Quote from: billyjoeallen on April 13, 2014, 06:16:27 PM

Quote from: aminorex on April 13, 2014, 05:21:58 PM

Quote from: Cassius on April 13, 2014, 05:12:49 PM

$750 valuation based on what?

Numerous fundamental factors and several technicals converge in this area presently. You need to do some catchup reading. The bear case always boils down to fud - which is a legitimate and important factor. The bull case always boils down to facts and logic - sometimes erroneous but on the whole fairly sound ( although exhaustive scenario analysis is of course infeasible or even impossible). It is just possible that facts and logic will dominate in the long run. Not certain, but the upside is huge if they do.

The bear case is sustained by FUD, but it is not comprised of FUD. The bear case is that there are significant holders of large amounts of BTC with the ability to crash the market should any one of a number of things happen. They think the probability of at least one of these things happening is greater than the probability that hidden capital is going to launch a rally.

Bears also simply think that the flow of capital into BTC is going to be less than the flow out for a given amount of time. Miners would be buying their asses of right now if they had the capital to do so, because they know the price is substantially below the cost of production. So why aren't they? Coinbase price is only $2 higher than Bitstamp.

A bounce off of expected $400 support was on very low volume. We are always at the mercy of people who know more than we do.

Death Bot is on Huobi NOW!

Nice explication, miners are net sellers, weak holders that bought in last winter are solding, bears are solding for the reasons you mentioned and there is not enough money coming in to overcome the selling