Seems like BitCoin and LiteCoin is crashing now - BTC down from 147 to 100 (32%) and LTC from 6$ to 3,7$ (38%).
If the downtrend continues for several days/weeks we will probably end up with BTC down 80% and LTC down 90% from ATH.
Two hours later and it has rebounded to 120.If the downtrend continues for several days/weeks we will probably end up with BTC down 80% and LTC down 90% from ATH.
I would wager that these quick price dips are people sitting on piles of coins who think to themselves, "Welp, if I cash out now, I can have 500k. Good enough for me."
probably 300$ by april 15
Yes the parabolic curve can last forever, and ever and ever... or not. I am expecting a huge drop to 30$ so all noobs are shaken out.
Ironically Zero Hedge mentioned BitCoins parabolic curve just hours before the drop from 147$ to 100$
http://www.zerohedge.com/news/2013-04-03/bitcoins-go-parabolic