Finally we may see under $400

[Bit_co_i_n]

$400 looks likely. It's at $413 now, down from around $450 earlier today.

Under $400 is very likely. The demand has completely dried up. I saw the same thing happen in 2011.

What I have said back then and now is that the big money players have simply lost too much money trying to pump bitcoin up. They have decided to let it fall.

It will probably be a controlled fall. I wouldn't expect big drops.

Nobody is asking the simply question. Why was bitcoin $10 dollars before china, why is bitcoin again not $10 after china.

Maybe it won't go as low as $10, but it will fall under $200. Just give it time, the demand simply won't be there.

So there have been no positive developments in the bitcoin ecosystem and we owe everything to China? I disagree.

Here is a very positive development.
Major French Supermarket Chain to Accept Bitcoin
https://bitcointalk.org/index.php?topic=563444.0

Agreed. And their competitor (Carrefour) could very well be next.

Yeah sure, Monoprix is a major chain ... lol. They got something like 2% of the market in France.
On top of that they don't even say they will adopt bitcoin. CEO is just triing to make headline in newspaper as his company is losing market share.

So much bullshit.

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[serenitys]

Just dropped to 367.00...hmmm...there seems to be some shaking going on.

ETA: 365 by the time i hit send... 

[glendall]

Would not have expected sub 400 bucks, thought we hold around 450. 

Sigh, things are going south!

I'm in the long haul though....no panic selling here...

[freedomno1]

Would not have expected sub 400 bucks, thought we hold around 450. 

Sigh, things are going south!

I'm in the long haul though....no panic selling here...

It was but a brief respite as it goes a bit above it again

[frobley]

Would not have expected sub 400 bucks, thought we hold around 450.  

Sigh, things are going south!

I'm in the long haul though....no panic selling here...

because you've left it too late

edit: I still find it hard to believe people speak here of merchant adoption as if it's going to help raise the price. It will not; it will in fact help to achieve the complete opposite.