Ninjastic
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Re: [ 18 july data ] A BITCOIN PRICE THEORY
by
gbooz
on 26/07/2014, 16:06:07 UTC
Quote from: InwardContour on July 26, 2014, 08:44:06 AM
Quote from: lyth0s on July 26, 2014, 04:49:40 AM
According to 41515948 total address on 7/18/14 the price should have been $2088 http://www.wolframalpha.com/input/?i=P+%3D+%28+41515948+^+2.26%29+%2F+%28e+^+32+%29+  soon I hope Tongue

I was really expecting more of a rally this month up to 2-3K area

The current price is unexpectedly low considering the bottom average of the charts.
This morning the value dropped again and probably the buy wall at 590$ will be eaten.
If this trend continues the price theory should be modified a little.
Solar activity is unexpectedly low these days. And science can't explain it as it is maximum of the solar activity. Take it into account in the revised BTC price "theory". In other words - useless efforts to predict the price of the highly speculative asset. Alchemy.