$438 and going down

[liexel]

i think the drop looks quite imminent / certain. better to bottom out soon so it can go upp

[bryant.coleman]

It was relieving to see the prices remaining stable, despite the massive attack on Localbitcoins.com. Normally if some of the major exchanges are attacked, the prices will drop sharply. That didn't happened.

[romerun]

price will start rising when ppl stop watching

[r34tr783tr78]

Start closing your eyes and be prepared to live like that for some time.

[EuroTrash]

Going south.



No early retirement for me this year... maybe never.

[kwukduck]

Get the F out of btc as long as you can. We had only good news last week, and quite a lot of it. Yet still the rate of decline is only increasing. Things will go south really fast in the upcoming few weeks. It will be double digits before we can possibly get a rebound.

[UnDerDoG81]

Get the F out of btc as long as you can. We had only good news last week, and quite a lot of it. Yet still the rate of decline is only increasing. Things will go south really fast in the upcoming few weeks. It will be double digits before we can possibly get a rebound.

Probably even $0.10 in 3 weeks

[igorr]

Mining company out of game, and the price go to 50-100 usd.

[UglyTroll]

Haha, come on igorr, you give them toooooooo much pressure 

[r34tr783tr78]

I heard someone saying bitcoin is going to negative values, around -25usd. Do you think he might be right?

--
End joking mode

[ncsupanda]

I heard someone saying bitcoin is going to negative values, around -25usd. Do you think he might be right?

--
End joking mode

Lol'd.

[PerrythePlatypus]

I would expect a rebound to around $500 soon.

[r34tr783tr78]

Anyone that doesn't give supporting facts/reasons for their opinions won't be giving an opinion to take in account.

[johnmatrix]

Dont expect that the whales who bought at 900+ will be selling soon

[UglyTroll]

Dont expect that the whales who bought at 900+ will be selling soon

I think whales understand very much on Short Selling

[Impaler]

Newly minted coins are all that's needed to crash the market.  The BTC community needs to CONTINUALLY spend more then a million dollars a DAY to support the current price, they can not simple HODL the price up because thouse miners need to have their costs covered.

[Stevenrm87]

w'ell probably be at or around $70 by the end of the month. SELL SELL SELL

[Raystonn]

Newly minted coins are all that's needed to crash the market.  The BTC community needs to CONTINUALLY spend more then a million dollars a DAY to support the current price, they can not simple HODL the price up because thouse miners need to have their costs covered.

No.  If miners stop unprofitable mining, difficulty will drop to compensate.  In short, mining costs will always be covered because of this.  Mining difficulty will adjust, meaning less will be spent on hardware and electricity.  So the fiat-value of BTC will not need to cover miners.

[UglyTroll]

Newly minted coins are all that's needed to crash the market.  The BTC community needs to CONTINUALLY spend more then a million dollars a DAY to support the current price, they can not simple HODL the price up because thouse miners need to have their costs covered.

Haha, this is so truth. Beside I don't believe those college kids are able to HODL too long, how much the student load money in the Bitcoin market?

[EuroTrash]

w'ell probably be at or around $70 by the end of the month. SELL SELL SELL

Nope. Not so low and not that fast.