Denial at an all time high in here. It's a bubble guys, it's happened multiple times over the last few years, this is how Bitcoin is going to grow, each bubble less severe than the last (on a percentage basis), until it stops. Trying to fight the trend is going to get you hurt. Keep in mind we are STILL 10x the low point of this summer, which was ~7x where we started the year.
Just this year:
$10 -> $260 -> $70 -> $1200 -> $300-500? ->
Sell your coins and buy back in when the dust has settled
Quit with the FUD.
Average stable price before the Q1 run up was $13+ (for a month+)
Average stable price after the correction was about $100, other than during the panic, and at final capitulation.
We were stable at an average of about $130 before this run up (6 weeks).
Let's do a little simple math, which is clearly beyond you.
$13 > $266 > $100 2000% up at peak. 66% drop from peak on correction (other than overshoot and final capitulation)
We can agree each bubble and subsequent correction is less severe. This means we don't overshoot on the way up as far, and the drop is much less percentage wise, off of the peak, and does not overshoot as far either.
$130 > $1246 > $743 (current) 1000% up at peak. 40% drop from peak.
This would seem to suggest our average "stable" price should be higher actually. Half the growth, half the correction? Should settle 33% down, no?
This is only if things are the same, which few would say that they are. This is simply to debunk your FUD on where the price should settle. Quit wishing for more cheap coins, you had your chance.
Edit: Numbers are approximate.
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