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Title: Something people don't seem to understand Post by: yokosan on April 11, 2013, 09:44:01 AM The reason the price is going down is because the same people that were buying when it was going up are now selling.
We are now in a bear market. Title: Re: Something people don't seem to understand Post by: Frost on April 11, 2013, 09:44:48 AM Does that mean more freefall soon?
Title: Re: Something people don't seem to understand Post by: yokosan on April 11, 2013, 09:45:39 AM Does that mean more freefall soon? Nope, just a few minor rebounds and a long slow slide. Title: Re: Something people don't seem to understand Post by: proudhon on April 11, 2013, 09:49:12 AM The reason the price is going down is because the same people that were buying when it was going up are now selling. We are now in a bear market. http://i46.tinypic.com/nmfed0.gif Title: Re: Something people don't seem to understand Post by: giarc on April 11, 2013, 09:49:19 AM Does that mean more freefall soon? Nope, just a few minor rebounds and a long slow slide. I'm not sure, a large collapse isn't impossible. In fact it would be better for bitcoin to have a quick large collapse hopefully leading to a faster recovery rather than wasting a year in a long bear. But I'd agree it will likely be a prolonged bear market. Title: Re: Something people don't seem to understand Post by: Rampion on April 11, 2013, 09:52:29 AM Does that mean more freefall soon? Nope, just a few minor rebounds and a long slow slide. I'm not sure, a large collapse isn't impossible. In fact it would be better for bitcoin to have a quick large collapse hopefully leading to a faster recovery rather than wasting a year in a long bear. But I'd agree it will likely be a prolonged bear market. I don't foresee a prolonged bear market. I guess there are quite a few earlier adopters with well above +5.000BTC each that will immediately cash out a significant part of their stash as soon as a continued downtrend pattern looks likely. Just to secure some profit because hey, everybody can enjoy a few hundred thousands dollars. This means quick decline. We need that. We need cheap coins and a sustainable growth rate :D Title: Re: Something people don't seem to understand Post by: giarc on April 11, 2013, 09:54:38 AM Does that mean more freefall soon? Nope, just a few minor rebounds and a long slow slide. I'm not sure, a large collapse isn't impossible. In fact it would be better for bitcoin to have a quick large collapse hopefully leading to a faster recovery rather than wasting a year in a long bear. But I'd agree it will likely be a prolonged bear market. I don't foresee a prolonged bear market. I guess there are quite a few earlier adopters with well above +5.000BTC each that will immediately cash out a significant part of their stash as soon as a continued downtrend pattern looks likely. Just to secure some profit because hey, everybody can enjoy a few hundred thousands dollars. This means quick decline. We need that. We need cheap coins and a sustainable growth rate :D Definitely agree on the fast collapse being best, current growth rates are crazy. |
