Quote from: underground_ on May 06, 2013, 07:11:57 PM

I do think bitcoin's long-term future is bright, but it lost 80% of its value in the course of a week. Now, and in the short-term, any slight dip will turn into a massive crash. Buyers will only buy so they can sell a few dollars higher. Get rich-quick schemers will take their money elsewhere. Early adopters will cash out en masse. It would take a true black swan event (amazon, google adoption, etc.) to break us out of this downtrend.

As I see it , it would take what you call "a black swan event" to stop the uptrend ( a fault in the algorithm or the US making bitcoin Illegal).
You are looking on such a small scale. Pull the scale back to 1, 2 ,3 years... we are right on track.