$100 to $125 still possible?

[g-unit]

Who thinks we could see these prices in the near future?

I plan to load up on bitcoins if we get below $125 and buy like 30. However, if I'm thinking like this, maybe there will be too much buy pressure to get to this price again as other will wants to jump on these cheap coins.

I still can't tell if we're on the way up or not honestly. I thought we were, but now I'm not so sure.

Only time will tell I guess.

[kwukduck]

Buy pressure? LOL, look at the order books, the only thing happening with buy pressure is it's reducing by the minute.

With current economy you pretty much have a guarantee we'll see $100 rather sooner than later.

[g-unit]

Re-read my post. I said buy pressure when and if we get closer to those prices...not at the current moment. How can you know there won't be more buying if we reach extremely low prices?

[kwukduck]

Re-read my post. I said buy pressure when and if we get closer to those prices...not at the current moment. How can you know there won't be more buying if we reach extremely low prices?

Because the economy is dying, the few bulls left just got killed by the winkelvii and coinbase...
Sure, bears can become bulls, but it requires working fundamentals, which are completely lacking here..

[samson]

Give it a couple of weeks...

[RodeoX]

Re-read my post. I said buy pressure when and if we get closer to those prices...not at the current moment. How can you know there won't be more buying if we reach extremely low prices?

Because the economy is dying, the few bulls left just got killed by the winkelvii and coinbase...
Sure, bears can become bulls, but it requires working fundamentals, which are completely lacking here..

You mean because you are better at guessing the future?

[g-unit]

I'd be surprised if we hit below $150 again...too many people won't be able to resist such cheap coins. If we do somehow hit $50 to $100, I think it's going to have an even larger boomerang effect. Too many people will be salivating at ridiculously cheap coins and will mass buy.

[g-unit]

We've also had similar percentage drops from previous ATHs that rebounded...

[JLynn171]

The price of everything though has seemed to of dropped along with t he price of bitcoins.... maybe not "everything" but i noticed gas is cheaper/milk/sodas/food in general/weed (even the black market jumped on board) with this pricec decrease

but to answer your question i would not be suprised if i woke up one day and seen it below $100, also wouldnt be real suprised if i woke up one day and seen in +$1,000 

volatile
[vol-uh-tl, -til or, esp. British, -tahyl]
Spell Syllables
Synonyms Examples Word Origin
adjective
1.
evaporating rapidly; passing off readily in the form of vapor:
Acetone is a volatile solvent.
2.
tending or threatening to break out into open violence; explosive:
a volatile political situation.
3.
changeable; mercurial; flighty:
a volatile disposition.
4.
(of prices, values, etc.) tending to fluctuate sharply and regularly:
volatile market conditions.
5.
fleeting; transient:
volatile beauty.
6.
Computers. of or relating to storage that does not retain data when electrical power is turned off or fails.
7.
able to fly or flying.  <---- maybe flying to the mooon:

[bassclef]

I'd be surprised if we hit below $150 again...too many people won't be able to resist such cheap coins.

We've heard this argument at $800, $600, $400, $200...

Because nobody knows how low it will go and want to be on the right side of the market when it turns, that is, buying on dips and selling into the buying frenzy. Averaging on the way down is a valid strategy if you're going to hold long term.

[guy_wonderful]

Not just possible but that price will be seen soon

[ParabellumLite]

I stick at a stabilizing price around 50 dollars in 6 months from now, although it might end up as high as 100. This price level however is unsustainable. Bitcoin is getting more ancient with the day, with development being nearly non-existent and being overtaken by crypto 2.0. At some point, a lot of the people here that are religiously devoted to Bitcoin will realize that, but only when it's too late. The sad thing is that the people that will realize it too late will be the bagholders that bought at 3xx+ prices.  Those people will take the hardest blows, without any opportunity to recover.

As for the short term: in 3 weeks time (before Chinese new year) we'll likely be back at 150, if not lower. Could happen in a matter of days, but we'll see.

[JamesBrown]

I stick at a stabilizing price around 50 dollars in 6 months from now, although it might end up as high as 100. This price level however is unsustainable. Bitcoin is getting more ancient with the day, with development being nearly non-existent and being overtaken by crypto 2.0. At some point, a lot of the people here that are religiously devoted to Bitcoin will realize that, but only when it's too late. The sad thing is that the people that will realize it too late will be the bagholders that bought at 3xx+ prices.  Those people will take the hardest blows, without any opportunity to recover.

As for the short term: in 3 weeks time (before Chinese new year) we'll likely be back at 150, if not lower. Could happen in a matter of days, but we'll see.

who's surpassing bitcoin in terms of developers engaged? Are you crazy? Follow the money...
Crypto 2.0? How about we see crypto 1.0 before that?

[Dilla]

^name another coin that's going to be an ETF? Name another coin that's widely accepted by business like Bitcoin? Mainstream is just getting used to the thought of Bitcoin and crypto. There will be no replacement anytime soon. Stop with that bs.

