Bottom might even be a bit deeper this time, because we are close to Christmas. Most speculators will consolidate their positions back to dollars and abandon the market till after Christmas and New Year.
And of course everyone who made a bit of profit is now stepping out to pay the Christmas bills.
It is all just triggered a bit earlier than expected because of the Chinese going out of the market (for now).
I'm in for the long haul, let's see how we look end of February. Bet we're back to $1000 or higher probably.
I would say, it's getting a good time to buy a bit more.
Just my thoughts.
And of course everyone who made a bit of profit is now stepping out to pay the Christmas bills.
It is all just triggered a bit earlier than expected because of the Chinese going out of the market (for now).
I'm in for the long haul, let's see how we look end of February. Bet we're back to $1000 or higher probably.
I would say, it's getting a good time to buy a bit more.
Just my thoughts.
smart.
i wonder how low you think it might go. although by the time feb. gets here, ive heard the jpmorgans are rolling out with their own version.
although i agree with your about the near holiday slumping, im worrying about the feb - june time period.
i call 1000$ in early 4th quarter. the possibility of 100$ and 200$ is out of the question. the bottom i would say is 265- 355 $ , for the holiday season. and a possible 200$ in march - april.
First they get their gains for Bitcoin, then ban it, and then "invent" ChinaCoin.
