Post
Topic
Board Speculation
Re: The Bear Market is on....Red candles still haunt my dreams
by
RationalSpeculator
on 02/07/2013, 15:05:46 UTC

+1 from me too Molecular. Rampion, why is despair and capitulation unavoidable in this correction?

Because its not a correction, it's a bubble deflating, and before BTC can start a new growth trend it needs to be undervalued and oversold.

How do you know that this will not just be a correction but that this will be a bubble deflating?

I'm asking as I'm not sure. I would agree that chances are higher for the price to go down over the next half year.

However, I also think there is a smaller but real chance that it won't and we trend higher the coming half year.

You seem very certain this won't happen. I'm wondering what makes you so certain?