Price back to 400$

[ShakyhandsBTCer]

Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel

Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50.

Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases.

Transaction fee also go up with bitcoin price.

While it might benefit large institution transfer, it will lose the small payment merchant market segment.


 

A cup of coffee costing 10 USD in bitcoin, if value at 1000 usd per coin, will have $0.50 (0.0005 btc) transaction fee (around 5%).

The TX fee policies are set by the mining pools based on the market.

If the market is not willing to pay a mining fee at a certain amount then they will not and in order for miners to received the maximum amount of revenue they will lower their minimum amount of a fee they will accept for a TX that needs a fee

[counter]

My instincts tell me that the price is going to maintain it's position but I wouldn't be surprised to see it go up or down at the moment.  I'd expect it to go up but you never really know what will impact the price, to far ahead anyway.

[Glizlack]

I think it will go down around june 23 for a few days. Until people see what happens with the doj silkroad bitcoin sale. Then I predict it will hit 700 by the end of July. Hopefully higher but I am a natural pessimist.

steve

[Swordsoffreedom]

I think it will go down around june 23 for a few days. Until people see what happens with the doj silkroad bitcoin sale. Then I predict it will hit 700 by the end of July. Hopefully higher but I am a natural pessimist.

steve

The same as Steve I see the price going up for a day or two then dropping back down for the auction
Pending the results of the auction and who buys the coins the market could react anywhere from badly to aggressively on the outcome
Anyways still hoping for sub 1000 around 900 by the end of July but that is the optimist side

[gondel]

I think it will go down around june 23 for a few days. Until people see what happens with the doj silkroad bitcoin sale. Then I predict it will hit 700 by the end of July. Hopefully higher but I am a natural pessimist.

steve

The same as Steve I see the price going up for a day or two then dropping back down for the auction
Pending the results of the auction and who buys the coins the market could react anywhere from badly to aggressively on the outcome
Anyways still hoping for sub 1000 around 900 by the end of July but that is the optimist side

Hi,
Todays price is not dropping at all. Actually we passed 605$ again
Hope 600$ is the lowest barrier for BTC. What is this auction anyway? What is so scared about it?
And also lets be optimistic: The price will go to 700 for sure at the end of july and from there it is a rocketship base
BR
Gondel

[RodeoX]

I like to be optimistic, but not about money. In that case I think realistic is the best default.
The glass is not half empty or half full. It is completely full; half with water, half with air.

[ljudotina]

I like to be optimistic, but not about money. In that case I think realistic is the best default.
The glass is not half empty or half full. It is completely full; half with water, half with air.

True that. Going about money with "feelings" and "trust" and stuff is sure way to loose your money. With money, you need to know the facts and act by them.

[edmundduke]

I got a feeling bitcoin wont go under 400 atleast in the near future . 600 seems to be the stable mark

[bellgarath1]

When the gov't sell the coin it has it might hit 450, if it does hit 450 it will not stay thee Lon but I is think we will have a week to 10 days on 500's.

What does everyone else think?

[DavidHume]

When the gov't sell the coin it has it might hit 450, if it does hit 450 it will not stay thee Lon but I is think we will have a week to 10 days on 500's.

What does everyone else think?

News is factor in already. Coin price stable around 600 level.

[DurbanPoison]

$500 seems to be a pretty solid floor. Sure, there may be the odd dip below but price doesn't like hanging around under $500 for long.

[ShakyhandsBTCer]

When the gov't sell the coin it has it might hit 450, if it does hit 450 it will not stay thee Lon but I is think we will have a week to 10 days on 500's.

What does everyone else think?

It is very difficult to predict the short term price movements to this level of precision

[Ashbite]

We will have to wait and see what happens. It is unpredictable on this short of a notice.
The price would probably go down a bit but will recover very soon.(happened everytime)

And yes i would like to be optimistic, but not about money!

[zahra4571]

800$ and more after the selling of seized btc from silk road

[tsoPANos]

no the price is not going to get under 500$ in any way.

[Coinonius]

It looks like everybody has polished their crystal balls 

I'm not too concerned about short term price fluctuations but it's pretty interesting to see the correlation between trading volume and price drops.

[SunBin]

no the price is not going to get under 500$ in any way.

It is around 594 now.

50-70% drop is not uncommon. 100-200% rally is not uncommon also.

[Skele]

That price or maybe $340 will be the bottom by the end of this June due to some political issues, but demand stills increasing and so the

prices...

[okthen]

800$ and more after the selling of seized btc from silk road

Yes this will be this year's silkroad event.
Specially if the coins get sold above marketprice (which I really think they will).

[zahra4571]

Yes this will be this year's silkroad event.
Specially if the coins get sold above marketprice (which I really think they will).

Expecting a big boom after the trade. This will probably get more people to join Bitcoin community