… is still true?
I mean: It's not like that most of us have not seen bubbles before (internet crash, silver, etc.):
https://www.dropbox.com/s/dgbpj6zlebn2rho/crash%20imminent.jpgJust asking, not trolling ... it really looks just a bit too similar not to question it. And the latest run, followed by a small crash (30 per cent down is kinda crash, huh), followed by going up a bit and now ...?
Hey Newb,
I can actually guarantee you the top is not in yet. I am not in yet. Therefore it will go higher.
Also, nobody ever picked the top of a bubble, not once ever in history has the guy who sold the top know it was the top. So don't sweat it.
My prediction- the achilles heel is the old guard. One day the masters of war and money will get miffed (probably when top bitcoin holder's net worth eclipses Slim and Buffett combined, or maybe just one), they will do something legislatively atrocious. Panic will set in, and btc will get hit hard.
If you are a true believer, you will go all in as the blood is flowing, and wait for the uprising to return the true move higher.
After that if it works it will still crash again but from a much higher level.
http://www.google.com/trends/explore#q=Bitcoin&cmpt=qThat is a good chart to watch...