Crash or correction

[101111]

The much publicised bubble crash made for some dramatic charts etc.

However the median price on the day was only around $210, quite a distance from the momentary high of $266. Very few sales were made at or near the top it seems, and these very likely during a period of exchange failure, giving us (imo) 'bad data'.

This is my perhaps a naive view, that the bubble never bubbled as much as has been widely reported, and the subsequent pop is a correction not a critical wound.

[Hei_]

bitcoin will be back up. just wait

[tartessos]

Bitcoin is finding is value.. it will grow up as much as people use it for business. is a good thing to rid off speculators.

[b!z]

It will crash very soon. Sell before it's too late.

[101111]

thanks for the heads up, good to meet someone 'in the know' lol

[yayayo]

It's both a crash and then a correction.

Needs time to get up again.


ya.ya.yo!

[Alarion]

I'm looking at alt coins as more of a long term investment. I think this was a crash to be followed by a correction.

[TeqnoHaxor]

thanks for the heads up, good to meet someone 'in the know' lol

The only people in the know are those with enough leverage to manipulate the market.

[supdoodz]

Suspect it will be flat for the short/medium term. Probably a good time to buy for the longer term.

The future behaviour of the market depends really on what bitcoin morphs into; a store of wealth like gold, or it develops a digital only commodity-esque function, or whether it can successfully bridge the gap into the real world and become a day to day operational currency.

Its good fun watching anyway.