I am stil thinking we will go under the 400 USD, therefore i placed my buy orders around the 380 USD.
Just 1 more little dump and i will be the proud owner of some new bitcoins.
nah man. i don't think the price will go under $400. we have seen the low that was just over $400, and we are now moving forward. it will require more than a little dump to get the price below $400, support at that level is very strong.
We went down to $415, and now we're back up to $421, according to preev. I find it highly unlikely that it will dip below $400, we're probably just seeing an increase selloff from retailers due to more Christmas shoppers using Bitcoin.
That's pretty speculative. Most retailers who accept bitcoin immediately convert to fiat through a payment processor since it's too risky to hold bitcoin for any period of time for a business. If the price move was related to Christmas transactions, I would have expected to see it move prior to Christmas, not after, since that's when the sell-side activity would have been. But on the whole, I suspect btc retail just isn't significant enough to move the needle anyway.