So, how low will it go?

[opentoe]

$200? $100? Back into double digits? I'd like to see it drop down to double digits for a while to weed out these large companies are pretty much useless.

[xDan]

It's gonna go down to $1 and I'm gonna buy some more.

*dreams happily*

[piramida]

$200? $100? Back into double digits? I'd like to see it drop down to double digits for a while to weed out these large companies are pretty much useless.

not lower than $300-ish, sorry.

[Dalmar]

$200? $100? Back into double digits? I'd like to see it drop down to double digits for a while to weed out these large companies are pretty much useless.

not lower than $300-ish, sorry.

Stop with this no lower than X bullshit. When prices were in the 800 range, people were claiming that it would never go below 600 again. Nobody really knows.

[ibminer]

Re: So, how lowhigh will it go?
------------------
FTFY

[Light]

Stop with this no lower than X bullshit. When prices were in the 800 range, people were claiming that it would never go below 600 again. Nobody really knows.

Concur - any speculation is just pure speculation, as I've stated many times trying to theorise human nature is impossible. Sure you can base value of S/D curves but what drives those curves is still human thought/fear/hope which can't actually be measured/quantified nor used to predict these fluctuations in S/D.

[Kenshin]

$200? $100? Back into double digits? I'd like to see it drop down to double digits for a while to weed out these large companies are pretty much useless.

I don't think we will get lower than $300. As you can see a lot of people aggressively sell, and at the same time, a lot of people buy. It is coming back up.

[piramida]

$200? $100? Back into double digits? I'd like to see it drop down to double digits for a while to weed out these large companies are pretty much useless.

not lower than $300-ish, sorry.

Stop with this no lower than X bullshit. When prices were in the 800 range, people were claiming that it would never go below 600 again. Nobody really knows.

I don't care what people were claiming, I never did claim such silly things. From the technical point of view, the bottom is at $265. I don't know which direction and how far it will go right now, but I do know it won't go below 265 ever again.

[Dalmar]

I don't care what people were claiming, I never did claim such silly things. From the technical point of view, the bottom is at $265. I don't know which direction and how far it will go right now, but I do know it won't go below 265 ever again.

You think that, you don't know that. When it's an opinion, write like it's one and don't make it sound like it's a fact.

[Meman]

I do know it won't go below 265 ever again.

Never say never, there can always come a surprise.

[Chrithu]

0.42$

I must know I asked my crystal ball.

[Meman]

0.42$
I must know I asked my crystal ball.

Words of power

[Light]

I don't care what people were claiming, I never did claim such silly things. From the technical point of view, the bottom is at $265. I don't know which direction and how far it will go right now, but I do know it won't go below 265 ever again.

I'd be interested in the technical approach you take to derive such a figure. Would you mind sharing? Personally, IMO anything can happen - the whole thing is entirely based upon group perception.

[piramida]

I don't care what people were claiming, I never did claim such silly things. From the technical point of view, the bottom is at $265. I don't know which direction and how far it will go right now, but I do know it won't go below 265 ever again.

You think that, you don't know that. When it's an opinion, write like it's one and don't make it sound like it's a fact.

My opinions are facts, how can you even doubt that, you infidel.

[minerpart]

Draw a horizontal line on the daily chart at $260ish and you will see there was a big pullback to this level on 10th November and also the ATH of April 2013 bounced off this zone. So it's a level that was tested and rejected, then tested and broken, then it became support from above. So it is a significant level and might provide a point where the market will turn.

Some technical analysis relies on large players having orders placed as certain relevant price levels where action has occurred before. I'm sure there isn't as much depth of market in BTC/USD so while analysis like this is valid it may have a slimmer chance of playing out as advertised than identical views of a traditional instrument like GBP/USD for example.

[piramida]

I don't care what people were claiming, I never did claim such silly things. From the technical point of view, the bottom is at $265. I don't know which direction and how far it will go right now, but I do know it won't go below 265 ever again.

I'd be interested in the technical approach you take to derive such a figure. Would you mind sharing? Personally, IMO anything can happen - the whole thing is entirely based upon group perception.

because as minerpart said, I'll add some more detail - bitcoin is on an exponential growth curve since 2010. every time we have rebounded off an all time high , it later became the absolute bottom which have never been broken. $1, $31, $265, now $1250 - once we go past that, there is no coming back, no matter how desperate things will become.

because if this point is ever broken to the downside, that would mean the exponential rise is over, and bitcoin adoption is complete - which would happen one day, of course, just not now, when we are at the very beginning of actual adoption. I still think this day is 5-10 years ahead of us, at least. And what we are seeing now, are just normal oscillations on an exponential run up, that we have seen 3-4 times before today.

[opentoe]

Half of all exchanges going out of business or part of fraudulent schemes, then US implementing property taxes on your bitcoin, pretty much taking all the goods. That can't really can't be a positive note for the industry. This will keep new people out and also stop the larger players getting larger, which brings up the price.

[theonewhowaskazu]

Property tax on bitcoins lol

[opentoe]

Property tax on bitcoins lol

May be funny...but if you literally read what is says it is true:

Bitcoin Is Property, Not Currency, in Tax System: IRS

http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html

Once the US government starts to get involved into things, shit just gets all fucked up. This is why now I think bitcoin will be nothing but a small time hobby once all the corporate giants go down. The US government just ruins shit and only make decisions to fill their pockets. Not the citizens, but the greedy politicians who sit on the fat asses and "think" they are doing a good job. They are all delusional.

[aminorex]

Property tax on bitcoins lol

May be funny...but if you literally read what is says it is true:

Bitcoin Is Property, Not Currency, in Tax System: IRS

http://www.bloomberg.com/news/2014-03-25/bitcoin-is-property-not-currency-in-tax-system-irs-says.html

Once the US government starts to get involved into things, shit just gets all fucked up. This is why now I think bitcoin will be nothing but a small time hobby once all the corporate giants go down. The US government just ruins shit and only make decisions to fill their pockets. Not the citizens, but the greedy politicians who sit on the fat asses and "think" they are doing a good job. They are all delusional.

I found the U.S. tax treatment of bitcoin in 2013 to be a lifesaver.  Saved me a boatload of money.