Quote from: Hazir on May 12, 2017, 10:35:43 PM

Quote from: Paya on May 12, 2017, 08:32:42 PM

I do hope we can keep our nose above 1200 level. Less than that would be bad. Like, 2013. bad. Almost.

I hate damn bubbles.

It's not a bubble, it is real, organic growth caused by increased demand in Japan. In 2013 we had totally artificial bubble created by Mt.Gox and Chinese leverage speculators.

Price of BTC won't crash this time, we will have normal correction, and then BTC will resume bull run. It is a high chance that we will see $2000 sooner that we thought we would.

Mechanics is different than before, I agree, and numbers are overall less dramatic, but after this crazy bull run psychological effect (of the roll back to or even below 1000) would be nearly the same. You know how it goes - lot of people lose money and leave disappointed, mainstream medias spread bad news, and so on... all followed by another period of stagnation. If this happens, we won't come anywhere near stable 2000 for a very long time.

In my opinion, increased demand in Japan is purely speculative. I am not seeing well developed businesses there starting to accept btc; there are only unconfirmed rumors, FOMO, and bs. Hardly a foundation for healthy sustainable growth.

I hope that you're right, though.