[ParabellumLite]

I stick at a stabilizing price around 50 dollars in 6 months from now, although it might end up as high as 100. This price level however is unsustainable. Bitcoin is getting more ancient with the day, with development being nearly non-existent and being overtaken by crypto 2.0. At some point, a lot of the people here that are religiously devoted to Bitcoin will realize that, but only when it's too late. The sad thing is that the people that will realize it too late will be the bagholders that bought at 3xx+ prices.  Those people will take the hardest blows, without any opportunity to recover.

As for the short term: in 3 weeks time (before Chinese new year) we'll likely be back at 150, if not lower. Could happen in a matter of days, but we'll see.

who's surpassing bitcoin in terms of developers engaged? Are you crazy? Follow the money...
Crypto 2.0? How about we see crypto 1.0 before that?

Ripple's XRP would be one, although the Ripple system is much more than Bitcoin will ever be. I'm not aware of the size of the development team behind BitsharesX and NXT, but something tells me those still outnumber the number of people that work on Bitcoin. There has hardly been any true development on the Bitcoin protocol in a long time.

Mainstream is just getting used to the thought of Bitcoin and crypto.

Ah yes, and adoption is 'ever increasing' right? Bitcoin is dying: it has been dying since December 2013, and it will keep on going  in the same direction for months to come. The reversal in the bear market won't happen overnight, as some of you people that are deeply underwater seem to think. Rather, it will take months for Bitcoin to properly stabilize. No such stabilisation is taking place now and 'the mainstream' you are talking about only exists in your head. The average Joe is NOT interested in Bitcoin. Don't tell yourself nonsense just because you've invested into this thing.

[arvindr]

I'd be surprised if we hit below $150 again...too many people won't be able to resist such cheap coins. If we do somehow hit $50 to $100, I think it's going to have an even larger boomerang effect. Too many people will be salivating at ridiculously cheap coins and will mass buy.

Well, thats what was the case with the fist low of 275. But it dropped. Then 152, was the new low, and its hard to say, buy support will stand strong at that level.

[traderCJ]

I stick at a stabilizing price around 50 dollars in 6 months from now, although it might end up as high as 100. This price level however is unsustainable. Bitcoin is getting more ancient with the day, with development being nearly non-existent and being overtaken by crypto 2.0. At some point, a lot of the people here that are religiously devoted to Bitcoin will realize that, but only when it's too late. The sad thing is that the people that will realize it too late will be the bagholders that bought at 3xx+ prices.  Those people will take the hardest blows, without any opportunity to recover.

As for the short term: in 3 weeks time (before Chinese new year) we'll likely be back at 150, if not lower. Could happen in a matter of days, but we'll see.

I don't think the next big thing has to be related to crypto at all.  All Visa/Mastercard/etc needs to do is develop credit card 2.0, having learned from Bitcoin's strengths and weaknesses.  If they don't, someone else will.  All people really care about is ease of use and the ability to dispute charges.  As for the price, perhaps Bitcoin's true weakness is that instead of purely being a payment technology, it is a currency with a relatively small market cap.  As such, it will be perpetually slammed with volatility.  Instead of the technology making the headlines, it is the price.  The cart has been placed before the horse ..

[dropt]

Ah yes, and adoption is 'ever increasing' right? Bitcoin is dying: it has been dying since December 2013, and it will keep on going  in the same direction for months to come.

This is just short sighted garbage.  Dying since Dec 2013?  It rocketed up to retarded levels in a matter of weeks, sure, but to say that Bitcoin is dying because that bubble has been deflating for a year is preposterous.  You need to look outside of the speculation forum and start paying attention to what's happening to the rest of the Bitcoin economy.

The reversal in the bear market won't happen overnight, as some of you people that are deeply underwater seem to think. Rather, it will take months for Bitcoin to properly stabilize. No such stabilisation is taking place now and 'the mainstream' you are talking about only exists in your head. The average Joe is NOT interested in Bitcoin. Don't tell yourself nonsense just because you've invested into this thing.

I'd agree with most of this.  But I don't think that average joe will even be aware when he's using bitcoin in the future, average joe is dumb as shit.

[SirChiko]

I'd be surprised if we hit below $150 again...too many people won't be able to resist such cheap coins.

We've heard this argument at $800, $600, $400, $200...

Yep but these were quite big summs and lower prices will also atract people with less money (normal people) and they will be happy they can buy  1 whole or more whole bitcoins and not some decimal numbers, i imagine big support under 150/100.

[tabnloz]

Bitcoin is dying: it has been dying since December 2013

What a ridiculous statement.

The average Joe is NOT interested in Bitcoin. Don't tell yourself nonsense just because you've invested into this thing.

The difference between bears and bulls boil down to this; Bears think short term & fully formed, bulls think longer term evolution.


That being said, Bitcoin is in a bear market. Bears have been well and truly correct since Dec 2013. It very well might head back into the 100's.

But stocks, commodities, economies etc aren't dying just because their 'price' drops; the price is important but also only one piece of the pie.