Bitcoin "down" to $100. They were $10 in January. They'll be over $50 at the end of this month. When I was mining 18 months ago, they were about a quarter.
Smooth the line and bitcoins are doing exactly what you'd expect from a linear-demand-growth emerging commodity market with a fixed rate of supply. Everything is going exactly according to plan.
Note well that the exact same thing (a big speculative run-up and follow-up correction) happened a couple years ago for the $0.50 to $29 spike, and will probably happen again for the inevitable $300 to $1500 run-up.
Smooth the line and bitcoins are doing exactly what you'd expect from a linear-demand-growth emerging commodity market with a fixed rate of supply. Everything is going exactly according to plan.
Note well that the exact same thing (a big speculative run-up and follow-up correction) happened a couple years ago for the $0.50 to $29 spike, and will probably happen again for the inevitable $300 to $1500 run-up.