Quote from: CoinCidental on December 04, 2016, 03:52:40 AM

Quote from: BTCLovingDude on December 03, 2016, 02:17:19 PM

Quote from: aardvark15 on December 01, 2016, 03:18:39 PM

Do any of you that follow the price of Bitcoin closely think that the price will ever drop back down to $500 or something close to it? And why or why not?

no because of one simple reason:
price is $760 right now and lots of people have missed the chance to buy and are dying to get in, now imagine price going down to $710 lots of people are lining up with money in hand to buy bitcoin.
it goes to $690 even move people are lining up and at some point it is no longer possible to lower.

it is called resistance.

Finally, someone else understands.....

Too many threads about people waiting for $100 - $500 bitcoins when the market is very clearly moving in the opposite direction...

This is gentlemen!

Although it seems some people are fudding I do find this an honest question. Although i believe the 500 dollar price maybe be something that we will not see in the near future.
With a new kind of pump going on, only a hack or something like that can push the price back to 500