Author

Topic: Bitcoin to drop below $300 again? (Read 594 times)

legendary
Activity: 3416
Merit: 1225
August 02, 2016, 09:18:30 PM
#7
All our expectation has gone to air,just when we all thought bitcoin will rise to $1000 this things happen,my only prayer is that it will not drop further to $300 again,the community should resolve the issue,there's an ongoing talks but neither wants to compromise..
hero member
Activity: 1862
Merit: 590
August 02, 2016, 08:16:50 PM
#6
Not sure if it will drop below $300 but I think it go as low as $400. It all depends on the Chinese to see what they will do when they start to wake up.
legendary
Activity: 1073
Merit: 1000
August 02, 2016, 08:13:43 PM
#5
Maybe if Bitfinex is insolvent and people don't get their bitcoins back and other exchanges follow, we may see sub 300 for a short while, but won't last long
hero member
Activity: 714
Merit: 500
August 02, 2016, 08:13:01 PM
#4
Nope. It's just too low to happen. Especially now block rewards are only worth 12.5 BTC. If it's not by legit demand, then I am sure Chinese exchanges will offer a helping hand to manipulate the price to healthier levels again. Beside that, it would be very sad to see the price fall even below $400 again. Something that took us years to build up gets smashed down so fast.
So what's the reason why the price has gone down so much? Over 10% in a flash is just a big dip. Has the price been spooked by the Ghost month? We know that the Chinese usually pulls out their investments during August to avoid bad luck. Too bad I haven't the funds to buy right now.
legendary
Activity: 1050
Merit: 1001
August 02, 2016, 08:05:20 PM
#3
I think it will, I am still hopeful for sub $200.
legendary
Activity: 1232
Merit: 1091
August 02, 2016, 06:24:10 PM
#2
Nope. It's just too low to happen. Especially now block rewards are only worth 12.5 BTC. If it's not by legit demand, then I am sure Chinese exchanges will offer a helping hand to manipulate the price to healthier levels again. Beside that, it would be very sad to see the price fall even below $400 again. Something that took us years to build up gets smashed down so fast.
member
Activity: 70
Merit: 10
Age does not limit my ability
August 02, 2016, 06:19:20 PM
#1
Today I checked the price and it was 511usd per coin. What's happening to bitcoin?

Do you think bitcoin will drop below 300 again?
 Place your bets here.

https://www.betmoose.com/bet/bitcoin-falls-below-300-this-year-2056#bets-1
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