NUFCrichard
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March 09, 2015, 10:57:53 AM

This market is splashed around too much by whales with their own motives to take too much stock in TA. Thankfully we have a professor with academic interest only to run regressions against the aftermath.

Now now, dont be so pessimistic about the market. It has been recovering already.

Pessimism is in the eye of the beholder. I thought my statement was rather neutral.


Generally, I am also of the opinion that the last few months have been a very slow recovery... and seemingly inching our way up.  Maybe it is going to take a few weeks to go above $300 and then thereafter, maybe it will take a few months to go above $400.... but generally seems like the trend is on its way to turning upward.. even if BTC prices may be somewhat flat for a while, such as one or two months or even longer.
I agree with that, I don't really feel any obligation to sell at the moment, I think all of the news has been good for quite some time now, the global economy isn't looking great and with currencies racing to the bottom (other than the USD), having money in Bitcoin seems pretty prudent at the moment, and I think more and more will agree with me, raising the price Smiley