Once people realize that the price isn't going to crash because those BS&T coins aren't going to materialize ever, it'll remove the imaginary downward pressure they'll start buying up at a steady pace again. I predict we'll be over $20 by the end of October because of that. Likelihood of a crash from this fiasco is pretty low, imo.
IMO,
with or with out BS&T coins its going down, at this point its only a matter of degree
Why?
because the other 9.5 million coins matter too.
everyone has a price, and they all want their money yesterday.
Perhaps. IMO, the attitude on this forum is still very bullish for folks actually holding coins.The recent run up to $15 was based on speculation, and Pirate precipitated the crash that corrected it. Seems to me that there is pretty solid support around $10 right now. Pirate didn't "break" Bitcoin, so why should there be less confidence now than 6 months ago? I also suspect that upcoming drop to 25 BTC per block isn't properly factored into the market either. But that's just a gut feeling.
