Quote from: JimboToronto on December 09, 2013, 07:46:35 PM

Quote from: Coinseeker on December 09, 2013, 06:50:02 PM

It's certainly possible, but I wouldn't bet on it. I'm doubting we'll ever fall below our previous ATH of $266. Next time we really cross $1000 good, may very well be the last time we see triple digits.

I agree except I think 266 is too low.

Historically, it bottoms out at about twice the previous ATH.

e.g. 30 -> 2, 266 -> 50, 1242 -> 550

But these figures do not represent an event if there is a major bad news about Bitcoins all over the press. This theory will fail in that case, since most hands will then start panic selling if in any way a news challenges the future of Bitcoin.