Quote from: herzmeister on June 28, 2013, 10:05:50 AM

Quote from: bitcoinscanada on June 25, 2013, 09:52:35 PM

I'm afraid I've lost my faith in Bitcoin. Somebody save me..

Entering fear / capitulation.

- bubble image snipped.

My guess is that you are correct. The main question is what is the level and decline pattern to get to 'despair'? I had guesstimated that the cycle would be shorter this time and get us into the $40's. Now I am more inclined to suspect that it will be of similar duration to the last time and take half a year getting well below the previous peak. That is, into the $20's. And the next leg up (hopefully into the 4 figures) will be a couple years out.

Of course significant external events could change the 'natural' dynamics significantly. So if we see the Cypress solution employed in other EU countries, for instance, I could see it short circuiting Bitcoin's native cycle and we could be off to the races.