It's nice that you all want to call the bottom, but did any of you genius technical analysts call the TOP??
I got pretty close to it.
Everytime BTC gets to an all time high that is much greater than previous it goes back down within the same day or two days.
Soon as it neared 5K that is when most people have no more fiat to buy in, so naturally the demand goes down while supply stays the same = price decrease.
I also was factoring in that BTC-E dump coming from everyone getting their coins back and dumping them and using the fiat to buy things, so that contributes to it a lot.
Random CHina news just made it go down even more.
Iwas reading my text messages from last week to my buddy telling him to sell 50% now because the signs are showing again that the price is going to go down. I did the same.
Sitting in UDST on exchanges, buying a little bit back in now, and will buy more in once Sept 15th + a few days go by(Sept 15th supposed date of when exchange is open again for everything and tokens given out).
Pricce should continue to go down for a few days or a week after Sept 15th. ETHbig update supposedly by end of month, barring any more bad news, ETH should double or triple within the next 4 to 6 weeks.
Of course, nobody should listen to me, and everyone shoould know there is always random factors at play. The best anyone can do is read lots and lots of news, analyze sell volume data in spread sheets, look at charts, blah.