Of course the price can still drop but people seem to be expecting it. Why? What signs point to it happening? Is it just the fiat mentality people can't let go of or is there something more to it?
Do you generally expect assets to continually double in shorter and shorter timeframes? The chart is starting to look rather parabolic. Not saying it is going to crash here but if i continues to grow the daily growth it is the likelihood of a crash increases.
One can simultaneously believe in the long term possibility of Bitcoin and also believe the exchange rate has come too far too fast and look for a correction. Ironically enough people being cautious about the possibility of a correction can slow the bubble and makes a correction less likely.
