Quote from: oda.krell on August 12, 2014, 04:49:05 PM

Quote from: masterluc on August 12, 2014, 08:26:17 AM

Bitcoin is on one step from long dramatic selloff imho.

Global stocks are about to crash. This monopoly game is almost over and all money and property will be returned back to the box.

Doom and gloom, baby. Doom and gloom.

The problem with predictions like that is they're almost impossible to falsify... "dramatic selloff" implies a real crash. A new capitulation low. Say, going back to $300, maybe even lower.

Or maybe not. Let's say price is going down another leg, hitting $500, maybe even high $400s. The prediction will "sound" right as well afterwards, or at least some will claim it does (while I would hardly call it "dramatic").

Same for the stock markets. "About to crash", or "entering a longer bear market"? The two are not the same, but a vague enough statement can afterwards be claimed to have "predicted" it.

don't forget who predicted a multi-year bear market after the december top -- our very own lucif. whether that is still on the cards is up for debate, but 8 months later, still going strong.

whether we hit 300 or 450, that would be a dramatic selloff indeed.