Can't go down to much past 400. Have you seen the difficulty? Its going crazy and miners cant fine for free. They add hash power with the intention of selling for the price at the time that they added the GH/s. I think what we're seeing is organic upward pressure, increased positive news coverage, and amongst the financial community at that; those guys have money, right?.
Coupled with the fact that its's becoming more and more expensive to mine for a profit, especially since the halving is coming up.
Brace for launch long term (and great volatility 2016).
This is exactly what was said at $800 in 2014.Coupled with the fact that its's becoming more and more expensive to mine for a profit, especially since the halving is coming up.
Brace for launch long term (and great volatility 2016).
Well, this isn't exactly 2014. But, It was my understanding at the time that Gox took the price down with it. In the week before Gox went down it had the lowest price out of all the exchanges and that caused fud because it was normally the leading exchange in both price and volume. Feb 8th is when news of bankruptcy was official and the price was downwards decent from there until now
) out at great length. It simply is not the way it works. 
