Now a Step Down
30. December 2017 11:13 GMT – After all the non-excitement there was a little more early this morning (GMT) as four large parcels were sold. This dropped the price by about $1’500 on average from $14.5k to $13k. I don’t know if there are any buyers out there at this point who are waiting for lower prices, but I expect we will see more of this before the end of the year. A price around $10’500 on New Years Eve would not surprise me. But at the same time, I would not be surprised by a strong rally starting New Years Day and continuing more-or-less for 2-3 weeks.
… And a Little Bit Down and a Little Bit Up
31. December 2017 00:17 GMT – there has been some more movement since midday but indecisive. The eyeball average is about $12’300 to $12’400. Typically what happens is that any big move comes right after I write a post, so let’s see what happens tonight?
How to avoid all this excitement (and risk)? My recommendation is to buy into CryptoGold. With mining in place and not subject to variations in fixed costs, this will put you in the easy chair (or maybe the beach lounger?), watching your benefits grow.