How could the price get to single digits?

Cyberdyne

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Quote from: Bit_Happy on March 05, 2013, 02:22:26 AM

The market has stayed above $20 for an entire month. I think $20 to $21 is the lowest and ~$27 is highly likely.

Single digits?
Not in current dollars, but what about adjusted for inflation?

If not in 'current dollars' then adjusting for inflation is not going to help you.

piramida

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Borsche

with that kind of going, you'll have to adjust this topic's title soon, too. "How could the price get to double digits?"

Bit_Happy

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A Great Time to Start Something!

The market has stayed above $20 for an entire month. I think $20 to $21 is the lowest and ~$27 is highly likely.

Single digits?
Not in current dollars, but what about adjusted for inflation?

Monster Tent

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They could raid the bitcoin foundation and get access to its database of users and their addresses.

theymos

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Quote from: Bit_Happy on March 05, 2013, 02:03:10 AM

How could the price get to single digits?

1) Have a company buy the U.S. customers of MtGox.
2) Move all that money and BTC to the USA.
3) Watch as the USSA Gov shuts them down, and people lose Huge amounts of cash and BTC. Shocked

That's definitely something to be worried about, but I don't think it'd bring the price down to single digits. US MtGox users aren't a huge percentage of Bitcoin users.

Widespread government action against Bitcoin exchanges might do it.

Bit_Happy

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How could the price get to single digits?

1) Have a company buy the U.S. customers of MtGox.
2) Move all that money and BTC to the USA.
3) Watch as the USSA Gov shuts them down, and people lose Huge amounts of cash and BTC. Shocked

oakpacific

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I think this rally is making money for a lot of people, rather than just a few people like in June 2011, not to say that many trigger-happy early adopters, who can liquidate tens of thousands without any hesitation, are mostly out of the game. So once a crash comes, a lot of people will be in a comfortable position to cash out and reinvest, including bears who can't wait to get back in, obviously the majority of late buyers will get burned, but if let's say, the price plunged 60% to like $15-19, the buying pressure coming in from people reinvesting part of their profits may well be enough to prop the price up, a further plunge to below $10$, especially $2 is unlikely to happen, though the chance is not negligibly small, my current estimation of the "absolute bottom" is somewhere around $7-$8.

Your thoughts?

Topic: How could the price get to single digits? (Read 911 times)