I predicted this recent decrease in early Feb,
http://bitcointalk.org/index.php?topic=3396.0And people were all saying I am wrong.
Right now it's going to continue decreasing before we see the next expansionary stage within 3 months as a) new exposure occurs b) services open. I doubt it's going to drop to 0.6.
We're starting to see a few (not many) useful purposes for Bitcoin. 2 days ago I saw Bitcoin being discussed on 4can (as a way to buy drugs using silk road + tor). Expect more of this. Especially with Nefario's stock market and client improvements/forks.
You were right that 1.1 $ was a significant high.
The only thing that was wrong was the title, because it was not a bubble, but a standard correction. Bubbles lead to a massive crash and typically take the shape of a x-mas tree.
As discussed in my analysis, we see a standard consolidation from the high. It is currently printing a textbook style bull flag, poised to break out to the upside again.
Poll
