Quote from: Mr. Socko on February 05, 2014, 12:57:31 PM

There does seem to be a brick floor around the 800 dollar price level. I've been waiting for it to crash to 500 to get in but perhaps it won't happen. I'll say this, those at the top holding these mass amounts of coin seem to be pretty smart about not selling it off in large amounts... who knows if that's intentional or just dumb luck.

I figured by now it would have crashed to 400 for a reasonable period of time, shaken out some weak hands, gotten some fresh blood like myself in, and spiked back above $1200 again. That actually would be healthier for the speculators, but harmful for the coin as a whole because it would be seen as too volatile for commerce.

Price of bitcoin has dropped about 40% just a month ago. About 14-16 december.
So it is quite possible that it wilk happen again.

But, even if it will after it propably wont rise to 1200 $ - 1300 $ just because fresh hands has bought it.
It is not so easy.