Quote from: Harlot on March 04, 2017, 03:09:33 PM

Quote from: DoublerHunter on March 04, 2017, 03:05:06 PM

Quote from: lordquanta on March 04, 2017, 12:35:31 PM

are there any still waiting for bitcoin for $100/btc? If there are then they need to get out it. There is no way bitcoin plunging to that low. There is growing chance of bubble burst or at least correction.

This is true. Those people who are keep on waiting for bitcoin to be priced at 100$ is out of the game because i believe that the low price for bitcoin will be only 800$ and it can happen anytime because of the threat of panic selling but even though that scenario will happen, still bitcoin can bounce back to more than 1000$ price.

I don't think a price fall like that to 100$ per Bitcoin would make it be able to recover from then on. Because when you think of all scenarios about that fall it might be negative. Scenarios like a new Cryptocurrency is dominating the market, which we will see when Bitcoin is finish in its growth stage. Or even the government has taken action and controlled the flow of Bitcoin, and how many can be mined which will make Bitcoin's fall permanently

It is unlikely that we are going to fall that low

But we have already seen that. We crashed from almost as high as of now to a little above 100 dollars per coin (something around 160 dollars, if I'm not mistaken). Indeed, the reasons why the price crashed back then are no longer relevant, but there may be other causes emerging for such an event. For example, Satoshi still has about 1M bitcoins, and if these hit the market one day, the impact on Bitcoin price would be pretty much unpredictable. As to me, I don't think that the price would fall that low, but it will largely depend on how fast these coins enter the orderbooks. If Satoshi chose to spend his stash (provided he is still alive and has access to it, of course), he could easily strike a private deal and sell all his wealth without ever moving a single satoshi from his wallet (by selling the keys). Probably, he already did this