sarc
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July 08, 2013, 04:17:40 PM
Last edit: July 08, 2013, 10:23:21 PM by sarc

Just a random observation from blockchained :



I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.

Thoughts ?


I've been waiting for someone to say that...



edit: or more helpfully - from the blockchained website that produced the long term trendline:

'The fit curve is an exponential percentual to the chart least squares fit - in other words: I played around until it looked good. '

Though, that's not to say it isn't interesting that it did bounce off the line - the power of belief and all that. Unfortunately, it'll only be a short reprieve...