Post
Topic
Board Speculation
Re: This crazy day shows that Bitcoin is not a bubble?
by
chiropteran
on 11/04/2013, 00:48:36 UTC
These corrections will get relatively smaller with time, as more and more people start using bitcoins. That is my prediction.

They have been getting bigger, though.

A couple weeks ago these corrections were 20% drops, and a couple weeks before that they were <15%.

Don't measure as a percentage, measure in time.

The correction today reverted to the bitcoin value of a week ago.  A couple weeks before the corrections were the bitcoin value reverting to the value of the previous week.  Basically unchanged.