Quote from: stromma44 on August 07, 2016, 07:32:31 PM

Quote from: bit1 on August 07, 2016, 07:19:51 PM

Quote from: panju1 on August 07, 2016, 10:30:39 AM

Quote from: Rastadon on August 07, 2016, 07:34:33 AM

Quote from: Superbitzz on August 05, 2016, 10:25:06 PM

that is not right even to think so, it is fact that the price of bitcoin wall coming down to such a low level, bt now falling of bitcoin stop any more because there is a very strong support to bitcoin in 550$ and the price of bitcoin is really trading above 550 USD. and now the people have started buying bitcoin again therefore i am hopeful that the price of bitcoin will increase and not decrease i can expect that the price of bitcoin will easily cross the 1200 USD level at the end of this year 2016.

I do not think the bitcoin price will go below $500 again unless there is another big bad news such as the bitfinex hack.

The probability of that happening is not negligible.
All over the world, exchanges deal with huge amounts of customers' money, and not all of them have fool-proof security measures.
Unfortunately, when some exchange goes under, Bitcoin's price gets affected.

The price has become very difficult to predict when it is not one thing it's another.

yes and no one can predict what will be the situation tomorrow either it will be higher or lower so we need to keep active watch on price movements and take action accordingly.

There is no need to watch the price if you do not trade. I think it is better to concentrate on making more bitcoins.