Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
jmw74
on 30/12/2014, 13:21:18 UTC

Move down your 300. I think that now we are in panic phase, when we will arrive in Despondency phase price will be 250$. I don't think that price will have a very big drop.
I don't know, the above graph is plausible if you compare 2014's decline with 2012's.

The current decline is already longer than 2012's but not as deep. Everyone keeps pointing to growth and good news, but guess what, that was happening in 2012 too! There's nothing stopping the price from continuing to decline, in spite of good news. Sure there's firm ground down there somewhere, but no one knows where.