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I really expect a bigger correction during this week, selling pressure is quite high, and obviously new money stopped pouring in (or it just slowed down when compared to the times we were in parabolic growth).
When traders say that bitcoin has passed from weak hands to strong ones, they are describing a mechanism that prolongs a bubble collapse.
Certain traders holding losing positions (the weak hands) stop-loss sell to new buyers who can withstand a bit of a drop (the strong hands), until the latter in turn sell as they become the weak hands - right?
I believe that the bubble collapse will take the approximately the same duration as the bubble expansion phase - approximately three months. Plenty of time for more capitulations before the final bottom of this bubble - I think.
I have bids all the way down, from $115 to $32. I really don't think they will be all filled (that would be too good to be true, I would be really surprised and pleased if we go below $50), but during the last crash I learned that I have to follow my own lessons. That means that is important not to let greed to take over - I thought I could sell my hard earned BTC during the crash to buy them later cheaper - and I failed miserably selling them at the very bottom, and had to buy back at a considerable loss. I promise this won't happen again. I will just hold on the mofos, and I will take the chance to buy at every dip.
)
fingers crossed 
