Quote from: Kaiji on December 21, 2013, 03:51:27 PM

Too many people with fiat waiting to scoop up cheap coins. Only way it will reach single digits is if there is a serious crackdown on btc. If it reaches single digits there is a good reason for it and it is unlikely to rise up again.

People are playing the holding game now; though after the China got out of the game I have a hard time seeing how the price can go back to $1000.

Anyone claiming bitcoin will reach $10 again is trolling.

However, pretending that bitcoins won't get cheaper in the coming days is also tolling. The Chinese haven't finished dumping their coins. BTC could easily get into the $300-$400 range for a while if the Chinese completely liquidate their BTC holdings.