Now that China is banning bitcoin, don't expect the crash to stop. The best thing to do right now is to get out when you still can. This time around there will be no dead cat bounce, bitcoin crashed right in the centre of media attention and any faith gullible idiots still have in it will be destroyed.
It's over. Bitcoin is finished. Good riddance to this little Ponzi scheme.
I have to agree with him. At least he sees where this is all heading. The current situation for bitcoins is very very bad, and the drop will be a lot lower than most people expect.
I also agree there will be no dead cat bounce here, there simply is no enthusiasm anymore for bitcoins, at least not for prices this high.
Buying into bitcoins now will only distribute your wealth into the hands of other bit coin holders as the price continusly drops. You will be cashing out people who most likely paid less than 100 dollars.
Anyone still in the game at these high price points is totally insane to not crash out. As I write this Mt. Gox is making new lows.