Quote from: aardvark15 on January 19, 2017, 01:12:43 AM

I would be very surprised to see the price drop to $200. I could see $500 maybe, but anything is possible at this point. Just see it as a chance to buy more.

That would not make any sense, because the mining difficulty is very high at the moment, and that means there is a much greater cost to produce a single coin.
From the analysis I've seen, most miners would not be able to produce a single Bitcoin at a cost less than seven hundred dollars, so it does not make much sense to expect people to dump the coins in the market at that price. As you said, anything is possible, but I think the only event that could lead to such a price drop would be serious technical problems on the network.