How low can it fall this weekend and upcoming week?
"how low can it go?"
The answer: always lower - production of new coins is not going to stop. The dumps will not stop, so there is no lowest price. I think since we broke the exponential trend the wise people already left the ship. Extreme dumping can occure anytime.
same as extreme buying can occure anytime
If the exponential trend and all pipedreams wasn't broken, then maybe. Right now you just have a hell of a sellresistance and more coins each day while the streets are full of people who already heard of bitcoin and think it's a scam and going to zero and conventional wisdom maybe isn't so stupid afterall.
The Bitcoin experiment ends with the almost too simple conclusion: 'You can not be a store of value and be an inflationary coin at the same time' - but remember: someone, somewhere long ago did think 'really hard and exceptionally DEEP about it - so it can't be wrong - the "experts" must know'
99% of you people still fail to see how you fell for the hype and you will fall again for it...
Hoarding Bitcoin is 'proof of sheep' - and when nobody wants to hold it because it can't hold its value, then what will the value be?
Don't think it can't drop another 90% because it just dropped 90% - your logic is wrong and doesn't apply to coins. This shit can go down another 99,999% from here. All that keeps it alive is some random misguided millionaire people throwing good money after bad and being the laughing stock amongst their likes for it aswell as people like yourself who fell for all the hype.
