What’s happening with the Bitcoin Price?

[Justine]

Panic selling is over, price is going back where it is suppose to be.

[marife01]

It started to go up again, hope it will continue rising. 

[ihuntbtc]

BTC is meant to be a very volatile currency now, its still a baby currency.

[N.Gordimer]

It started to go up again, hope it will continue rising. 

Fail...

[FUR11]

We'll see. We're in an uptrend, if we go up for a week or so. If we start to go down again this time, we're in for another boom. At least one more bottom testing is still healthy and not at all improbable!

[leex1528]

We'll see. We're in an uptrend, if we go up for a week or so. If we start to go down again this time, we're in for another boom. At least one more bottom testing is still healthy and not at all improbable!

Hmm, how are we in an uptrend?  It has basically lost $150 of value in the last 14 days...I would say this is a hard bottom hopefully...

[marife01]

BTC is meant to be a very volatile currency now, its still a baby currency.

This is true now, BTC is decreasing in value.

[CryptoCarmen]

BTC is meant to be a very volatile currency now, its still a baby currency.

This is true now, BTC is decreasing in value.

At least more people will be able to afford it.

[brand]

People dont believe in BTC that much anymore?

[brand]

BTC is meant to be a very volatile currency now, its still a baby currency.

This is true now, BTC is decreasing in value.

At least more people will be able to afford it.

So this may increase the price?

[jaredboice]

People dont believe in BTC that much anymore?

Market is still up from a year ago.  Bitcoin has already seen more venture capital invested in it than the internet in 1994.  Most of that happened this year, not to mention PayPal developing relationships with Bitcoin companies.  

[resya]

I used to buy stuff with BTC. 1 BTC=$1000. For a while. Then I hated to half it. Now it's a third? Miserable. Just tell me why during this drop everyone is still so optimistic? Are we delusional?

[pitham1]

I used to buy stuff with BTC. 1 BTC=$1000. For a while. Then I hated to half it. Now it's a third? Miserable. Just tell me why during this drop everyone is still so optimistic? Are we delusional?

We just have to accept that the prices attained during the past 1 year were unrealistic.

[CryptoCarmen]

BTC is meant to be a very volatile currency now, its still a baby currency.

This is true now, BTC is decreasing in value.

At least more people will be able to afford it.

So this may increase the price?

No but will make price more stable and make coin more stable, and give him chance to survive.
So many here are just 100% convinced Bitcoin is the currency of tomorrow.
Ye sit is, but is not certain. If things go wrong will not be for sure.

[leex1528]

It seems it will continue around $350 for a bit, my guess is we will see a slight rise to just above $400 for a month or so.  Then we will hit another bottom around $200, and this trend will continue for a year, next year I guess BTC will value around $80 dollars a coin

[cbeast]

My guess it will go to $15, then up to $2000, then back to $0.02 for awhile, then back up to $850.

[dakota neat]

My guess it will go to $15, then up to $2000, then back to $0.02 for awhile, then back up to $850.

+1 lol

[NotLambchop]

My guess it will go to $15, then up to $2000, then back to $0.02 for awhile, then back up to $850.

But $15 first?  So you're out & sitting in fiat?

[xcapator]

My guess is steady slide down still, once we break $300 again then we may see some panic. The true bottom will come in and BTC will be oversold followed by a huge spike back up and then it will slowly settle at some point...where it will remain till most people are dishearted

[ravenjt]

I have invented an amazing BTC/USD price prediction engine, which you can build in Excel.
Input formula =B * (1-x) / x

Where
B = The Factor
x = rand()

I choose The Factor to be today's price, but you can try other choices
Happy trading :-)