taken from there has got to be a bottom soon thread \/ \/
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Nagle
Legendary
Re: There has got to be a bottom soon?
February 01, 2015, 07:48:27 PM
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Well, last night's low was $208.  Around $220-$225 now.

As I point out occasionally, the two Bitcoin bubbles were driven by external illegal use cases - Silk Road drugs, and China exchange controls evasion.  Both of those holes have now been plugged.  Without a new use case that provides a similar boost, there's no reason for Bitcoin to have a value much higher than it had before the Silk Road bubble.