Quote from: Xenoph0bia on December 18, 2013, 03:35:46 PM

Quote from: MatTheCat on December 18, 2013, 03:03:56 PM

Quote from: dg2010 on December 18, 2013, 02:58:18 PM

I'm very confident that $400 was the bottom. As you say, historically post crash we seem to trend down towards 2x the pre-crash price.

These are great times to trade. It's low enough that I'm confident that it will recover to a ATH within 8-12 months, which means at least 100% gain in my holdings and it's moving quite a bit that I can try and snipe some additional day trading profit.

If it goes to $200 well I have enough FIAT to snap up a decent chunk of coins but it's simply not happening. $300 is even way too cheap right now.

What don't you understand about 44% of the Bitcoin market being forced to liquidate their positions by their government?

No, owning Bitcoins in Chinna is possible, I believe the Bitcoins in Chinna might be more valuable than elsewhere in near future, because of hard way to get Bitcoins in Chinna. Having miner in Chinna and selling the coins privately can be quite profitable if Im right

I totally disagree... While some people in China, might be looking to keep their coins, I'm sure the majority especially the miners would be looking to sell.

Why would anyone want to buy so called bitcoins privately, if chances are they can't get real cash?
Imagine if you had no access to any of the exchanges (pretty much the situation of the Chinese), would you really be holding your coins?
You'd have to be a serious believer to do that.

Nope don't buy it. Almost all the miners in China will be selling out to yuan while they still can. 90% of the speculators will be doing the same.

We shall see... $500 is way to high in this environment, in fact you've got to wonder what will happen as the deadline draws closer.