We saw a flash crash after reaching $1080 down to the $1030's, but it's rebounded. So we're stagnating on progress it seems, making a sustained downtrend much more likely in my opinion.
Expect these sort of price crashes when some news pops out of China that Chinese authorities will be meeting with exchanges and even a news like that would create panic in the price of bitcoin and hope we wont see a crash and these sort of volatile nature really scares anyone who is invested in bitcoin.
It is terrible to see this great concern for the Chinese influence in the bitcoin price. I really hate this. I am a western man, so I dislike to be permanently reading and watching what are Chinese thinking or opining about bitcoin. Actually I think this a myth,
and I am sure there is bitcoin after China"The reports of my death are greatly exaggerated"
I'd say this is not a myth but rather manipulation aimed at shaking out bitcoins from the weak hands. It somewhat worked out in the beginning of this year when the price momentarily crashed down to 750 dollars per coin, but it fell flat now even despite the event itself (i.e. disabling Bitcoin withdrawals from major Chinese exchanges) which should have produced more pronounced (if not outright devastating) effect. It seems like folks really got tired of all these games and just buy Bitcoin whenever its price starts to decline
I read that the all time high was $1164. Am I wrong with that assumption that it rose that much back in 2013?
And to deisik. I thought that it was approved by SEC for ETF's of bitcoin were to go forward.
I haven't heard anything about that. It is rumored that the decision should be taken in March