ripietila has a point: it takes time from hearing about bitcoin to buying it. Last year I estimated this time to be 6 weeks (and called the january rocket pretty well using this approach). Maybe for the kind of people having heard of bitcoin during the spring '13 bubble this time is much longer. Many months, maybe even years to gain trust in this new-fangled hacker-thing. They need to see bitcoin is still around after much time to gain that trust.

Everyone agrees that (barring anything really bad happening) bitcoin will go up substantially again at some point in time.

Quite frankly: if this isn't going down soonish, it isn't going down at all.

The clock is ticking, bears...