Great New Crashcorrection (fulfilled)

[wobber]

266 to 60 is not big?

[Tzupy]

I don't know where it could crash to, but I think it will top at about 500-520.

IMO it already lost momentum, but it appears there are still some crazy buyers willing to get burned.
Once a clear downtrend will become apparent, tens of thousands of coins will show up.
Probably China is going to experience a crash similar to the one in April, and others will follow.

[LOADING.READY.RUN]

266 to 60 is not big?

Depends on the perspective: the lowest low at 50 was 3-4 times higher than the level before the rally started (let's say about 15 USD). The stabilization level was around 100, give or take, which was around 7 times the beginning level of the rally. And both are still significantly higher (1.5x and 3x respectively) than the previous all time high.

So everyone who bought in January had at least 3x more fiat if they sold on the bottom of the crash. This continuous grows makes crashes or big correction look weird in BTC world. Maybe they would look like crashes if we subtracted (well, divided by) the average exponential growth curve

[BitchicksHusband]

I don't know where it could crash to, but I think it will top at about 500-520.

I agree that we are probably a bit above the logarithm line now.  So it will eventually correct.  I could see a drop from $500 to $400 pretty easily, which puts us back in line.  If we go far below the line it could even get to $3xx.  But it probably would only stay there for a couple weeks.

[BarkinTree]

im all in and will keep riding this, but im not convinced of the logic that the bottom has to be above the previous ATH.

[leoragraves666]

im all in and will keep riding this, but im not convinced of the logic that the bottom has to be above the previous ATH.

Me too, people are eager to buy cheap, and once the panic starts, the price can go down like dominoes.

[adamstgBit]

hoping to buy lower now that you sold?

not gonna happen 

Not really hoping, I can buy anytime if this goes up in a steady pace.

lol thats funny

[wobber]

Hello Billy! I love it when I'm right!