570 just a day or so ago?

[Dangolbery]

Pfft $300 will never happen.

The bottom is $570, despair bottom is no lower than $380 (short lived price). Buy anywhere below $570 to be in the money. Set some buys at $400ish if you want to try and hit the bottom.

No i'm not going to tell you how i came up with these numbers but it's science.

Deal with it bears.

How can the the bottom be $570 when we were below $570 just a day or so ago?

FUD, despair, gox.

All temporary.

Hence the despair bottom price.

[bgmc]

$300 is too low, but it may hit close to $400. There are a lot of buy orders around $400, so I doubt it'll break below this level. If it does ... well that sucks.

[Bit_Happy]

$800!

There's really no o chance for 300 now, unless there's a big failure like a blockchain bug, that takes weeks to repair or a big exchange running with custommer's money. Price below 500 seems really cheap to most people and there's a ton of orders set up between 400 and 500. If it ever falls below that we can as well have $100BTC, because it wouldn't have anything to do with a correction. It would be a major system failure and make people just take their fiat and run as far as possible (which is unlikely with so much invested in hardware).

There is a very real chance for $300, but probably under 10%
~90% chance we see $800 next.

[BitEscrow]

 If you listen to the bullshit coming from this site you could assume that bitcoin is going to 1,000,000 a coin. I hope it goes to 1c to show you how your own ignorance CAN kill something good.

[dropt]

If you listen to the bullshit coming from this site you could assume that bitcoin is going to 1,000,000 a coin. I hope it goes to 1c to show you how your own ignorance CAN kill something good.

How exactly do you correlate ignorance and BTC being $0.01?

[Torque]

If you listen to the bullshit coming from this site you could assume that bitcoin is going to 1,000,000 a coin. I hope it goes to 1c to show you how your own ignorance CAN kill something good.

Without optimism, there would not be more adopters of bitcoin, but less.  And without more adopters of bitcoin, the price would not rise.

Would you rather pessimism and negativity be the pervasive attitude of bitcoiners?

[CryptoClassroom]

The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.

However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.

My vote goes for $800.

[boumalo]

The scary thing is that anything is possible at this point. The announcement of the IRS taxing Bitcoin has already caused it to fall 11% in the past 24 hours, one of the biggest drops since the Mt. Gox incident. If something similar were to happen again now, I could certainly see it going under $300.

However that's quite unlikely. A lot of people have buy orders in the $400 range, including myself. I think Bitcoin will slowly recover and continue to rise. I certainly wouldn't be selling right now.

My vote goes for $800.

Long term the price will rise and there is a lot of support each time we go down a tiny bit

A huge problem in the protocol or something similar is always possible but it is probably priced in and unlikely