Post
Topic
Board Speculation
Re: This crazy day shows that Bitcoin is not a bubble?
by
bitbit
on 11/04/2013, 00:32:57 UTC
It only fell to 105, and shot back to 190 within minutes. People started buying the cheap coins like crazy. Does not this promise well for the future of BTC?

No. A 50%+ crash in a couple of hours does not bode well for bitcoin, even if there is a full or partial price recovery.



Not a crash, just a correction. Since there are so many speculators on the boat. These corrections will get relatively smaller with time, as more and more people start using bitcoins. That is my prediction.