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Bitcoin Forum > Economy > Economics > Speculation > The correction is just as expected - still no worries
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bitbit (OP)
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April 12, 2013, 12:57:09 AM
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Bitcoin has increased all too quickly over the past weeks. A major correction like this is just what one would expect. No worries. Bitcoin will rise again. Hopefully in a more healthy pace. Buy cheap coins while you can.
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April 12, 2013, 01:35:02 AM
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I don't think there is a lot of people worrying here...
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April 12, 2013, 01:41:20 AM
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Quote from: bitbit on April 12, 2013, 12:57:09 AM
Bitcoin has increased all too quickly over the past weeks. A major correction like this is just what one would expect. No worries. Bitcoin will rise again. Hopefully in a more healthy pace. Buy cheap coins while you can.

The pace wasn't the problem. The problem is the infrastructure not being able to handle the natural pace. The demand exists, the infrastructure does not.
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April 12, 2013, 01:43:53 AM
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Quote from: Luckybit on April 12, 2013, 01:41:20 AM
Quote from: bitbit on April 12, 2013, 12:57:09 AM
Bitcoin has increased all too quickly over the past weeks. A major correction like this is just what one would expect. No worries. Bitcoin will rise again. Hopefully in a more healthy pace. Buy cheap coins while you can.

The pace wasn't the problem. The problem is the infrastructure not being able to handle the natural pace. The demand exists, the infrastructure does not.

This
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bitbit (OP)
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April 12, 2013, 01:44:15 AM
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The price was largely driven up by speculation.
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April 12, 2013, 01:45:48 AM
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as long as it does not correct down to $2
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