You were right! it was a bear trap. Now moon and beyond!
BTCD will not follow normal path.
I do think these back to back to back 50%+ days are not sustainable and some correction is expected, the question is if that drop to .0042 was the correction. With only 1.2 million coins and 100 new ones per day, and all the new tech coming out and once doubts about teleport are gone and PR kicks in and China joins the party and we get anon card, etc.
The general path has to be up, but of course not in a straight line. When BTCD has all of NXT features inside in the reskinned GUI, then what is its value? Is it worth as much as NXT? It would contain NXT and also have more features on top, but it also uses NXT. This has never happened before so any charts from past are meaningless.
Logically speaking i think the valuation should be less than NXT as it relies on NXT, but it has teleport built in and NXT will rely on BTCD for that. Then what are the InstantDEX and NXTprivacy dividends going to be worth? This is another unique factor, so people need to estimate lifetime future cashflows and discount it to present value and ADD that to the value to BTCD.
I am reasonably confident that BTCD will enter Top 10 and should be a long time resident there. Depending on how well the market accepts the new tech and when the revenue stream becomes tangible, then we go from a speculation based valuation (or comparative like in real estate) to a much needed fundamental analysis based valuation.
These are the types of discussions I prefer when talking about price, as the price will oscillate around the value. The exact parameters of the pseudo-harmonic oscillations are not so interesting to me, as that is somewhat predictable like waves,but staring at ocean waves all day gets kind of boring.
so, if we concentrate on the value of BTCD, then at any point in time the price will be above or below that, usually by not too much, but sometimes by a significant amount due to panic buying or selling
James
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