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September 25, 2017, 12:14:57 PM

If the market swings to $7000 and then down to $130-$500 then ........ it would be a laughing stock.

What would you suppose would then spur the move from $130-$500 to  $27,000 after that? just pure gambling?

Personally I think such a move would most likely be the death of BTC if not put it into a coma for a considerable amount of time.... from which it would awake potentially irrelevant

I cannot see it - the motivation to sell at those levels would be low- considering the support levels put  in over the years.

In the recent  30% +/- dip the market held above $2800 and there has been considerable volume- I cannot see the market capitulating to that extent ($130-$500) from $7000 barring a near catastrophic event of some type which acts as a catalyst- a event severe enough that causes holders to drop their bags en masse -  an event that causes both the dumping of many coins onto exchanges (I'm talking people/companies moving coins out of cold storage onto exchanges to dump) but also an event that kills demand. The markets are not as thin or illiquid as they once were - though still comparatively so, but it would take a true mass volume dump of of coins to drag the price down 98% to take us from $7000 down to $130 or even 90% ish for $350 -$500 and then an extraordinary event to  ramp the price to $27,000 - like the cryptospace/world would have to be burning in someway for these events to play out (cannot rule it out I guess) Markets can be irrational for sure.. but wow... $200 dollars... I just cannot see it... I would be surprised I do not mind admitting.