I drew a similar conclusion, there is a valid downtrend in bitcoin prices. Downtrends are normal, there is no rule they'd last until zero. At some point there is an event and/or large volume and the trend is broken then we move on
Just one indicator is not significant to draw conclusions. Try weekly bars for greater accuracy, closing prices give strongest direction over time
/Bitcoin is NOT going to collapse any time soon; in fact, I'd wager 10 BTC
Thats a win/win bet!
a) Governments have already effectively made it impossible for people
Please tell me who validates governments. BTC is a valid alternative to dollars and it will be in future, competition is the threat. If they can hold dollar markets in the USSR despite that government, I think we presume this is not a real good reason for failure of btc now
http://russiapedia.rt.com/of-russian-origin/fartsovshchik/Good point. Trend can anytime change at all and people used to see btc's growing they are gonna used to its falling price, IMHO.
As for the Govern, I think, they can't destroy it as it is not national financial instrument but international one and no need to remind how difficult to make countries to unite for one purpose as everyone wants to make benefits from anything and has diff points on view, especially about financial development.
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