So looks like another bubble has popped and BTC is taking a nosedive dropping from 11600 to 9700 a mere 1900$ in 3 days. How long does a bear market normally last? I'm expecting atleast the full year, can it take longer?
I don't consider this as a bubble because the price is already recovered an now lying in the range abouve $9500 so it looks like a normal fluctuation caused by rumors.So it is a good time to grab the bitcoin for cheaper price.
Well you have to understand what's causing these dumps. It's noy just about a popping bubble. Mt.gox selloff dumped a huge amount of btc enough to move the market, at the same time making a lot of people uneasy. Look at it now that its confirmed there won't be any sell offs until sept. Prices are recovering to say the least