Re: Why did bitcoin failed?

Well bitcoin today is not in a good place but its not dead as you say. It will come back for sure. Everyone is believing in that

Yeh! It will be back @ 266USD No Time!

Probably the bottom will be higher, somewhere around $350.

Unfortunately since we're going below $450 I believe the bottom could well be $100.
Bitcoin will return from the dead but weak hands must be killed first

Nobody knows where it's gonna strike within few days, it may rise back up to $500 or it may even hit $100. But as you said weak hands must be killed first and that's the real way to make it almost stable. Personally I think it won't go below $400.