Quote from: Samarkand on August 21, 2018, 11:15:40 AM

Quote from: Febo on August 16, 2018, 03:37:43 PM

...
I also believe the worst it is over. Bitcoin cant lose much of value anymore.
...

After previous Bitcoin bubbles the BTC price always retraced roughly
90 % from the all-time high. If we assume that the price will develop
in the same way this time, we will see BTC go down to ~1950 $ / BTC.

After April 2013, we only dropped 81% from the high. Tongue

We also used to talk about 2012 as a bubble back in the old days. We dropped 50% from the highs when it crashed.

Anyway, it really depends if this is a shorter term consolidation like mid 2012 or mid 2013, or a longer term bear market like 2014. The reality is that none of the bubbles will ever look quite the same as one another. We should be prepared for something different.

Quote from: Samarkand on August 21, 2018, 11:15:40 AM

I suspect
a bear market of at least 1-2 more years until the next BTC block reward halving.

A multi-year bear market is definitely possible.