And WTF free falling? Have you even looked at the charts, we've pretty much been at the same price point for half a year.
So? Under $210 with decent volume it's free-fall time. The fact that we stayed above it for a long time makes a break of that level even more important and dramatic.
I said IF it goes there.
Riiiiiight. And the reason for double digits is simply to allow you to buy in really low before moon!! technical analysis?
Also I don't think we agree on definitions of free fall.
I said what I think is more probable to happen in my view if I had to guess and make a long term prediction.
I clearly said that IF there is a good setup in a few months (like in end 2012 or september 2013) or the log trend line from the ATH is clearly broken is time to buy.
If you ask me, whether it pumps first or not, it's gonna eventually go to double digits, where we'll see if this market is actually bound to reverse and see another bull market or slowly fade into obscurity.
This suggest that you see bitcoin only as some candlestick chart and value it based on "technical analysis" of past market performance.
I guess a lot of people do that. Probably the only reason the price is as low as it is.
You are looking at it wrong.
TA tells you when to buy and sell. Possibly avoiding big screw ups like losing 80% of your money in a year (no matter what your buy in price was, you still lost 80% of what you had more than one year ago). Hopefully, even making a profit out of bear markets.
IF BTC is an amazing technology that will change the world, its chart will give you reasons to buy at the right time.
If not, you won't lose (and if you're inclined, you can even profit from it).
Past BTC bubbles didn't start out of nowhere. Price gave you all the time in the world for no-brainer basic and obvious breakout setups signifying a big move coming. That's one of the reasons why they bubbled so hard.
Past BTC bubbles are actually a pretty convincing argument on why TA is very useful in BTC, for example.
