So any call on the actual bottom? I almost pulled the trigger for buying about 10k worth at 580, then thought I'd wait a week, then saw 500, now 460. The bottom could be here, or could go back to $100. I don't see any reason for the bottom to be here now.
The bottom could be 0 too. Just remember, don't risk what you can't afford to lose.
I highly doubt that the button will ever be 0, unless a far superior system is invented and widely adopted.
I would estimate that at least 90% of the price is given by speculators playing Keynes beauty contest, these days the speculators think that the other speculators think that the winner is low prices due to some uncertainty in the markets, nevertheless the game they are also playing is who gets the most bitcoins - I highly doubt that people are leaving the market. When some panic buying starts it will be funny, I expect quite a price spike once the contest is going in the other direction.
To get a broader picture, Bitcoins market cap, is lower than M1 of Macedonia...
