If you are still bearish, don't be, 100 USD is the bottom.
I do not see any bears anymore, to me the forum posters wih the bearish remarks are just some people hoping to get in at a lower price-point, because they are actually bullish!
If you look back at the bubble crash, then it's obvious that afterwards when the price went down below 100, every time the price went back up to above 100 in a relatively short time.
This happened several times, indicating that the market will not settle for a price below 100.
Even when some big coin dumps put serious downward price pressure on the bitcoin value, the price rebounded to above 100 very fast.
However; it is also clear that there is not enough confidence yet to have the price moving up again.
We scraped 160 and we touched 140, but that is it.
I believe it is now safe to say that the new bottom is 100 USD and in the mid to long run the value will increase again.
In the short run there might still be a few big coin sell off's to below 100 USD, which you can profit from if you dare to, but the price will not stay below 100 USD for long anymore.
When the price will start moving up again is difficult to say, might be a few months, might also take until next year. We will probably have to wait for some positive events to happen: e.g. new and improved exchanges, transparent regulation, big venture capital introducing new business opportunities, bitcoin acceptance by big online retailers (probably not soon), who knows the bitcoin ATM rolling out worldwide, or just some general global positive media attention.
But it will go up.
up uP UP
I'm a long term BULL with BTC but the short to mid term has changed. Services, places to purchase goods with BTC, etc. are minimal these days. I know that Bitpay has added a lot of customers but a large % of their income is just from BFL using their service, that can change. It is real, but it is also a part of the Bitcoin ecosystem and we have to see it as such but not discount it too much either. For the price to really have value at this level we need something of substance to take place. We can argue just as a store of Value BTC is great. But the current price seems to be looking to a future justification. That isn't all bad, as the economy doesn't look good, but I'm talking about just BTC now. If the stock market takes a crash, yes, we jump back into BTC as a store of value before others start.
No where in your post did you give any real evidence of a 100 being a bottom. The chart doesn't look good (many traders as well as subscription services have said this), rallies being sold off into time and time again doesn't look good. The big buy that happened last weekend to stop the price from dropping was a terrible business decision as the slippage was huge.
I do admit, as in my post above, that the market dept is looking great but it also has been manipulated time and time again. And, sold into as already stated.
With all due respect, give some facts (fundamentals with numbers) for your perspective. The bearishness around here lately does scare me, almost a contrarian indicator, but it is also based on a lot of facts.