I think we will stay between 70-80k for another couple of hours and then get to a higher floor.
I agree. At some point over the next 6 hours or so someone will just buy up the order book once again - seems to be a common trend around this time. The buy walls will move up, the supply will dry out again and we will consolidate above 90,000. Every hour that goes by without the price being able to be pushed down below 70,000 is pushing it closer and closer to a break out. Sideways movement in a positive market where the consensus among the investors and traders is that the price can and will go up, will always result in a break out.
Remember - Network weight is now 2.5x higher than 24 hours ago. We are now around 243,000 - that is crazy! Things have leveled out and the price will shoot up accordingly. Same thing happened with the 30 block reward and network weight around 50,000 - it quickly started to rise to 100,000 and the price shot up. Expect the same thing to happen again. The beauty of POS is its fair - you will get a profit in proportion with the investment you have put up. I'm earning alot but I had to risk over 15 Bitcoin to get here. Others may complain they never find a block but they have only fronted up with .15 bitcoin, or something equally insignificant in the scheme of things.
For this coin to be a profitable staker for you personally - you simply must invest more than $20 or $30. If that doesn't suit you, then don't stake. If you like free money - put in 3 or 4,000 dollars and watch how it grows day on day.
