Quote from: maku on March 25, 2015, 05:07:16 PM

Quote from: ShetKid on March 25, 2015, 04:56:16 PM

Quote from: Bobblehead Pete on March 25, 2015, 02:50:35 PM

http://www.newsbtc.com/2015/03/25/bitcoin-price-continues-to-decline-where-will-it-stop/

I need some experts analyst here.
Right now, bitcoin sits at $246.

Will this continue? If yes, at what level will it stop?

Its impossible to predict the bottom, as any large holder could dump anytime. But I doubt we would go below 200 in the following months.

That is true. We can't really know when price will drop in the end. But something else is more interesting for me, why the hell did that happen? You guys have some info about it? There was nothing what indicated that bitcoin price will drop like the, we were almost at $300... and now this...

You're looking for rationality in a market driven by speculation. There is nothing fundamental underpinning bitcoins value, and the market just isn't very deep. A small change in sentiment by just a few people can end up adding or removing a lot of buyers from the market, and that drives prices far more than it does in, say, most equities...

Likewise for most equities, buyers and sellers cluster their bids and asks right near the current value. With bitcoin, not so much the case, causing huge moves on a daily basis.

Wheres the bottom?

That's anyones guess.