There has been 2,5 days that the price has been higher than now. How the fuck can you people be all bear all the sudden? How happy you would have been 1,5 days ago if you could have bought coins at these cheap prices? Well, THE TREND IS NOT BROKEN, you can still buy your cheap coins.
This is all part of the process. Its part of the human condition. You can chart the exchanges and you can chart people's emotions right along with it.
We are going lower. For 12 hours. A day. A week. A handful of months. We don't know. But we are going lower until enough people say "this is a great price." And then we will go higher. For a while. And then we will go lower for a while after that. And then eventually we will go higher and a new upward trend will develop. And then we will go back and forth for a while and then a new bubble will start.
This all assumes that bitcoin and its eco-system remain stable and healthy.
How long all this takes to unwind is anybody's guess. If we don't have a turn around in the next 24-36 hours, I think this process will take a few months to unwind (at least).
You are talking about crash, but this isn't one... this is correction and big bear trap. We would have needed a bigger drop than 50% to make this a trend reversal.
