I'm sure it'll drop lower than 5 by the end of this month.
YES! I CALLED IT. My next bet is below $4.50 by the end of this month.
I'll go with 48 hours to $4.50.
Scraping the dead cat off the driveway.I am confused by this -- perhaps it is being taken too far. If Bitcoin is a dead cat being scraped off the driveway, how can its exchange rate still be @ ~$4.50/coin? (I assume USD value is to literally translate to the cat's altitude in meters?) It appears the cat is levitating. Now, perhaps the cat is able to control his altitude, and death would result in falling onto the driveway, which could occur if the cat is shaken violently enough due to extreme market volatility, and THEN he could be scraped up, but at this point, the cat has fallen only 4.5m, and died recently (in fact, we are predicting his death and would be able to respond immediately, and possibly even prior to the event's occurrence, in which case we could catch the cat), so it's unlikely we would need to scrape him off the driveway and could instead merely pick the cat's body up (assuming we did not catch the cat during the death-fall)... perhaps have a nice funeral service.
Now, to my point.... If we are going to use hyperbole to describe, and perhaps influence, Bitcoin's value - how about something more graphic and extreme? Maybe instead of "even a dead cat bounces when dropped from great heights," we instead say "even when shovel-dog is hit with the mightiest of shovels, his muscles spasm rapidly"? Or, what's the other one currently in circulation? The fellow getting his head chainsawed off, I believe.... "Even a man with his head detached by chainsaw will still spray life-force up into the air, and in a zero-gravity (or near-zero-gravity) environment, may be able to propel himself upward if upside-down, but will eventually run out of blood.... which may or may not affect the speed at which he moves." Hm... that last one might be flawed.
OK, less than 12 hours and the price has tanked down to $4.60. *Calling the Pet Cemetery now to take away feline remains*
I assure you dead-cat metaphors are not affecting trading price, but merely a commentary on it.
Seriously though, if folks are making money chasing the elusive Bit Rabbit, more power to them. But Looking from outside the day-trading Bubble these price freefalls really suck. Does not instill any confidence in holding Bitcoin as a currency nor investing in any BTC related enterprise. It just re-iterates the fact that Bitcoin will never be anything but a highly speculative gamble.
