I have been an BTC trader for about 2 years now. I started with 6 BTC when they were under $100 each. Then I got that up to 10 by selling hi and buying low. I have been watching the trends for some time now and I believe the market is going to drop back to the $500s pretty soon. I was reading this website that explained that BTC is going up because new investors are trying to make a quick buck with their holiday money. Once the price keeps dropping, most new investors are going to dump their BTC. Then in about April or May, the price of BTC will go back up and will peak at around $1100 or so.
I got all my info for this from this site: http://btctradingsignals.netau.net/
It's a pretty interesting read. My friend showed me it about six months back and everything they have posted has been generally true. Let me know what you guys think about my theory.
I got all my info for this from this site: http://btctradingsignals.netau.net/
It's a pretty interesting read. My friend showed me it about six months back and everything they have posted has been generally true. Let me know what you guys think about my theory.
Everything they posted has been generally true? I glanced over the 1st 6 posts and saw a lot that didn't become true. Are there calls they made that you find particularly impressive?
For instance their prediction post on January 5th 2013 says:
I include as usual in this first post of the year a forecast for the 2013, considering actual volatility it will be very hard for BTC/USD to go above 18.7$ before the end of 2013; at the same time bitcoin shouldn’t go under 9.6$ (that correspond also to the recent double bottom).
