Bottom

[orpington]

We need answers...

[Edward50]

Like I said a break below $300 will start major capitulation. It is not even bouncing back off the low of today.

IT is looking very very bad, you guys are crazy to still hold and even stupider to buy in.

A test of $200 will probably be quicker here then you can imagine as that is the next step lower.

No government bailout for you clowns still holding. Nobody is going to buy into bitcoins either, no fresh money is going to come in. Everybody expects it to go below $200 now.

[Xiaoxiao]

Here's the thing, I've been a bear for the duration of 2014, but I don't think too many people are willing to sell below 275.  So looks like 250 is probably the absolute bottom if it does reach there, at least for the 1st quarter of 2015.

[Bitcoins101]

This slow sink in the high $200s feels like how we were sinking in the high $300s. Come to think of it, it feels just like the $400s, the $500s, and the $600s.

Sell pressure breaks through buy walls, drops down another level. Sell pressure breaks through buy walls, drops down another level. Over and over again. When will it stop? Why would it stop at this point?

[God27]

$152

[orpington]

Yes, $260 would be nice.

[ivyleague1985]

Here's the thing, I've been a bear for the duration of 2014, but I don't think too many people are willing to sell below 275.  So looks like 250 is probably the absolute bottom if it does reach there, at least for the 1st quarter of 2015.

Below $275, it would be not profitable to mine the BTC. Below $275, it is better for miners to buy and store BTC.

Not to mention that the short squeeze can be lucrative for the whales. I don't think the whales are that stubborn, because profit is profit no matter it is from the bull side or the bear side.

[maranello1561]

Here's the thing, I've been a bear for the duration of 2014, but I don't think too many people are willing to sell below 275.  So looks like 250 is probably the absolute bottom if it does reach there, at least for the 1st quarter of 2015.

Below $275, it would be not profitable to mine the BTC. Below $275, it is better for miners to buy and store BTC.

Not to mention that the short squeeze can be lucrative for the whales. I don't think the whales are that stubborn, because profit is profit no matter it is from the bull side or the bear side.

Miners will mine at whatever price since hardware costs are already sunk costs - the only limiting factor is power but some like me run solar panels on my roof and since its all paid for already upfront, my day to day power cost is basically 0. However I'm not a seller. I hodl my mined coins

[ivyleague1985]

Here's the thing, I've been a bear for the duration of 2014, but I don't think too many people are willing to sell below 275.  So looks like 250 is probably the absolute bottom if it does reach there, at least for the 1st quarter of 2015.

Below $275, it would be not profitable to mine the BTC. Below $275, it is better for miners to buy and store BTC.

Not to mention that the short squeeze can be lucrative for the whales. I don't think the whales are that stubborn, because profit is profit no matter it is from the bull side or the bear side.

Miners will mine at whatever price since hardware costs are already sunk costs - the only limiting factor is power but some like me run solar panels on my roof and since its all paid for already upfront, my day to day power cost is basically 0. However I'm not a seller. I hodl my mined coins

You are the so-called strong hands.  The gathering of guys like you will definitely change the market dynamics and squeeze the bears to death.

[AceWallen]

everything is little more than a shot in the dark from current price point. this down trend could continue for some time. my guess at a temporary bottom is $190-210. that may, in time, become a permanent bottom, but if we can't establish a new up trend from there, then maybe $120-140....$70-80.... like i said, shots in the dark.

[Q7]

Seriously if only I knew the answer to this question. And because I can't predict, I'm putting my bet to gradually buy a small amount in every drop. I did made a post saying that I placed my buy order at 280 and it has been executed since and my next target to buy again is when it goes to 250.

[µ]

220$ then back up again.

[mmortal03]

It is not even bouncing back off the low of today.

No, it has. The low was $277.

[celebreze32]

It is not even bouncing back off the low of today.

No, it has. The low was $277.

How do you know for certain?

[serpicodk]

It is not even bouncing back off the low of today.

No, it has. The low was $277.

How do you know for certain?

Are you serious? He is not certain he is pulling that out of his delusional ass.

[UnDerDoG81]

I wish I had some fiat on my account now 

[Igluenza]

250

[ramkumar]

$200...

[sase007]

Looking forward for 1$... new wave of early adopters incoming 

[Guido]

we've had 250 today and this looks faking up at minute
when btce is the high price you know theres fakery