I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.
No paranoia my friend i am nervous too. But i think bitcoin will survive as technology
bitcoin could easily survive as technology with price being 10$ and lower....
That's NOT really the current and/or pressing question about whether BTC can survive as a technology... At this point, a fairly large, if NOT overwhelming majority of us, maintain a fairly high certainty that bitcoin will survive as a technology.
Currently, most of us are mauling over the ongoing price depreciation which seems to be moving contrary to the large amount of good news that we have been receiving.. and that most of us, including your truly remain fairly puzzled about what is taking so long for the upward price swing to begin.. .personally, I thought that we were going there in May/June/July time-frame, but thereafter, BTC prices suffered a trend reversal that has been going on ever since and really demonstrates a fairly intense downward trend in the last 10 months, in spite of a large amount of capital flow into various aspects of the BTC infrastructure, which would cause many to conclude that these investors, at some point (possibly in the near future) will want to receive some kind of return on their investment - which in part was likely calculated through expectations regarding BTC price movements.