Bitcoin Forum

I think this might be quicker this time - because it falls so quickly - but on the other hand the way up was much longer then last time.

I want this month a trend reversal. From playing in the broad area of 50-100s to playing into 500-1000. I wanna see crashez like that daily.

At the rate we're dropping, if it went for 6 months bitcoin would be basically 0.
But it's good, the faster it drops the quicker the bubble will be over.

There will be lots of false reversals on the way - that's guaranteed.

But sooner we get low, the better.

idno

pretty much anyone that would want to know about bitcoin knew about bitcoin in the bubble that just popped
this party is over

Seems like there might be a last stretch to $60 before it falls back to $50 a little. Then it should be time to slide further down. But think $50 might hold up a little.

It needs to bounce much more - otherwise it would be quickly done.  Too much money waiting from the previous sells ready for bounces.  I would rather expect a huge triangle - with bounces back to around 200.

Rises and drops in price are NOT linear.

For this reason we will never reach either "the singularity" or zero.

The 50$ are marking a critical level with lots of buying and many speculators, who jumped onto the bandwagon (around 50%), already lost their interest in bitcoins. There's still air to the downside, but who knows when there will be a bottom.