Quote from: medialab101 on August 20, 2014, 06:36:36 AM

Quote from: Probability on August 20, 2014, 06:29:11 AM

Quote from: billyjoeallen on August 20, 2014, 05:56:33 AM

I had to take three months off when the train left without me, but I'm back, Baby. I still have the cash from when i foolishly dumped and now I'm ready to get back in the game asoon and this next crash makes it cheap enough. This many shorts get squeezed when it's over and it'll go to up like a rocket, but it's likely to get worse before it gets better.

Are you saying that because of this crash the next 'bubble' is going to be epic?

He's saying that if people feel that things couldn't be worse (capitulation) and enough people betting against BTC (shorting) suddenly find themselves getting burned when the price suddenly spikes up, these are the perfect conditions for the next big rally. Historically the previous rallies have all begun like this.

Yeah, that makes sense to me. Does this make sense as well: there's a long squeeze going on and it might help a future rally (in addition to the short squeeze) because it leaves a lot of deep pocketed btc-believers on the sidelines, some with significant losses? (recent margin calls on btc-e could be an example of this?)

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