Topic: Three weeks ago.. (Read 907 times)
already rising , china failed
The big crashes seem to be caused by big events. Earlier this year it was Gox, this time it's the chinese. If we can recover from the only real trading central at the time exploding, we can recover from one country losing interest. Give it time.
I think you're confusing "caused by" with "coincidental with". Big crashes are caused by big bubbles. Once a bubble is large enough, any pin is enough to pop it. There are many news stories that COULD have crashed bitcoin but didn't (like SR going down), because the bubble wasn't ready to pop yet.
The big crashes seem to be caused by big events. Earlier this year it was Gox, this time it's the chinese. If we can recover from the only real trading central at the time exploding, we can recover from one country losing interest. Give it time.
Big events contribute to or catalyze crashes, but crashes are primarily caused by over-extended run ups in the price. We danced this dance many times before. The price needs more time at lower levels to solidify those levels in the hive mind of the market. After a while the market will very likely move up again and set new highs on the way to the next overextension and crash. This will happen again at new highs.
The big crashes seem to be caused by big events. Earlier this year it was Gox, this time it's the chinese. If we can recover from the only real trading central at the time exploding, we can recover from one country losing interest. Give it time.
Sure. But if you need the money in 2 months and the recovery takes 4 months you are out of luck. 
Well if you need the money in 2 months, you're doing it wrong.
You should never need the money.
However, you should be fully aware of the trend bitcoin has followed EVERY SINGLE TIME.
It may not be today, and it may not be a month from now, but it WILL go above what you paid for it.
Sure. But if you need the money in 2 months and the recovery takes 4 months you are out of luck.
Actually, not even three weeks ago. On 20.11.13 13:48 I was certain bitcoin was done for. I sold out everything i had for $427.902.
And once again I sat there in awe as it recovered. 539.98 USD is when I bought back in, and it never looked back.
We're witnessing the same thing bitcoin has taught us so many times. Open your eyes and look at the history. This is a temporary "crash", and this certainly isn't the end of bitcoin.
Don't be a fool.
And once again I sat there in awe as it recovered. 539.98 USD is when I bought back in, and it never looked back.
We're witnessing the same thing bitcoin has taught us so many times. Open your eyes and look at the history. This is a temporary "crash", and this certainly isn't the end of bitcoin.
Don't be a fool.
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