Interestin chart rojan. I've been holding back on buying new BTC. Not convinced by all the recent "buy now we're gonna mewn" hype.
No doubt all the money that's been pumped into the Bitcoin ecosystem (talking investments in companies, not BTC itself) the past 18 months will eventually pay off. Much innovation and quality services still need to be developed. As it stands Bitcoin is just too consumer unfriendly, we need wallet innovation, easier use and better security.
I think there will be at least one more buying opportunity close to the peak of the first 2013 bubble (~260$). I don't think it will go down further than that. I am waiting for those prices to buy more BTC and then convert it to more UNO.
the chart is S C A R Y
if there wasn't this Nov run UP (smells like a pump looks like a pump) I'd say BTC slowly finds a solid bottom in the $330-$280 ranges and then makes a good long run until 2016 at $311ish ... that might have been achievable.
But now if it hits under $350 it will free fall hard and fast you may see major panic sell off (all those freshly minted BTC fans who don't get the fact this turkey produces #3600/coins a day) ... the media will dog pile btc down to $150 ... or below $100 if the #FUD is 'organized' by big media and BTC whales use it as the great shakeout.
That pops the bubble of LTC and many others. The perfect storm. This ship will sail thru ... but HODL onto your hats