What is the next major support if $266 breaks?

[zetaray]

I support bitcoin, but it is hard to say where is the next support level. People has been saying $300 will hold, it broke through. Now they say $250 will hold. It is a tough call, but I remain optimistic and will say we we will be back at $300 if bitstamp resumes trading.

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[Elwar]

But you will agree that if it hits ten bucks or a buck or some such insane retrace it will have proven a failure?

The only way it is proven a failure is if it is not accepted and not mined.

No matter the price, I still get paid in bitcoins and can spend it for flights, hotels, Amazon purchases, I can trade for euros via localbitcoins to pay my rent and for food.

I will not worry until those things start to go away.

[halinyo]

But you will agree that if it hits ten bucks or a buck or some such insane retrace it will have proven a failure?

The only way it is proven a failure is if it is not accepted and not mined.

No matter the price, I still get paid in bitcoins and can spend it for flights, hotels, Amazon purchases, I can trade for euros via localbitcoins to pay my rent and for food.

I will not worry until those things start to go away.

That is a great point. That is how BTC can be used without depending on FIAT
Therefore, who cares the fall in the USD rate, unless it is a huge drop?