Quote from: deisik on December 17, 2016, 08:24:05 AM

Quote from: pooya87 on December 17, 2016, 04:47:38 AM

Quote from: coynedterm on December 17, 2016, 03:48:06 AM

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?

I think anything may be happen in the Bitcoin , because history of rates of Bitcoin directly saying that nothing is fixed in Bitcoin price .
We already seen in the year 2013 the fall in price was unpredictable and also growth in the price was unbelievable .
So anything may happen .

it is possible the 100th time i am saying this in this board. and i say it again.
DO NOT compare bitcoin in 2016 with bitcoin in 2013.
that pump that everybody keeps referencing that caused the big and long dump is because back then MtGox had more than 70% trade volume in the whole world so they could easily manipulate bitcoin price, the whales back then were not an numerous as today.
today the biggest exchange out there with mad trade volume only has less than 13% of the world's total volume and it is decreasing (because of spread) each day eliminating chances of manipulation.

Let's leave MtGox alone

But we still should not forget the dramatic consequences that its collapse led to. History never repeats itself, so, as you say, we can hardly see the replay of what had happened in 2013. But that doesn't itself mean that we are completely insured from the events that would be as serious or even more serious in their consequences that those that the fall of MtGox caused. On the other hand, the hack (or scam) at Bitfinex this summer drastically affected the prices, so can the events similar to what happened to MtGox in 2013 not really happen again?

To see another mt gox situation in 2016/17 is not impossible but it becomes more unlikely every day that goes by...

I have set aside a big pile of cash this time in case it happens and I am sure not the only one who wishes to buy a shitload MOAR Bitcoinz...... But I think the support is too strong and no matter what gets hacked any dip will get picked up almost immediately.....

If the current price were to drop by 50% people would sell their homes to buy in and some already are taking loans to buy at the current price so I just don't see it happening....