Topic: This is just the beginning of the crash. - page 3. (Read 4544 times)

Are you stupid or what ? its 2nd boublle. People who brought in in 2013 dont know shit about 2011 boubble.

I hope you are wrong, I believe in Bitcoin & crypto currencies and i personally wouldn't want to wait a while for it to come back (i'm sick and tired of Fiat hyper inflation), it needs to keep going strong above $120. Infact if the scenario you're talkin about plays out, i see bitcoin dying forever eventually replaced by another coin. Don't think for a moment there aren't individuals, groups and corporations working to create the next technologically superior Cryptocurrency as we speak, And BitCoin will be nothing more than an "Experiment" as other superior crypto coins arise. Ripple and all the other alt coins are a good example of what is to come. All the ppl wishing for a major BitCoin crash don't realize another mega crash will KILL bitcoin, and your "cheap" coins you wished for will stay "cheap". 

I love how people keep trying to compare bitcoin to stocks etc.

So many people claimed $32 in 2011 was the absolute top forever.

Now where are those people? Dead? Yes they are silent.

You too will be outted once the price breaks above $266.

Whether this week, next month or the end of the year.

I've never been wrong on this forum about price direction.

I agreee with you 100% look at this

wrong. smart money knows that the best time to purchase an asset is when it is extremely oversold.

if wrong can you promise to not post for a year?

LOL Drawing an arrow in the direction you want the price to go doesn't make the price go to your price target lol

Which is exactly what virtually all speculative bubbles do. Dot-com bubble, housing bubble, etc all look like that; there is the peak then the drop then the "bounce" back up, then the real drop.

im zoom out and then see this:

why do you feel the need to spam this board with your buddies?

Translation of OP: "I want to buy back cheap in otherwise I wouldn't be posting on this forum"

Zoom out on the time frame for your graph.

LOL tunnel vision syndrome in the house.

http://i39.tinypic.com/34dr3hv.jpg

Today we saw a flash crash to 121, a dead cat bounce back to 140, followed by a steady decline back to the mid 120's. Investor confidence continues to be shattered every week the market does this. No smart money is moving in, I guarantee you no smart investors are saying "hey look what the price has been doing the last few weeks, let's put all our money into bitcoin!"

Public interest is the lowest it's been all month, as indicated by search volume and bitcoin client downloads (someone made a thread about this somewhere.) The hype and euphoria that lead us from single digits all the way up to triple digits is all but gone and this vessel is falling back down to earth.

Something to keep in the bigger picture perspective: Just 3 months ago, the price was under $20, and 6 months ago was under $10. Absolutely nothing has changed fundamentally since then. Transaction volume is still roughly the same, meaning bitcoin has not seen any significantly wider adoption as a currency in the last 6 months. It has only seen wider adoption as a speculative investment, but those people are getting their money out, and quitting while they're ahead, or cutting their losses.

Once the dust has settled and the market has fully crashed back to pre-2013 levels, we'll finally see some stability as the speculators will be gone (which I admit I am one of them, but I won't be gone, I'll still be here making money) and BTC will be back to being used for its intended purpose. 2011 all over again? Here we come.