Quote from: BitHodler on August 08, 2018, 10:32:23 PM

Quote from: figmentofmyass on August 08, 2018, 09:36:33 PM

really? it wouldn't be outside the realm of normal. that's roughly the equivalent of the 2011 bubble pop. that would probably be the worst case scenario, but i wouldn't rule it out!

Just because something can happen doesn't mean it will happen. If that's your way of looking at things, we shouldn't discard the possibility of falling back below $100 either, or even below $10.

all i said is "i wouldn't rule it out" because you called people delusional for thinking we could see a 94% drop from the top. we literally only have a handful of bubbles to study, and one of them dropped 94% from the top!

you make it sound like dropping another > 10x or > 100x from there is just as likely. why? Roll Eyes

Quote from: BitHodler on August 08, 2018, 10:32:23 PM

Back in 2013 we were initially hovering around $15 and within the same year we touched $1100. The long term correction took the price back down to around $150 in 2015. It didn't fall back to its starting point and it won't this time.

when it comes to markets, most people are wrong most of the time in their trades and predictions. i don't think we're going back to $1000, but i need to remain open to all realistic scenarios and trade accordingly. i became much more successful as a trader when i stopped having the attitude that "x won't happen" or "y can't happen." that mentality will get you killed in the markets because it prevents you from acting until the "unthinkable" has already occurred.