Quote from: Fuish on October 01, 2014, 07:57:57 AM

Quote from: Bogleg on October 01, 2014, 07:53:49 AM

Quote from: Kontridder on September 30, 2014, 12:52:03 AM

This is gonna get ugly upwards.

More likely get ugly downward faster.

Don't forget many traders are using leverage to buy and hold onto the price. As soon as the dam breaks, hell will break lose.

I absolutely agree. The market will now have a 30-40 day build-up/lag, and what may have been a slow decline will quickly be a deluge. I am sure BTC will recover, the only question is in how long.

With the inflation of the coins being produced, it's going to be awhile to shake out, but in 2 to 3 years, you're gonna be glad you've got all that BTC in that paper wallet!
It's just that most people don't think past this week in their planning