maybe not this week or this month, but I believe there will be sub $300 coins again. We just had them yesterday. I believe going sub $200 is more likely than breaking $1200 during 2014.
News are not good. Too many people still too bullish, with massive paper profits. I think this cries out for another capitulation event
News are not good. Too many people still too bullish, with massive paper profits. I think this cries out for another capitulation event
Quoted for posterity. I see we're approaching despair.
No, we are months away from despair. Well, unless the market collapses with huge volume, but that seems unlikely right now.
IMO the current stage is greed turning into fear. But the fear is mostly due to the malleability attack, not to normal market movements.
Let's see how this turned out...
There was some despair, and I expected despair only during the last stage of wave C. Forgive me KARHU, for I have sinned!
I wasn't bearish enough. What happened on MtGox was close enough to a market collapse. And greed turned into irrational fear.
For MtGox, this was the worst crash in Bitcoin history (large price drop during one sub-wave), worse than the 2011 drop from 31$ to 10$.
From 1093$ to 220$, that's an almost 80% drop. Absolutely crazy... 'Normal' behavior for MtGox after such a crash is a strong rebound,
but it seems the market is waiting for more than a neutral press release to regain some confidence.
but im glad i do not care that much about price fluctuation, if it goes up i HODL, if it goes down any further I buy buy buy