Two images... more than 1000 words

[metac0m]

http://i5.photobucket.com/albums/y163/Ambil/trastos/bulltraps.jpg
http://s21.postimg.org/uhry2alnb/captura_8h.png

[chrsjrcj]

So what type of trap was the drop from $400 to $300? 

[seleme]

Cool, close the door please.

[kireinaha]

It fits the bitcoin `group think` mentality so well. Absolutely perfect.

[successquik]

As long as the long term trend is up I'm fine with this. Shake out all the old, jittery, low cost basis money and replace it with more stable holders.

Gonna be a LOT of trading opps in BTC, methinks as there are no true derivatives to smooth out the peaks and valleys. Great opportunity for the trader.

At least in my VERY humble opinion. LOL

SQ

[Bitcopia]

I think many people in BTC now have learned their lesson about panic selling. If you're were here for the April crash, price dropped from $266 to <$120 in a couple hours...

This is a "relatively" calm burst, and is likely not to be as intense as the April burst.

[wobber]

I think many people in BTC now have learned their lesson about panic selling. If you're were here for the April crash, price dropped from $266 to <$120 in a couple hours...

This is a "relatively" calm burst, and is likely not to be as intense as the April burst.

All bubble's burst and then recovered quickly. But only to be followed by a bearish trend.

[bassclef]

Maybe not 1000 words, but this chart has been posted almost as many times.

[fallinglantern]

Cool, so we should have returned to the mean by December? Works for me.

[SheHadMANHands]

That's cute.  You mad you missed the boat OP?

Saw this chart 6 months ago, and we're still at double that peak.  

[2double0]

Thanks for this! Very interesting!!

[btcprice]

Thanks for posting. This is very telling.

When I was a part of the run-up in 2011 I didn't know when to sell so I waited too long.

[goxed]

Seeing these charts after every bull run since Aug 2011

[notme]

So what type of trap was the drop from $400 to $300? 

That was a bear trap.  The jump up marked as "return to normal" is really the bull trap in that picture.

[lerelerele]

The same image repeated in time, that was in Japan in the 80s, recently in Spain, will see

[byronbb]