Quote from: billyjoeallen on March 09, 2014, 09:14:53 AM

Quote from: Wary on March 09, 2014, 07:41:11 AM

Quote from: aminorex on March 07, 2014, 10:46:02 PM

If the ratio of moneyflows to market price does not change, the cycles will continue unabated. Their remarkable regularity is likely to result in attempts to front-run the cycle, and hence accelerate it. That may also tend to blunt the extremes a bit, smoothing them over a diversity of participants. Persistently retaining value will be likely to incentivize greater moneyflows, however, now that the financial world has actually caught wind of crypto.

Maybe that's what is happening now. According to the pattern, there must be a rise now, so whales are buying. But they are doing it too soon, there is no real grassroot push yet, so the price slides back.

That's exactly what's happening now and anyone not front-running the cycles is just giving money away. For example, the weekend dip is an intentional attempt to incite panic and scoop up cheap coins. this weekend was moderately successful, but the probability that the price will recover above $650 in the next 24 hours is significantly higher than 50/50. I wouldn't be surprised if it reaches $670 tomorrow.

Yer not gonna see a grassroots push until after we hit ~$750 again. It doesn't matter. There's 100,000 whales on Wall Street and it only takes about one percent of them to see the advantage of getting into crypto at this stage.

I'm not psychic. I''m just that good.