Topic: when will be the next bitcoin drop (Read 1772 times)

its a painful switch from the late december's 400-800 trading range to the shiny new 800-1200 range (gox).

neither

Satoshi Dollar Parity

They would buy how/where, with exchanges, businesses, sites etc all being taken down?

Sure, tor exchanges, p2p, irc, and other alternatives will appear. But it's gonna take a while to fully replace the current exchange-based trading environment.

In the mean while, what's gonna happen.. Crash because everyone panics, or skyrocket because bitcoins are now even more difficult to obtain (hence less supply, hence higher prices)?

Here's a scenario when it could crash but later recover because I and thousands more would buy. In any case something like this:

Few of the big liberty hating governments (China, US, EU etc) raid bitcoin exchanges, businesses, sites etc.. run in with their swat teams do all this at at the same second then broadcast on state run media all at once and then run their propaganda how it's for drugs, porn etc and for the good of people then ban it can say if you use it you are a crypto-terrorist something like that I'm sure they can come up with some crazy boogie name for us.

If they did that then that day it would crash, but I think enough people would start buying at the low price proving it's solid and everyone would then probably say screw complying it's all out war and go underground.

The best thing to do right now is meet other bitcoiners in person at meetups and satoshi sqare button markets so if that scenario comes we can exchange person to person. In countries where there is hyperinflation people when they get paid run to the street corner currency trader and there are thousands of corners and in open market exchange the money it's illegal but the liberty hating government can't stop it. That is the scenario that would play out after the crash.

I would continue to use it even after this kinda scenario and I'm not alone!

Doesn't have to drop.

It'll hit $3000 then drop to $1800-2200. Don't fret you'll be able to pick some cheap coins around the $2000 mark.

You should ask Chinese govenment.

after consulting my crystal ball....I have no idea. Neither does anyone, else.

pump and dump via China 

so...

is the price going to go up and stay there?

or we are going to see another drop to 500$?

what do you think?