Quote from: benjamindees on July 22, 2013, 06:47:07 PM

Quote from: benjamindees on April 10, 2013, 11:59:37 PM

In the largest flash crash so far, in 2011, Bitcoin went from around $30 to around $3, losing 90% of its value. Today, Bitcoin went from $265 to $105, losing 60% of its value.

I predict this trend to continue, and for Bitcoin value to continue to become more and more stable as time goes on, even as the price rises.

Easiest prediction evar.

Just because Bitcoin value dropped 90% from peak in 2011, doesn't mean it will repeat that in 2013...Bubbles always burst but the percentage drops from peak to bottom and timeframes are always different each time. Although I believe we will test $50-$60 again this year, I doubt we will see $30.

My 2 cents.