If this consolidation continues for another week until Jan. 6th, bears are going to be treading on REALLY thin ice, imo.
Depends on the timeframe. Personally I expect the final capitulation in Feb +/- 1 month, so one week does not matter much. Perhaps there should be a different thread for people who trade on daily, weekly and monthly timeframe. Or less slander. If March passes without hitting $400, then the chances of seeing it again are slim.
Well my premise is this one. A lot of new fiat will be hitting the exchanges in January. People want to get in NOW given what happened between Jan to Dec of 2013. Especially if the slow trend up continues.
My timeframe is longer. Bitcoin has been around for 5 years, and it has always been a terrific enlightenment for those who have been ripe for it. The knowledge about bitcoin has grown exponentially and investment into it has grown exponentially. I expect this to continue and every year be on average 12 times more glorious (as it has been), until everybody uses bitcoin (which will happen in 2016-17 at this rate).
Everything that has happened since 2009 is captured by the trend and its variations, and will be.
There has been some regularities in the growth that I have researched, some of it is published, some not. I believe knowing them gives an edge in trading, and so far it has proven to be good. I have several million dollars of my own money that I could use to purchase bitcoins but choose not to. Not at this price. I am taking a large, calculated risk, with entry points set according to mathematical model for the rest of the year. I even gave the average sell price a few posts ago. Now there is no need to comment that I am doing bad every time the price rises $10. You could as well post about how
good I am doing for the reason that I always have more bitcoins than fiat anyway
So, after smoking the
best the world has to offer, I again feel that taking a break from this thread is in order.
See you at $500. And don't fall in the bull trap
you have really to brag about your millions and what you are smoking hahahaahah, man what an ego, maybe you understand some market(silver market?) but you dont understand the network effect and the technology that bitcoin offers, most of your calls were wrong, the calls where were you right was just a lucky call, like most of traders here, you need more luck than anything else.
Bitcoin is the most unpredictable asset, there is no company that you can analyze, there is only early geek adopters and really early techno savy entrepreneurs that crash the market when they decide to cahs some profit, BTW your only advantage "for these many millions" is the time when you knew about Bitcoin. many of us here invested more Fiat than you maybe saw in your life so stop braging about your "millions".... new money this is what is it called
