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Serious bitcoin price discussion. Bears only please. How far will it drop?
by
Edward50
on 12/12/2013, 17:58:03 UTC
Please only serious posts by bears only. I need a discussion on how far you think this price will drop.

I am slowly buying bitcoins for non-bitcoin investments that are somewhat price related to bitcoins. I am only investing in non-bitcoin investments which are still cheap even if bitcoin falls below $300.

I personally believe the price is still way too high and all the signs are pointing for a big drop. Volume is also super low which usually means further drops are coming. Bitcoin has been nothing but weak the last few days and I expected the price to be in the $700's when I woke up this morning.

How far do you think this will one go until the price finally stabilizes? I am thinking around $300-500, since I always undershoot it will probably fall in the $600's.

What are you guys thinking? Where do you see bitcoin finally falling and stabilizing at?