it's been like this for a month.. the new crashes have been significantly different from the past ones; they weren't nearly as large in scale. can we say we are in a new era now? i mean, crashing from 1150 (bitstamp) to about $800 is a big deal, but going from $32 to $2, and $265 to $70 is much more significant, at least ratio wise.
the rise to 1K is definitely justified, a lot has changed, US regulations is no longer a concern for one.
but this market is bat shit crazy sometimes...
All i know is, I'll be a buyer when i see some really strong movements down, i'm looking for a bubble pop, b4 i buy again.
now does that mean ill buy at 500 or 1500 idk, and i don't really care.
That's just the thing. This market does not look like it is going to "pop." That's what we all expected.
But this weekend might have been a turning point in this market for a while (ever?). What we saw today was an escalating correction. That's not a "pop." So, from here it could go back up. But how long and how far before it "pops." Where would the momentum come from for it to reach those necessary heights?
The other scenario is that his correction continues for a while. And that's not a "pop" either. Thats just a mature correction that allows for real consolidation and confidence building. And that could take weeks.
So you might be able to buy back in the 500s in scenario #2. But there might never be a "pop".
