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They are part of the getting in late group and the lower valuations are most probably signs they are leaving the market. I remember when the price started to i
by wolco 8y ago
They are part of the getting in late group and the lower valuations are most probably signs they are leaving the market.
I remember when the price started to increase I didn't think 4,000 would hold. 2500 seemed like the correct price. The fact that it hasn't fallen below that amount means there are more investors.
Personally I was using it to purchase goods before the runup and the slowness and increased fees made me move to another form of payment. I'm considering going back now that the price[is dropping
- DenisM 8y ago> I didn't think 4,000 would hold. 2500 seemed like the correct price How did you arrive at the 2500 figure? Is there some sort of fundamental analysis that could be done, or was it all technical?
- tim333 8y agoNot sure how he got 2500 but there's a long term log graph here and if history repeats you might expect the low to be about 2500 to 1500 and occur about 6 months to a year from now https://cryptoslate.com/wp-content/uploads/2018/10/chart.png https://cryptoslate.com/wp-content/uploads/2018/10/chart.png
- deleted 8y ago[deleted]