Re: Top 5 reasons why I predict a bitcoin bear market in Q4/2017
We have all witnessed the fall in price on September 14, part due to Jamie Dimon of JP Morgan and part due to rumors around China, the market was bleeding that day. Everybody knows that bitcoin is volatile, but I am sure that you didn't expect waking up that morning and seeing bitcoin down almost 1k$.
Bitcoin has doubled nearly 11 times since Nov 2012, on average every 6 months. That equates to a whopping 160,000% rise.
Do you really consider a 25% drop a "bear market"?
Wake me up when it falls 75%. Even then, Bitcoin would still have doubled 8 or 9 times since 2012. And probably still recover.
https://bitcointalk.org/index.php?topic=2203360.0
