Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
MadBanker
on 02/11/2015, 23:23:53 UTC
Price prediction is a dangerous game - it has a habit of making you look like a fool. But here goes, for your entertainment and pleasure.

My guess is that this train will keep going until we get well past the ATH, then it will fall back like a lead balloon, to somewhere above where we are now.

I wouldn't try to sell at the peak, because you can't spot the peak until we are well on the way down.
So my advice is to hold on the up. Hold on the down. Wait a few months or a year or 2 for the next round which will be bigger than this one.

What is driving the price? I think it is just the close timing of the China capital controls, the EU VAT ruling, and making the front page of the Economist.

CC
MB