Quote from: sjc1490 on October 04, 2014, 03:40:18 AM

Quote from: andyjjones on October 04, 2014, 03:23:17 AM

Has anybody seen what's been happening to the BTC price lately? Yikes!!
Does anyone have any theories as to why this is happening?

Was a bunch of sell offs today, it had gotten down to 338 but seems to be holding around 350 lately. Biggest question is "how low will it go" ?

I've been involved in BTC almost since its beginning and can make a somewhat educated guess that 1 BTC will trade at less than $100 in about two months time. The speculation bubble has burst and everyone is selling. And also companies like Coinbase are making great strides in getting people to actually use BTC as currency which also applies downward pressure on value. Even the next diff jump has the possibility of being a negative move as the large mining centers appear to be scaling back growth or even shutting down some miners.