That said, I have no idea what it will do, I suppose breaking 410-415 and/or closing below 420 for a day would be a sign towards lower prices.
Me thinks there is still a long way before halving. Lots of fud and drama in the starting blocks.
And if not BTC then probably another coin (Ethereum?).
What? How would a "smart contract" coin retain any value? Dont fool yourself, Ethereum is almost bankrupt.
"geopoliticoeconomicostrategic" whining whatnots are on a mission to try at highjacking bitcoin, yet, thanks to bitcoin's decentralization, it is unlikely they will succeed fork the shit out of our investment.
This leaves them with social media brigading and consensus breaking shitcoins.
The market says otherwise - respect it!
Ethereum is a Swiss nonprofit (note the irony ) organisation.
Even the kid on top of it admits it will eventually run out cash: http://qntra.net/2015/09/buterins-waterfall-nearly-spent/
Markets are full with clueless sheeps and malicious scammers. Do you think the financial markets are right and not rigged?
I dont mind bitcoin's willychinabot price (ecxept for my trading stash) for all it matter is my investment staying in an robust and unalienable system.
Also, I am talking here from a TA PoV and not fundamental one. I don't think markets are right or wrong but it paid well to buy ETH at 200k satoshi.
Disclaimer: I hold 0 ETH.