Looks like the bull run of the couple months is temporaly over.
bitcoin is always on a bull run
sometimes it is slower and sometimes it is faster.
Time to have a nice consolidation period around 1100$. Let the dust settle and let bitcoin cool down.
it is just the correction price after the fast rise of the ever lasting bull run. and the dust settles for the market makers fast when the price went down in the first dip.
We need to stay at this price for a couple of months and let it be the new bottom.
nope, those who wanted to get out and then get in at the bottom have already done that and made the profit they wished for.
a couple of months is way too long for staying at the same price. and if we do stay it will be because of unpredictable events not because market needing to settle down.
Its better for our market, traders and bitcoin's biggest problem: trust. Average Joe needs to believe in bitcoin to make it succesfull. Spread the news folks!
average Joes trust bitcoin not the short term fluctuations.
and it is up to you, when spreading the word, to talk about bitcoin and tell them about it as a currency not a wild swinging commodity that has high risks.