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Author Topic: from $266 to $70? what happened?  (Read 2436 times)
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April 12, 2013, 12:29:24 PM

in 2 days the btc value rapidly down to $70 from $266? is this a strategy for the upcoming shipments of BFL massive T-hash mining rigs?

Perhaps, the subject heading is backwards, and should read: "Re: from $10 to $266? what happened?"

If it had only went from the ~$12 baseline to $25 only, everyone would have been satisfied. The run up to $266 may have spoiled the appreciation for such a more (relatively) modest move - actually not too modest since it would have been double the baseline.

A guess is that what we might see is 2011 all over again. Give it a year or so, and we might base out at $100, and another bull run, maybe!.
Perhaps, a run to $2000, with a subsequent crash down to $500, and eventual base at $1000. But who knows. That could easily all be very wrong - afterall, it's the speculation section of the forum.
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