ITT people see what they want see...
I'm leaning towards 'more downside' as well (expecting to see sub-200 again, for example), but you'll note that luc didn't say "New lower low incoming", but rather "Further price collapse is possible, but not required".
Also, prices an order of magnitude lower than current price (i.e. ryn's myself chart) are pretty unlikely in my opinion, unless catastrophic protocol failure or "global crypto ban" happens. It took more than a year for price to deflate 75% (as measured by a 20 day average), and we're already showing signs of selling exhaustion, so I wouldn't bet much on pre-2013 prices.
I'm leaning towards 'more downside' as well (expecting to see sub-200 again, for example), but you'll note that luc didn't say "New lower low incoming", but rather "Further price collapse is possible, but not required".
Also, prices an order of magnitude lower than current price (i.e. ryn's myself chart) are pretty unlikely in my opinion, unless catastrophic protocol failure or "global crypto ban" happens. It took more than a year for price to deflate 75% (as measured by a 20 day average), and we're already showing signs of selling exhaustion, so I wouldn't bet much on pre-2013 prices.
a) 208 not hit (yet?). Keep the salivation reflex in control
b) Even then, still missing what luc's main point was. Relevant parts again:
1. Further price collapse is possible, but not required, and
2. Very fucking long "silence phase" (after final collapse)
I'm not worried about the collapse, but the silence phase will be painful / depressing / boring.