Necroquote from a recent post:
The rise of 2013 was much higher than the rise of 2012. Some people keep speaking of the obvious "line" on the log chart. However I am having trouble finding this line and in fact I can draw several lines which would allow btc to go much lower than it is now before going up again.
That is why you use a regression line. It is not subjective. It is well-defined. It has a rational basis. It has
some stochastic predictive value. There are valid conclusions which can be drawn from it regarding the past, with certainty.
My new view of the market...I wouldn't be suprised to see flat for an entire year.
It is, in my opinion, absurd to think that there will not be an order of magnitude shift after ETPs list, barring some extreme, but low probability, hazard.