Every other BETI > 0 spike has briefly dropped down to the level of the previous peak, so I wouldn't be surprised if we made it down to $1200 (for a few seconds). More interesting is how high we go before we go there =)
How far back does the BETI data go? Is it based on historical Bitstamp data, or is there data that goes back further? I'm curious what sample size we're talking about. If that's really the case based on a decent sample, I'll be tempted to sells some coins to rebuy when the crash happens.
$20,000 to $1200 would be a 94% drop. From $50,000 it would be a 98% drop. We would definitely create a whole new generation of salty bagholders and "bitcoins are tulips" naysayers if that happened. I have my doubts, but you give me some hope that cheap coins aren't gone forever.
Dont worry, its only temporary - a swift bounce to $5K+ will occur and many might not even notice that it went to $3K. It'll be like 'look at those bots that lost their coins last night in that massive hammer candle'
Only $5K? The bounce after the 2013 bubble pop went from $381 - $995. Nearly a 78% fib retracement. I would expect at least a tag of the 61.8% fib before we enter a downtrend.
