My new view of the market:
I wouldn't be suprised to see flat for an entire year.
I wouldn't be surprised to see that you're fucking wrong for the 10th time.
Remember your case-in-point during October?
Anyone who thinks bitcoin is staying 500 for a year is delusional. You're not fooling anyone.
Yes I could be wrong. My type of assertion is 'I wouldn't be suprised' and you don't see me placing any bets do you. And why do you think I'm trying to 'fool' someone? What motive could I possibly have for claiming the market will be flat?
You drew a flat line back in October 2013, and you drew a flat line now, have you ever asked yourself that in order for your prediction to be so dead wrong back then, that there must be some personal bias, or fundamentals that you've yet to grasp?
Here's a question: what makes you think prices will flatline around 500, with the huge out turn of adoption news capped off by a possible exchange or two opening in the US?
I'm thinking of a slow transfer of wealth between China and government/hacker/gox coins to the new adopters in the west. There are a ton of huge blocks of coins floating around in the market that have been unaccounted for and alot of it probably needs to be sold. However, it is apparent now that they are in no rush to 'dump' and cause a price drop. So it'll be a slow grind as all the coins are bought out at current rates.
^That's my funadmental-based in speculations. In charting terms, I see a lot of negative indicators on the weekly chart. We are about to go below the weekly ichimoku cloud even. However, the fundamentals of bitcoin are bullish. So the bullish investors counteracting against the bearish chart = flat.
In 2013 I didn't know what I was doing. There weren't even any negative indicators on the chart then. It was completely bullish, and I was just drawing random lines.