Quote from: Sundark on January 02, 2017, 07:39:26 PM

Quote from: Sweeet on January 02, 2017, 07:22:01 PM

Quote from: JimboToronto on January 02, 2017, 07:13:48 PM

Quote from: Sweeet on January 02, 2017, 04:52:19 PM

...2013-2014 when the first big drop happened...

Do you mean the fall from $1200? That was hardly the first big drop.

The crash from $33 to $2 back in 2011 was bigger. The crash from $266 to $50 was a pretty big drop too.

Even the short-lived crash from $0.10 to $0.01 in 2010 was bigger.

There will be more bubbles and more crashes but as long as they keep getting exponentially larger, everything will be fine for long-term holders.

Bitcoin still has a long way to go before it hits the "vertical" stage of the adoption s-curve.

Well... the first notable drop, I am just trying to relate to the current situation, last time the price was over 1000$ it dropped, tremendously.

Well, last time when price was that high it was manipulated by bots, Chinese traders and Mt.Gox which was basically the biggest BTC exchange at that time.
We don't have exactly the same situation now. Price rise is more organic and real. At some point we will see drop, but it won't be massive 50% price reduction more like slight decline to $900.

Yes, I agree, as I said in my original post I was trying to explain how the situation now is different from this drop and is more stable.