Quote from: smoothie on October 22, 2014, 08:33:06 AM

Quote from: Nagle on September 09, 2011, 05:19:18 PM

Bitcoin/USD, last 3 months. Any questions?

Bitcoin is over. If you're not out, get out. The last ones to leave will be the worst off.

I've been saying for months that this was a speculative bubble, a pyramid scheme. I said that when bubbles pop, they pop all the way. There were replies like "troll" and "hater". "The bitcoin's value will inevitably increase." (Bazil). "Regular use of Bitcoins will pick up pace, it's inevitable." (Goodlord666). There are still people writing comments like that.

I was right. You were wrong. Now suffer.

Lol how wrong you were long term.

He was right on the short term. From 4.2$ on the 9th September to 2$ in October.
I fixed the chart, so people better understand what he was talking about.
The lesson to learn is that even with Bitcoins' killer app (Silk Road), the bubble still had to deflate a lot.

PS. In the bearish scenario, 9th September 2011 is IMO similar to the 6th October 2014. The rebounds were even stronger back then.