Quote from: TERA on February 11, 2014, 10:24:25 AM

The logarithmic chart is way overbought. We could use a healthy retracement, like this:

dare to lean out of the window and state that 50%+ of BTC owners are long-term holders who won't ever panic because they made BTC their life's project. So the price would never consistently go down more than 50% from the previous top (unless for illiquid blips where everyone jumps in to buy)... well, we had the "healthy retracement" during yesterday's 121 crash print I guess Wink

that's it people, now range-bound for a few months 2-3K towards year end.

and why do people call something a bubble at 11bn market cap? thats not the magnitude some globally famous bubble would have. 50x this would be bubbly, but then it would correspond to the new standard.... so, in summary, BTC is very dangerous in terms of shorting... could fall max 700 USD, but good chance of rise to 7000 USD in 1-2 years, exponential network effects - that's a very assymetric outcome. your choice how to position Wink