can BTC ever return to significantly below $100?

Jaroslaw

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supernode

Quote from: smoothie on April 26, 2013, 04:55:38 AM

Quote from: Zaih on April 26, 2013, 04:52:18 AM

We had a $40 drop today alone.. We can easily have a $40 drop again from this point. It's going to go under $100 more than likely at some point. Who knows, we could even be looking at single figures at some point.

Unicorns, leprechauns, pots of gold at the end of the rainbow all exist also. Cheesy

Add to you list BFL also

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: Zaih on April 26, 2013, 04:52:18 AM

We had a $40 drop today alone.. We can easily have a $40 drop again from this point. It's going to go under $100 more than likely at some point. Who knows, we could even be looking at single figures at some point.

Unicorns, leprechauns, pots of gold at the end of the rainbow all exist also. Cheesy

Zaih

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We had a $40 drop today alone.. We can easily have a $40 drop again from this point. It's going to go under $100 more than likely at some point. Who knows, we could even be looking at single figures at some point.

manfred

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Energy is Wealth

the long term price is made up of:
cost of production + cost of distribution + cost of retail + cost of marketing + speculation
In recent times the speculative demand has been very high and supply steady so price is high. Once the speculation slows down price will settle.

MAbtc

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120 support looks strong. We'll see. I've got sub-100 buy orders placed. But I wouldn't expect to fill those that are significantly below 100 (50-70s = significant?).

AmazonStuff

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Maybe not significantly, but almost certain that we are going below $100, just take a look at indicators...

Kaiji

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Hoist the Colours

Anything can happen in a panic led selling frenzy. The lower it goes the more people try to sell to save what money they can. That being said there are too many people who will immediately buy when its low raising the price back up again. The anticipation of another $250 high being the main factor in preventing the price from staying below $100. Contrary to what some people think the high record price of BTC and the increase in speculators is the best thing to happen to it.

It will take a long time for people to lose faith and give up on making a profit. A gradual decrease over many months because of disinterest is more realistic than rapid drop to single digits.

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

It's always possible to go below $100. Even significantly. However, everyone should be happy it's still below $1000. Not buying at any price now will only lead to tears when we are the new billionaires.

zellt5

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is there some kinda rule here against mentioning SR? in all of these threads it does not seem to come up...the way i look at it is people need to buy btc in order to initiate the transactions which are profitable enough to them in many cases that they could even be supporting themselves on it so if they cant get the coins they want in a timely fashion they will up the offer price...as long as nothing changes those simple facts i dont see why the price of btc would drop back down below 100 again barring some crazy catastrophic event for more then a very short time...i know people that rely on the bitcoin system to make transactions that otherwise would not be possible and i think that alone is enough to sustain btc well into the future

Dargumin

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Quote from: superduh on April 24, 2013, 03:03:18 PM

Quote from: Dargumin on April 24, 2013, 02:53:42 PM

I don't think we've seen the end of the correction that began today. I'm confident we'll go below $100 before we reach $200 again. Though I don't see it getting anywhere like as low as $50. More like the $80 mark, and not for long.

what exactly do you base your prediction on?

Its far too soon for BTC to re-bubble past $200 given recent events. Even with today's paypal acknowledgment. Too many people who missed the opportunity to sell circa $200 last time won't let opportunity pass them by a second time. The resulting crash should briefly take us sub $100.

superduh

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Quote from: Dargumin on April 24, 2013, 02:53:42 PM

I don't think we've seen the end of the correction that began today. I'm confident we'll go below $100 before we reach $200 again. Though I don't see it getting anywhere like as low as $50. More like the $80 mark, and not for long.

what exactly do you base your prediction on?

MykelJH

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Quote from: Dargumin on April 24, 2013, 02:53:42 PM

I don't think we've seen the end of the correction that began today. I'm confident we'll go below $100 before we reach $200 again. Though I don't see it getting anywhere like as low as $50. More like the $80 mark, and not for long.

Wishful thinking. I hope you're right Grin

Dargumin

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I don't think we've seen the end of the correction that began today. I'm confident we'll go below $100 before we reach $200 again. Though I don't see it getting anywhere like as low as $50. More like the $80 mark, and not for long.

Le Happy Merchant

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Quote from: micalith on April 24, 2013, 10:12:42 AM

Nice selection of opinions

Maybe it's down to the timing of three major factors. Whether the press coverage and ensuing hype will overlap with the rapidly growing support and real implementation of BTC's in commerce, decrease in value due to new ASICs, and how many people decide to sell at around the Aptil 11th peak or not. Undecided

Currently I would say that press coverage is lagging the rate of real implementation of BTC. ASICs will not cause a decrease in value, and there is no reason to think that they would. The people who sell around the previous ATH will cause, at worst, a cup and handle pattern, but considering the current atmosphere I wouldn't be surprised if resistance at $266 was minimal.

micalith

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Nice selection of opinions

Maybe it's down to the timing of three major factors. Whether the press coverage and ensuing hype will overlap with the rapidly growing support and real implementation of BTC's in commerce, decrease in value due to new ASICs, and how many people decide to sell at around the Aptil 11th peak or not. Undecided

jubalix

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Quote from: evolve on April 23, 2013, 05:06:26 PM

Yes, it can (and on a long enough time scale, will) fall below $100. The question is when.

yes well sun exploding and all may do it.....your right

Kazu

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It can, but I wouldn't bet on it. In fact, I currently am betting against it.

BitcoinAshley

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Yes, it can.

Simple question, simple answer.

Grin

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: evolve on April 23, 2013, 05:58:08 PM

Quote from: smoothie on April 23, 2013, 05:40:09 PM

no

Nope. Not ever.

.........EVER.

Even after the universe suffers heat death, and the last piece of matter has decayed into nothingness, bitcoin will live on...like Jesus or 80's rock.

All Hail Bitcoin!!

Roll Eyes

No

sunblaster

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If it does it will be at 3am gtm and only for less than a minute.

Topic: can BTC ever return to significantly below $100? (Read 3242 times)