You should read rpietila's posts...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
Market will not "crash". But it will serioulsly correct (-75%) when (and only after) it has grown more than 50% per day for at least 2 days.
Maybe it will crash from $2000 to $500.
Maybe it will crash from $5000 to $1000.
Maybe it will crash from $10000 to $2000.
Nobody knows.
Only thing we know is that right now it needs 4.5 millions dollars of new money every day to stay at this price...
75% is a crash and will never happen again unless bitcoin also fails. There are too many people now to absorb the large dollar swings that whales could manage. I think > 33% will never happen again. So far, I've been right.
You do realize that Second Market is buying about ⅓ of the miners' new coins every day singlehandedly, right? Wait until we get a couple more hedge fund managers that want their fund to look really good. Pretty soon they'll be buying MORE than the mined coins every day.
EDIT: I wouldn´t trust an investor, who uses word "never" in his prediction.
"So far" since when? Since april? We have seen 50% swing as late as three weeks ago and that was merely a correction.
However I completely agree, that people, especially new ones will buy more coins, than is mined right now. Otherwise end game and bubble pop wouldn´t be possible so soon
