It will burst ... and then it will bubble again ... and burst again. But unlike stock market it will be much faster ...
There two good news for me - I was able to buy bioshock infinite and tomb raider for 20 euro both from people that bought miners 7970, and I am looking for a quad crossfire when they decide to unload the cards and cut losses.
Yeah, but yesterday the same was true when it got to $100 or so. After a crash, there are always enough hopeful people to support a price for a little while, before it starts sliding down slowly again, until it reaches its next plateau.
I would expect this to get back down under $50 again (and I think even down to $30-$40) before it makes any kind of real recovery.
But of course, I'm guessing as much as anyone. I just wish I hadn't been busy at a trade show this week, or I would have sold when they were in the $150-$200 range.
Right now there are no trading fees on Mt.Gox until tomorrow. This probably gave (a) the guys with automated trading bots a field day to tweak their algorithms and (b) Mt.Gox a chance to take advantage of this to see if they can handle the increased load in trading.
My guess is that there's going to be a last minute scramble to buy before the trading fees get reintroduced probably pushing the price up a bit. When trading fees go in there might be slightly less liquidity, compared to yesterday and today.
Entirely speculative on my part, but plausible anyway.
