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
To me this is very obviously an attempt to buy time from banks and governments they are trying to suppress the price of bitcoin in any way they can, they tried to use the future markets and it had an effect but it was not enough now they are dumping coins and it did have an effect but is still not enough so they are leaving the threat that coins are going to be sold in the future so investors are afraid of buying bitcoin until that time.