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comment by kleinbl00
kleinbl00  ·  3391 days ago  ·  link  ·    ·  parent  ·  post: The price of BTC is dropping precipitously.

Looking at the run, though, it doesn't seem to be demonstrating volatility beyond what's been typical for the past year or so. You see differently?





mk  ·  3391 days ago  ·  link  ·  

Yeah, you are right. It has seen drops like this last one before. It has just been quite a while since it dipped down sub $300 for so long. It's more psychological than anything, I guess.

I long decided never to sell any until after the 25 to 12.5 reward halving. But if it gets low enough, I might actually get some more. IMHO the real floor to this thing is demand for apps that need bitcoin (Ex: bitcoin payroll, bitcoin tipping like ChangeTip, and bitcoin remittance), and I don't think the demand for those services can buttress up even these prices, if I had to guess, I'd say that floor is somewhere between $50-$100, but I have little to base it on.

user-inactivated  ·  3391 days ago  ·  link  ·  

If it gets to $50 I'm going to have a hard time finding a coherent reason not to buy ~4.