After the $30 peak, it took some time before people realised that it had become a bear market.
Exactly. It'll take a while, but eventually I think we're likely to get into the $10 area, and probably lower. I've got all the time in the world.
proudhon, tell us at what price you'll actually buy and become a bull. b/c you've been a bear all the way down to $2 and now all the way up to $19 and back down to where we are now. when, oh when?
he's probably thinking something very bad will happen at one point ( Governments start poking around ) and price will suffer gr8ly.
anything can happen.... <1$ bitcoins is not imposable,
to think nothing bad will ever happen is just plain stupid, its just getting started... the currency wars are going to get real ugly, real soon.
Despite what conspiracy theorists would want you to believe, the world's governments are not in such a good companionship as to make a coordinated attack on Bitcoin.
It does not need to be a coordinated attack - USA alone is enough to scare investors, sure the anarchists will stay with bitcoin till the end - but USA can destroy the exchanges.
so what?
the proper way to think about this is that politicians and their crony bankster friends consist of only 0.02% of the population. as well, Bitcoin security exists at the level of the laptop, metaphorically speaking.
when the average person in the other 99.98% of the population truly understands Bitcoin, his laptop will automatically become a server in the network. there is absolutely no way for any gov't to shut down 99.98% of the population of the world from expressing their opinion, unless you believe they will shut down the Internet itself.
which will never happen.