To me, it looks like it is going down now.. Many of the bulls think speculatively that by selling now, it is easy to buy back later. While this thinking is wishful (not all of them can buy the coins back - sub-100 or even at all(!!)), it is enough to take the price down in a long slide to around $50.
Only the growing usage will save bitcoin now. It may take months before it catches up. We are 2 months to the bear market now, I would not be surprised for 2 more months. 4 more would be a surprise.
Don't sell your coins. In 2011 only the ones lost who sold. I bought about BTC5000 then from somebody who could have held onto his treasure but chose to throw it away for a pittance. Read my threads (links in the sig). Don't sell.
Our perma-bull is feeling bearish. I feel odd, like a terror has gripped my very bones. Sold 20% of all bitcoins, heres hoping I can short.
Same thoughts. Sad to hear, as I loved those ultra bullish bold predictions.
rpietila, why do you come up with this conclusion now? Nothing fundamental has changed and the only argument one could come up would be "we didn't skyrock already, that's why".
