Post
Topic
Board Speculation
Re: We are headed to $50
by
pitham1
on 26/02/2015, 01:03:52 UTC
I have a small buy order at $200.

Even that isn't getting filled after waiting weeks. There is no way bitcoin will reach $50.

Beyond impossible. Wink

No, I'd say its becoming more and more possible every day.  I just saw some major japanese retailer saying they are considering accepting btc, and historically that makes the price drop cause they instantly convert to fiat.  I think double digits are entirely possible, although that price may only last briefly...
I think we are still in the horizontal trend  within the range $200-240 and we won't see much lower than the lower band of that channel. 1-handle yes for some short time again is possible, but I don't think price will drop to double digit territory.

This horizontal trend will continue for some time. A major bull market run could break out close to the block reward halving in 2016.