Quote from: falllling on August 13, 2014, 11:32:46 AM

Quote from: JimNastics on August 13, 2014, 11:27:13 AM

Quote from: pinksheep on August 13, 2014, 11:25:25 AM

so is this a short term trend or are we never going to see $10K etc?

Good chance we'll see $10k one day, but it could be a long way away. A final capitulation in this bear market looks to be just around the corner now, BTC looks so weak.

let me get straight to the point, no you will never see $10k coin,
yes the final capitulation is coming and bitcoin is going to drop even harder and hit $0 at the last

We've seen "final" capitulations several times now, and interestingly, they've been good news for bulls so far. That's because they aren't the final capitulation of the currency, they are the final capitulation of the bear market. It's almost like the market has to "reset" so that potential buyers feel like they are getting a good deal... I think that's because during the decline, even bulls tend to hold off because they want to buy in at the expected low. Once we hit that low and get a solid rebound, we can resume growth. That doesn't mean we will see another bubble, although I think we may, but it does mean that we should see the price trending upwards again. I would guess within a week or two.