more likely to go sub $100 before it goes to $300.
why? Look at the buy orders on the exchanges.... As the price drops it will attract more buyers and the price has just walked up 50 points in under 2 hours.
Nothing has changed regarding Bitcoin. It still works and its in its infancy, the price refelcts sentiment but please learn markets.. price drops which attracts more buyers and once buyers exceeds sellers price rises....about 20,000 BTC have been bought on Bitstamp in 2.5 hours which suggests plenty of people are ready to buy and, god forbid, if the price starts to rise quickly then watch the rush. Finaly the people who panic sold and lost will wait and wait and wait and then finally buy back in when their confidence returns and that will be right at the top of the market and.. woops, more crying as they lose on the next fall!
The smart people bought BTC for the long term and are not worried unless they are day traders and they are loving all this high volatile market and making a killing on the panic sellers who dont understand how investment models work...
Rant over
Thank you... Elvis has now left the building
