Quote from: Ludwig Von on June 11, 2018, 10:33:20 AM

Quote from: theymos on June 11, 2018, 08:31:11 AM

I tend to be a perma-bear, but this most recent crash feels really artificial.

Quote from: HairyMaclairy on June 11, 2018, 12:42:00 AM

We do seem to be tracking frightfully close to the accelerated 2014 model.

There really should be no reason for 2014 to recur, since the overall situation is so immensely different, but I also can't help but see parallels. I've always thought that the upward movement after the 2015 doldrums was driven to a significant extent by the 2016 halving, though, which wouldn't apply to a time-accelerated model. And in 2013-2015 the price dropped about 83% from its ATH, which would lead to a price of about $3200 in the current situation.

It is artificial. No doubt about that. And indeed it may look similar to previous episodes, but there is no causal resemblance. My idea is that the financial world has been frightened by what happened last year and knowing their
kingdom is floating on bubbles out of thin air have decided to not let that happen again. They want to prevent people moving their savings out.

Not that I think they will succeed, but it will cause some more pain for sure.

No that standard person is too much of a pussy, there's no way the big institutions are afraid of the average person using crypto as a savings, it's proven to be too volatile. Most Americans are terrified of even touching the stock market.