Quote from: jubalix on February 05, 2018, 10:51:01 AM

So it sat around the 7~8k mark i feel we are about to do the next leg down to the 5K mark.

then a flash crash 3K then we should wobble around for about 2~3 years until next time.

see you all in 2021 for the next cycle.

I look forward to 3 things all those who did not hodl, and all the people now saying its dead just to see it go to 100K then 1M.

I agree that $5k is looking very likely now, and I wouldn't be too surprised if it did touch $3k or thereabouts (ever since the retracement from $5k to $3k in September I've been bothered by the fact that it never retested $3k).

However, I don't think we're going to get a period of price stability for a significant length of time. We did after the last crash in 2014/2015 because I think most people wrote off bitcoin as finally being dead. A lot of people lost interest after the boom in 2013. But I see two big differences with this cycle. First, bitcoin/cryptos are a lot closer to going mainstream than they were then. Today, there's a lot more interest, and it's much broader, including some from institutions. Second, this drop is much much faster (so far, at least) than the last one. It took over a year for bitcoin's price to crater after hitting a high of around $1100. That was much more of a slow, grinding decline that you just couldn't stop. Price has jumped off a cliff over the last month. It could take a little while to get back up to $20k, but when this thing finally does bounce, I think it's going to bounce really hard.