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We may be quickly approaching another window of opportunity to buy Bitcoin at below $400 prices.
Last month (mid January 2016) Bitcoin dropped below $400 to around $335 or so for a number of hours before stabilizing at around $370 to $380 for a number of days. It then slowly climbed back up in price and then at some point in mid February to over $400 again.
So what happened?
It appears that an article published at Medium.com and written by Bitcoin developer Mike Hearn lead to the plunge -
January 14 2016 - The resolution of the Bitcoin experiment
Up until just a few days ago Bitcoin prices were consistently rising and on February 20th was at about $440.
Then just a day or so later prices began to slowly fall again.
What happened?
It seems that another article published at Medium.com and written by the Bitcoin Roundtable is likely behind the current slump -
February 21 2016 - Bitcoin Roundtable Consensus
As of today's date (Feb 24) Bitcoin price is down to about $413. Will the price drop below $400 again?
Last month (mid January 2016) Bitcoin dropped below $400 to around $335 or so for a number of hours before stabilizing at around $370 to $380 for a number of days. It then slowly climbed back up in price and then at some point in mid February to over $400 again.
So what happened?
It appears that an article published at Medium.com and written by Bitcoin developer Mike Hearn lead to the plunge -
January 14 2016 - The resolution of the Bitcoin experiment
Up until just a few days ago Bitcoin prices were consistently rising and on February 20th was at about $440.
Then just a day or so later prices began to slowly fall again.
What happened?
It seems that another article published at Medium.com and written by the Bitcoin Roundtable is likely behind the current slump -
February 21 2016 - Bitcoin Roundtable Consensus
As of today's date (Feb 24) Bitcoin price is down to about $413. Will the price drop below $400 again?