$100 to $125 still possible?

[thompete]

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.

I have stopped thinking there is something impossible, after we dropped down to 152. Only a bag dumper holding 3-4K coins is needed to take us down to 190's.

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[samson]

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.

I have stopped thinking there is something impossible, after we dropped down to 152. Only a bag dumper holding 3-4K coins is needed to take us down to 190's.

It's going to go a lot lower than $190

[lexuz]

I think,Yes is the way to 100-125 maybe this week.

[romneymoney]

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 ..

Good post, too few people give reasonable and well thought out reasoning for negative sentiment.

[ajw7989]

If it drops and stabilizes around $100-$150 the bitcoin economy is going to collapse. It might as well drop to $50 or less at that point. Most mining can not function at that price. We got a taste of this when a lot of cloud companies were shutting down when it hit $175 including most of bitmains miners. With CEX out of the picture difficulty will not shoot up for a while but bitcoin must stay above $200 unless the difficulty starts drops 10%+

[traderCJ]

If it drops and stabilizes around $100-$150 the bitcoin economy is going to collapse. It might as well drop to $50 or less at that point. Most mining can not function at that price. We got a taste of this when a lot of cloud companies were shutting down when it hit $175 including most of bitmains miners. With CEX out of the picture difficulty will not shoot up for a while but bitcoin must stay above $200 unless the difficulty starts drops 10%+

Seems to me that the system will just re-establish equilibrium at a sustainable (lower) difficulty.

[ajw7989]

If it drops and stabilizes around $100-$150 the bitcoin economy is going to collapse. It might as well drop to $50 or less at that point. Most mining can not function at that price. We got a taste of this when a lot of cloud companies were shutting down when it hit $175 including most of bitmains miners. With CEX out of the picture difficulty will not shoot up for a while but bitcoin must stay above $200 unless the difficulty starts drops 10%+

Seems to me that the system will just re-establish equilibrium at a sustainable (lower) difficulty.

That is true but keep in mind that if difficulty is going to drop drastically (20-25%) it will take a very long time since block generation will be extremely slow due to diffculty and hash rate out there. It could essentially lead to a 2 week time for a change in difficulty which could do a lot of harm. Kind of like a domino effect. Difficulty drop is only beneficial when its in smaller amounts 5-10% mainly

[dropt]

That is true but keep in mind that if difficulty is going to drop drastically (20-25%) it will take a very long time since block generation will be extremely slow due to diffculty and hash rate out there. It could essentially lead to a 2 week time for a change in difficulty which could do a lot of harm. Kind of like a domino effect. Difficulty drop is only beneficial when its in smaller amounts 5-10% mainly

At perfect equilibrium the difficulty change is supposed to happen every two weeks.

In my opinion the mining difficulty is a non-issue.  The network survived the drop from $32 -> $2, it also survived the first halving which is effectively the same as an instantaneous drop in earnings by 50%

[traderCJ]

If it drops and stabilizes around $100-$150 the bitcoin economy is going to collapse. It might as well drop to $50 or less at that point. Most mining can not function at that price. We got a taste of this when a lot of cloud companies were shutting down when it hit $175 including most of bitmains miners. With CEX out of the picture difficulty will not shoot up for a while but bitcoin must stay above $200 unless the difficulty starts drops 10%+

Seems to me that the system will just re-establish equilibrium at a sustainable (lower) difficulty.

That is true but keep in mind that if difficulty is going to drop drastically (20-25%) it will take a very long time since block generation will be extremely slow due to diffculty and hash rate out there. It could essentially lead to a 2 week time for a change in difficulty which could do a lot of harm. Kind of like a domino effect. Difficulty drop is only beneficial when its in smaller amounts 5-10% mainly

Interesting.  What is the rationale for difficulty adjustments taking so long?

[Fabrizio89]

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.

Did you look at the volume at $155? It was the highest we saw in a long time, every other drop encountered just shallow demands and even sells weren't that big because people weren't scared enough. We had huge sells and buys during the last "bottom". Whether that was the bottom remains to be seen, but I'm pretty positive we won't go lower than $180 when this correction waves are over.

[flipstyle]

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.

Did you look at the volume at $155? It was the highest we saw in a long time, every other drop encountered just shallow demands and even sells weren't that big because people weren't scared enough. We had huge sells and buys during the last "bottom". Whether that was the bottom remains to be seen, but I'm pretty positive we won't go lower than $180 when this correction waves are over.

I'll go out on a limb and say the same 'record market volume' when it hit the $150 low were the same ones flipping for an immediate %50-100 profit upon the coinbase news.  Yet another mini pump and dump cycle for immediate profits.

The real opposition bitcoin has to face now is how many of the people in it are solely in for investment purposes and not a true faith in the technology?

Market psychology will be an uphill battle, because so many of the current holders will be willing to dump at the first sign of a dip and pump.   Having to overcome the psychology of an already popped bubble market without having the holders continually dump for profits makes it hard for me to ever envision this stuff hitting 1k again, let alone 500 bucks. 

[TankHankerous]

At least I'll own a neat relic of the bitcoin fad- Trezor

[tss]

it is possible..

i would like to see someone who knows more about the costs and math involved than myself to calculate using asic manufacturer costs to show how much mining actually costs a producers of asic equipment to produce a coin over a 6-12 month period..

that would be very interesting.

[Mobius]

I think $130-$140 is definitely possible. I don't see double digits but that last rally was a trap. We're going back down.

[knight]

I think $130-$140 is definitely possible. I don't see double digits but that last rally was a trap. We're going back down.

Possible? Always was. But now it becomes more and more probable.

[avw1982]

It's always possible. I think it will only happens when the're is again a big hack somewhere with a lot of stolen bitcoins. Normally it wont hit the $100-$125 i guess.

[sandykho47]

$100 is still possible, but for now it's impossible.
It will happen if there are big dump & panic sells

And my prediction said we can see $300 again soon

[CoinCidental]

i like to watch the top 1000  adddreses  (the whales ):
http://bitcoinrichlist.com/top100?page=1

you will see there many of the richest bitcoiners  have been adding to their holdings during the last few months of depression
i see this as them probably getting stronger and they will eventuially relieve a lot of small timers of their coins before
pushing it to a new ATH and keeping it up there $$$$ ,maybe even $$$$$

stability will come after volatility but only when the big boys decide its time ,now theyre just greedily adding to their collections
at this time when the market is easily manipulated by FUD

[exocytosis]

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

You're looking at this the wrong way. $150 coins aren't cheap. They're ridiculously overvalued. The only thing Bitcoin's "good" for is buying illegal stuff on the deep web. The blockchain can handle a whopping 2.7 transactions per second, which makes Bitcoin completely useless as anything resembling a mainstream currency. After this Gox bubble/speculation phase, Bitcoin will go back to a reasonable and sustainable value which reflects its potential as a deep web currency for criminals. That value is somewhere in the double or single digits.

Bitcoin had its fifteen minutes of fame.

[fearlesscat10]

I think $130-$140 is definitely possible. I don't see double digits but that last rally was a trap. We're going back down.

Possible? Always was. But now it becomes more and more probable.

The downtrend is still evident. I think we'll drop to a lower bottom than $150 before the next rally. Not so sure we'll reach double digits, but it's possible.