Quote from: Rosewater Foundation on December 07, 2017, 11:43:31 PM

Quote from: Heater on December 07, 2017, 11:38:15 PM

Quote from: exponential on December 07, 2017, 11:24:53 PM

What could a potential correction bring us to? I think most of us agree that we're due for one but for those of us that have been here long enough, bitcoin "crashing to 10k" would sound like a pipe dream a couple years ago.

Looking at the weekly chart and comparing it to 2013 it looks like the top could be around $42,000 and the support will ladder down - from some levels not yet established, then $7,700, $4,400 and maybe even $2,500

The top will be hard to call but keep an eye on the coins available on Bitstamp. When it drops below 1,300 the top is not far away. Currently at 2,586 coins - so it's a long way to go.

You really see us crashing from $42k to$2k? In this day and age? With all our technology?!

No I don't expect it but who knows? They just look like the support levels on the weekly chart. We will build some more support levels on the way up - the slower we go the better - but we all know it won't be slow.

Hopefully the newbies are learning the hodl meme.