looking like a superb call. price is looking to hug the lower rising trend line. will be interesting to see what occurs after the first few months of 2015.
ChartArt
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--- Update - two months later - November 1st, 2014 ---
Slowly stabilizing, with the risk of more down movement:
ChartArt
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--- Update 1 month later - October 1st, 2014 ---
Down we go. Later than in my forecast (pink price bars), but still...
MarvinMartian
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Where's the bottom? My wallet is getting sea-sickness from this roller coaster =)
ChartArt
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Let's hope that we find a bottom soon around $360
ItisCalvin
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At this point I am going to say that we are now in a mid term bera trend. The trend has been defined and would need to be broken. There is a big possibility that we flash crash.
Well, I'll see what I can do, but got some work to do first.
MarvinMartian
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If you mean flash crash, as in HFT flash crash, where are you expecting the triggers to be? Do you think there are large amount of bots going to trigger, or a few bots with a lot of volume?
I'm concerned about 200%ers. Those that are in at around 200/BTC or less, wanting to keep at least 2x, so selling off a LOT of volume.
Then, and I love to point this out... en.wikipedia.org/wiki/Pilot-induced_oscillation that killed a lot of pilots in the early days transition away from stick/wire/rudder to stick/control surface, mediated by some logic circuit. We will have wetware (people) starting the panic phase upon the backs of the software (bots) triggering out of the market.
I only have play coins left. Anyone doing investing should be out now too... ready for a consolidation at new support.
What should I mine and hold while it's gathering itself? Can't keep these idle.
ChartArt
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You can invest your play coins in Ethereum and wait until Q4 2014 to Q1 2014 when Ethereum is released.
ChartArt
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... I mean Q1 2015
MarvinMartian
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I'm curious to see how that plays out, but I think they will have lost a lot of market interest/inertia by then. And even though a coin might be able to shake off the shackles of being tied to BTC, the two things against that, entry/exit points for the altcoin and overall consumer sentiment of crypto in the face of what may be a mass exodus of "capital" here shortly.