Well, I think the problem is not in the price, the problem is the massive speculation: if people panic buy bitcoins just because duh magic money, yes you, me and everyone here have a big problem, but iif the value of bitcoin grows with the price (ie new killer apps, amazing UX in clients, more services, and more commerce) then you will never want fiat again.

This is why I am against to the current price, we are not Western Union nor Paypal, yet. Yes, I know we are better: Bitcoin is an amazing technology, and maybe in three years we will be able to use it almost everywhere, but now we don't even have something like eBay because for some reason Bitmit closed.
I want to see a big correction and go back to the old "slow" exponential growing we had one month ago so we can all focus in more important stuff, like keep bitcoin decentralized, expand the current services and online markets, improve the clients and the protocol, etc.

China don't want to believe.

omg page 2666!!! the apocalypses is here! 

and btce... and bitfinex.. and btcchina 

Someone create a radio show from this thread please!

I wouldn't say "sadly": since 2011 the price is growing exponentially, that's fantastic, but over the last 40 days we went double exponentially, that's madness, specially without some mass adoption supporting it (where mass adoption means mass use of bitcoin, not mass speculation)

oh man, let me use imgur at least so I can put animated gif 

but still possible: what could happen if, let's say btcchina gets hacked?

you cant properly put gif here: https://i.imgur.com/inSWYOz.gif 

you are right, I was just comparing it to the last crash, but there is no reason for doing that...

imo a correction should be between 200 and 400, or even 500 if we go a bit further

you can't call that a "correction": it's just one stick in an year chart

Maybe we are being too hasty...

what correction? 

So, the new paradigm is real?! no more corrections from this point?

really? the only thing I can see is low volume and the price going down, and you know what that means..

Whoever bought those thousands of btcs today save all you bulls from a crash and you know it:



still near to 0 volume... this market is a lie

Before we had big drops and then recovery with very low volume.

Now we still have some drops but we are not recovering anymore: the price is slowly going down with low volume

patterns everywhere!!

Over the last 3 days we went from 716 to 890 and now we are at 819, this feels more like the top of a long rebound than "the new $100"