$300 or $800 next?

[Yololintian]

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

A huge problem in the protocol is definitely not priced in.

[Swordsoffreedom]

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

A huge problem in the protocol is definitely not priced in.

Well the split issue with two blockchains for a bit and the problem with Gox I say it is partially priced in now

[T.Stuart]

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

A huge problem in the protocol is definitely not priced in.

Well the split issue with two blockchains for a bit and the problem with Gox I say it is partially priced in now

If the blockchain went off in two directions now I think we would be in for some more tumbling!

[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

A huge problem in the protocol is definitely not priced in.

It is priced in but ponderated by the probability of it happening so the price would obviously tanked a lot if a huge problem of the protocol rises

I think there is a higher probability of a huge good news than a huge bad news but maybe it is priced in as well

[suchnoob]

[spazzdla]

The price fell to $440 when gox fell apart.  IMO the floor is $400.  When people go dump crazy there will be to many buyers to let it go lower.

[Dalmar]

The price fell to $440 when gox fell apart.  IMO the floor is $400.  When people go dump crazy there will be to many buyers to let it go lower.

A Chinese buying spree is what stopped Western markets from going sub-400 during the Gox fiasco. If those Chinese gamblers get their liquidity cut off I don't see what would hold it up.

[Zule]

The price fell to $440 when gox fell apart.  IMO the floor is $400.  When people go dump crazy there will be to many buyers to let it go lower.

A Chinese buying spree is what stopped Western markets from going sub-400 during the Gox fiasco. If those Chinese gamblers get their liquidity cut off I don't see what would hold it up.

That liquidity works both ways

[bitcoinsrus]

475 stamp 

[igorr]

Zero soon.

[akujin]

475 stamp  

466 

[Don007]

Zero soon.

You made me laugh.

I think we will see +/- 400 in the next 48 hours. After that it will stabilize about 600 in a few days. And in a few weeks, we will rise towards the $800 again .

[boumalo]

475 stamp  

466  

It is rebouncing now 483$

I know this type of rebounce it is right before the next dip..

EDIT : it diped then rebounced again

[xybersurfer]

i get the impression that that bitcoins are overbought, with the bans in china

[spazzdla]

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[Swordsoffreedom]

Well now I'm a little curious if that bottom will really hold or if we will see 300 briefly likely not still lol

[Bit_Happy]

$400 is down well over 50%, so much of the danger is gone.
A chart like that sure makes it look like it could go either way.

[boumalo]

$400 is down well over 50%, so much of the danger is gone.
A chart like that sure makes it look like it could go either way.

It can go either way; there is a lot of support below 500$ so I wouldn't bet on 400$ but it is possible; once a few support are broken it can go down sharply finding a new support

All this drama, all this negativity will stop and the price will spike up

[Swordsoffreedom]

Well when looking at that chart it certainly seems like a downward trend but the fundamentals start to measure up a bit lower down so interesting call, guess we will see soon.

[igorr]

we enter into the fifth month of constant decline in prices,
Check Trend line from decembar 2013 year !

Trend and price before 1 month:


Trend and price today, It not look good, price follows the trend


See you again within a month with trend lines and current price.