numbers...
1 - cool
2 - not sure why you are not defining the downtrend as being from the ATH and all subsequent lower highs. If we do so then it is already broken. But you are quite right the price may not be going up any time soon..
3 - we can agree to disagree on this one
4 - Certainly not upset! I dont trade with leverage. When there are players stuffing 120,000,000 dollars into stealth startups, the majority of which work/own major silicon valley firms then I would suggest you are wrong
. I think the price is heavily engineered or manipulated. But expecting the price to drop below 160 dollars from a high of 1200 seems a bit silly now.
2 - I have no idea either. My trading is based on other people's charts and my limited experience on exchanges since April 2013
... but when talking to experienced traders and after reading Kahneman's "Thinking, Fast and Slow" it's clear that I'm probably just as better or worse off in my approach than most other traders anyways...
3 - Yes and no
of course it could pop up, but I don't think the current news will necessarily affect price that way, and we are missing a sudden china involvement and a gox bot to give us the crazy momentum.
4 - it's so easy to read everything everyone says on here in the wrong voice in your (my) head
I just don't see major investment into these unregulated exchanges happening right now just because there is all this "good news" and positive spin from WSJ etc. As bitcoiners we are acutely aware of every item of media attention, but I don't see the effects of the recent cascade of positive developments affecting price in the way that people imagine it might, just yet. It's still early days in terms of big investment and greater adoption. I imagine you'll still only get the odd risk taker actually putting a small portion of their capital onto coinbase (still not liquid enough) or some other random slovenian or hongkong/taiwan/anon exchange...
Poll
