Bitcoin Prices Break Downward Trend And Come Back Fighting

[srgkrgkj]

http://www.btcfeed.net/news/bitcoin-prices-break-downward-trend-come-back-fighting/

[NotHatinJustTrollin]

"Well the Bitcoin price seems to have solidified its position at the $230 mark and with Buy orders currently outweighing Sell orders it seems as if the demand for Bitcoin is heading the right way. With both demand and market prices are heading the right way boosting Bitcoin into further prosperity."

Who the hell are these dudes?
What is this "analysis"? lmao

[premium_domainer]

i don't think it's stable around $230, just with 7 days reports.

it should be hang atleast 60 days...

[NeuroticFish]

This is a wishful analysis. 230 is as good as 300+ was some months ago.
I also wish the price to stabilize, then start growing, but I am not convinced that's the case.
We'll see in 2-3 months

[samson]

The price stays relatively stable for a few days and already we're leaving the launchpad and heading for the moon 

[innocent93]

$230 is far too low, that many companies and miners can't make good profit, and the development of the whole industry will slow down. This is my point about why we need a higher value of the Bitcoin.

[srgkrgkj]

well its a rise of some sort bitcoin has some fight in it just my 2 cents

[Q7]

For now, yeah, it's stable. Has been there for more than a week now. The highest in the past 2 weeks was probably at the 240 level and then it tanked again to the current 220 range. From here, anything is still possible.

[tinky winky]

It seems to be sinking back down now it's 222 on finex. There were spikes up yesterday, but spikes down today.

[Brewins]

It seems to be sinking back down now it's 222 on finex. There were spikes up yesterday, but spikes down today.

it is just noise.

There is no indication of serious moves in any way, either upwards or downwards.

[unununium]

The shown must go on!
Enjoy it my friends

[Nagle]

it is just noise. There is no indication of serious moves in any way, either upwards or downwards.

Agreed. There's been about ±$25 noise for months.

Recently, we had that crash on Jan. 14, when the price dropped $50 in minutes and bottomed at $152, but that was some kind of manipulation in the middle of the night for both the US and Europe. That mostly recovered the next day. Then there was the Coinbase pump and dump starting Jan 20, which went up and down in a week.

The big trend is just a long downhill slide for the last year. There's no sign of that reversing.

[BitCoinNutJob]

$230 is far too low, that many companies and miners can't make good profit, and the development of the whole industry will slow down. This is my point about why we need a higher value of the Bitcoin.

the mining difficulty is going up at the moment how do you figure thats possible if miners cant make rofit? perhaps they just break even?

[caga]

The shown must go on!
Enjoy it my friends

The show has been going on for the past 3 months
I am sure most of us aren't in it to enjoy the show.

[Q7]

$230 is far too low, that many companies and miners can't make good profit, and the development of the whole industry will slow down. This is my point about why we need a higher value of the Bitcoin.

I'm sure miners won't be mining at the loss. They would rather stop operation. Perhaps all the while we have been undermining the actual mining cost.

[finlon]

$230 is far too low, that many companies and miners can't make good profit, and the development of the whole industry will slow down. This is my point about why we need a higher value of the Bitcoin.

I'm sure miners won't be mining at the loss. They would rather stop operation. Perhaps all the while we have been undermining the actual mining cost.

That makes me wonder why are a lot of cloud mining companies still mining. I saw C-Cex leave a month back, but companies like cloudminr, and Bit-x are still mining bitcoins. Are they at all profitable ?

[jeffhuys]

$230 is far too low, that many companies and miners can't make good profit, and the development of the whole industry will slow down. This is my point about why we need a higher value of the Bitcoin.

I'm sure miners won't be mining at the loss. They would rather stop operation. Perhaps all the while we have been undermining the actual mining cost.

That makes me wonder why are a lot of cloud mining companies still mining. I saw C-Cex leave a month back, but companies like cloudminr, and Bit-x are still mining bitcoins. Are they at all profitable ?

I think they're betting on bitcoin rising in the future. Bitcoins will always be bitcoins, the exchange rate is what changes. So they may not be profitable at this moment, but they could have luck and be extremely profitable in a few months.

[HarmonLi]

The price just doesn't seem to be able to push any lower at the moment. I also think it's not very unrealistic or improbable we're seeing another re-test of the high $100s, but I really feel like we could be very very near the bottom already. I don't think we'll go below $150.

[uki]

i don't think it's stable around $230, just with 7 days reports.

it should be hang atleast 60 days...

agree, definitely to short time-window to make any reasonable call. Wishful thinking for now. Still there is room to go even lower, say down to $150, as in each post-bubble-crash formation.

[BillyBobZorton]

We need a support at 350 to start talking about the BTC price putting a fight for a uptrend.