Bounced off $277

[chesthing]

Is that bottom?

[orpington]

doubt it

[coinits]

Is that bottom?

Hoping for $10 myself.

[arieq]

this is still swinging up and down, you don't want to get burn selling now, wait for the dead cat bounce if you think it will go lower

[waaat?]

no buypressure.

Dead cat

[williamevanl]

No chance. I told my wife the price was really crashing and that you could buy almost 4 bitcoins for a thousand dollars. I quickly realized how stupid this sounded and I'll be surprised if it doesn't just continue this massive trend downwards.

[minerpumpkin]

No pressure at all. Only the continuing slow downwards-pressure we've been seeing for months now. This hasn't even been a real flash crash, but a slow decline. I don't like that at all. We need something definitive and this doesn't look anything like that if you ask me...

[ParabellumLite]

No chance. I told my wife the price was really crashing and that you could buy almost 4 bitcoins for a thousand dollars. I quickly realized how stupid this sounded and I'll be surprised if it doesn't just continue this massive trend downwards.

Indeed. For what it is worth: if one thing has been confirmed so far it is the sheer fact that the bear market is far from over. This was predicted by multiple people down here and this little event once again shows them how terribly wrong they are.

Bitcoin will continue grinding down to 50-100 dollars. It will take some time, but in the worst case scenario this range can be reached within 6 months already.

[MicroGuy]

I think we'll probably see a bounce sometime before Monday, then continued selling pressure as the merchant dumping builds. Let's pray to god we don't get an Amazon integration or we'll be headed below $100.00.

We need to fix this lopsided scale and get more bitcoins into the hands of the people. Here's how you can help: https://www.bitwage.co/

[Ibistru]

There is an obvious support at 263,5463$, wait for the first full moon after the support is hit and buy.

[exocytosis]

Bitcoin will continue grinding down to 50-100 dollars. It will take some time, but in the worst case scenario this range can be reached within 6 months already.

When $50 is hit, cultist bulltard buyers will wait for "weak hands" to bring the price down to $10, since those are the really "cheap coins" they claim to have been waiting for. Then, when $10 coins arrive, they'll wait for $5 coins -- for exactly the same stated reason. That's how the Bitcoin market functions in the post-Gox phase, when whales, early adopters and miners collectively realize less and less people are willing to spend several hundred dollars just to be part of an obviously imploding pyramid scheme, crafted by some anonymous scammer using NSA technology.

[waaat?]

you know why it bounced?

Because it was close to full on panic and someone did a large buy-in to stop panic from happening. He just bought us time.

[de3mka]

I think we'll probably see a bounce sometime before Monday, then continued selling pressure as the merchant dumping builds. Let's pray to god we don't get an Amazon integration or we'll be headed below $100.00.

We need to fix this lopsided scale and get more bitcoins into the hands of the people. Here's how you can help: https://www.bitwage.co/

+1

We need to start with ourselves converting if not 100% then at least some part of our monthly income into bitcoins without returning back to fiat. This will have a positive effect on price. Look around, there should be enough places to spend bitcoins already, so why not giving a try?

[coinits]

One thing that would help is the keeper of the Satoshi coins should airdrop them. With those things sitting in limbo it is a monkey on the back of the coin.

[kolloh]

I'm really hoping for a recovery soon, this downward trend is no good.

[Kluge]

One thing that would help is the keeper of the Satoshi coins should airdrop them. With those things sitting in limbo it is a monkey on the back of the coin.

If there were any movement, it'd definitely crash the price, at least short-term. I'd imagine serious traders have watch-only wallets or at least a Python script pulling from Blockchain looking at them.

[chesthing]

Looks like $277 bottom is holding.

[Number6]

One thing that would help is the keeper of the Satoshi coins should airdrop them. With those things sitting in limbo it is a monkey on the back of the coin.

agreed, some can be airdropped into my wallet to get things going.

[virtualx]

The top 19 coins are all dropping with 10% or 20%. The holiday effect? http://coinmarketcap.com/

[applesRyummy]

One thing that would help is the keeper of the Satoshi coins should airdrop them. With those things sitting in limbo it is a monkey on the back of the coin.

If there were any movement, it'd definitely crash the price, at least short-term. I'd imagine serious traders have watch-only wallets or at least a Python script pulling from Blockchain looking at them.

This could actually be a way to predict when the price will crash in the near future. I don't think many traders have this kind of setup and the ones that do probably only have modest amounts of bitcoin they are trading.

What will more likely happen is it will make the news and when traders read that satoshi's coins have moved they will go to sell