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.
LOL @ 75% never again. wait to see how high/fast this rally goes before thinking that. LOL at > 33%. L oh fucking L
so far youve been right? youve been here 1 month and started posting in the middle of current rally
LOL
I've been here since April. Lurking.
My post is there. Quote it. I'll be the first to admit I'm wrong if I am.
Carry on
unsheathe your sword and we shall battle to the death. my sword is certified from november of this year.
