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Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: ruski on April 24, 2013, 06:21:39 AM

Since everybody is so fond of this picture on downturns.

Well, we could be there or in the bull trap. To support that statement:

we already had a first sell off at around $27 (or/and during the first 2011 bubble)
we already had A LOT of media attention. Almost everybody know about BTC at this point.
we already had A LOT of enthusiasm, greed, delusion and "new paradigm" screamed all over
the bulls are now saying "return to normal, heading to the ATH"

And then:

"smart money" come in at $5ish or earlier.
"awareness" phase has passed (everybody knows about BTC now, we made headlines in ALL the main world newspapers - didn't you notice?)
we really had a "mania phase", don't you think so?

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ruski

full member

Activity: 350

Merit: 100

Quote from: NikolaTesla on April 24, 2013, 06:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

Haha, so we're headed down to ...breaks out the calculator $3? Being optimistic?

NikolaTesla

newbie

Activity: 28

Merit: 0

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: NikolaTesla on April 24, 2013, 06:23:51 AM

We're at return to "normal"

Wow I haven't heard that one before... *yawn*

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: naphto on April 24, 2013, 06:26:21 AM

"bull trap"

lol. Seriously, when will people stop saying that.

ruski

full member

Activity: 350

Merit: 100

Quote from: NikolaTesla on April 24, 2013, 06:23:51 AM

We're at return to "normal"

If we blow past $250 this week, you'll be wrong.

naphto

sr. member

Activity: 392

Merit: 250

"bull trap"

Hawker

legendary

Activity: 1218

Merit: 1001

Nah. We are still at the "Innovators/techies try it stage." The real growth is a long way off.

http://readwrite.com/2007/08/06/rethinking_crossing_the_chasm

NikolaTesla

newbie

Activity: 28

Merit: 0

We're at return to "normal"

ruski

full member

Activity: 350

Merit: 100

Since everybody is so fond of this picture on downturns.

Topic: YOU ARE HERE - page 4. (Read 4865 times)