Quote from: arepo on April 27, 2013, 06:59:59 PM

Quote from: ElectricMucus on April 27, 2013, 06:50:34 PM

Quote from: arepo on April 27, 2013, 06:49:08 PM

Quote from: ElectricMucus on April 27, 2013, 06:37:32 PM

Anybody who realized just now this is really a bubble and 50 wasn't the bottom.

again, how can the bubble model account for the minibull to $160? nothing like this happened in June '11.

--arepo

The infamous anatomy of a bubble chart calls this Return to "normal"

i don't buy it.

looks more like 'final capitulation' to me, and a really bullish one at that. the market bottom is right now, and everyone's terrified on the sidelines. remember "bitcoin never crashes below its previous high?" that support at $120 is stronger than what's on the order book.

Look at the timescales involved. We barely tanked to the point of where hyperbolic growth started. And press interest & Google trends hasn't followed the price this time.

But I don't really care not that anybody accuses me of trying to talk the price down, for all I care we can go up past 266 and reach quadruple digits this year. But if that actually happens we are in for a even harder smackdown afterwards.