Quote from: Elwar on September 30, 2014, 09:55:23 AM

We have never hit a previous high after a new spike in the price so we are close to the bottom.

Never say never.

There could be a quick and painful dip below 266.

Personally I am hodling on cold storage atm but were I not doing so, in order to try and sleep safe at night (lol @ this... as if that's even possible when most of your money is a number in a bitcoin exchange), today I'd leave a catch-all bid at 280$.

Long climb or not, BTC USD price has always been asymptotically proportional to the estimated transaction volume in USD which is slowly rising even while the price is declining. There will be a time when the transaction volume will be enough to sustain the price. That will be the bottom.