Bitcoin Fortune Builder Newsletter – 2017.08.25

Hi folks

Well, my publication schedule timing got off to a bad start – it’s already Friday midday (Swiss time). But there was a reason.

Bitcoin Fortune Builder Plans

bitcoin-fortune-builder-icon-houseown-btc-symbol-100x100I spent most of my time the past two days publishing the Bitcoin Fortune Builder plans in our sister publication, www.ilianas.casa. A good description of the plans available to consumers is contained there. If you are interested, please take a look. I will most likely publish the plans here in www.bitcoinfortunebuilder.com in the coming week, unless we find something major that needs to be changed or elaborated upon. The objectives of the two plans available are to give a better return than a standard practice of pumping in X dollars every month and watching it grow. That’s not bad, but our plans are better. One of the plans is a passive do-it-yourself program (takes about 5 minutes per day) and the other is a super-passive done-for-you program that only takes about 5 minutes per month. Take a read at www.ilianas.casa and you can sign up from there (actually from here) if you are interested.

One note about the plans as they stand now: these are Beta versions of the two plans, and that in essence means that we are doing the operations on our end by hand. For that reason, we have limited the program to a total of 20 accounts until we get out of the Beta phase. In short, that means get in quick if you want to get in now. The acceptance will be first-come first-served.

Bitcoin Performance

As far as the BTC-USD market is concerned, it went through a profit-taking slowdown through about mid-week, but now has started to increase again. The rate is back up to about $4370 at noon GMT today (Friday, 25 August). That’s an increase of about 1.4% over yesterday (see the graph at the top of the website for more information).

Come back next Wednesday, I hope to be back on schedule by then.

Craig

Bitcoin Fortune Builder Newsletter – 2017.08.16

Hi there folks,

I guess you also have been watching the market to see what happens to the Bitcoin-USD rate. Let’s just review what has happened the past two days so that we are all on the same basis:

  1. After the record peak early on the 15th (time is Zulu or UTC or Greenwich Mean Time) at 4400 plus a little bit, the profit takers started again, but not strongly.
  2. The price wandered around between 4000 and 4150 for most of the time after the sell-off bottomed out just below 3900 about an hour after noon.
  3. At about 3pm today (the 16th) it shot up to about 4250-4350 where it has remained up to this writing (9pm or 21:00 if you prefer) with very small movements up and down. Is a new record in the offing?

The question, as always, is “what’s going to happen now?” I wish I could tell you, but anything I say would be a guess, and maybe not even an educated guess.

bitcoin-fortune-builder-icon-houseown-btc-symbol-100x100What I can tell you, and this is nothing new if you have been reading up on Bitcoin, is that I think the chances are good that the exchange rate (or purchase price if you prefer) will continue to rise in a reasonable but irrational fashion for the coming 2-5 years AT LEAST.

My advice is to put as much money into Bitcoin as you can afford, without having to call that money back out in case of some emergency. The reason for the caution is that it is always possible that something like the Hard Fork just now or the legal problems back in the 2014-2015 span can occur. If you absolutely have to convert your BTC back to hard currency, Murphy says it will be at the worst possible time. [ You know my friend Murphy don’t you? He is the guy who made the law (Murphy’s law) that says “If anything can go wrong, it will.” And don’t forget the corollary: “If something can’t go wrong, it will anyway.” My interpretations – a good reference for Murphy is http://murphyslaws.net/ – if the link works! ]

One of the things I want to caution you about is the following. I strongly believe you cannot apply typical technical indicators to Bitcoin, because the workings are not in a free market where the production volume is not constrained, etc., because that is NOT true. Furthermore, the only way you can find an acceptable technical prediction model is with experience, and there is too little experience available in Bitcoin to validate any prediction model.

On that happy note, I will leave you for today. Assuming no upsets, I will try to publish this Newsletter on a weekly basis, generally on late Wednesday evening, European time. Set your calendar, maybe you will get some interesting news here first?

Bitcoin Fortune Builder Newsletter – 2017.08.14

Hello folks and Hello $4000!

bitcoin-fortune-builder-icon-houseown-btc-symbol-100x100The intro says it all – Bitcoin reached and broke through the $4000-mark this weekend, and is still hanging in there. The run-up appears to have taken a little breather this morning (Monday 13 August, Central European Summer Time), and this appears to be becoming a habit in the BTC-USD market. Make a big run-up, then catch your breath. The peak Sunday was about 4190-4200 according to the three top USD-BTC traders (GDAX, BitStamp, and Kraken USD), and as of this writing dropped to about $4060, but is moving back toward 4200.

Will it take off again? If I knew the answer to that, I would be trading, not writing! However, I have the impression that there is at least one more surge in the works before someone starts taking serious profits out of the market. That is short term. Medium term, I anticipate further run-ups if this nature, rather than a smooth glide upwards. In any case, I do anticipate further increases over the medium term, and for that reason, my indication is to continue to buy if you are able.

Here’s my chart that goes about 13 months back, to July 2016. If you look at the chart, that is a remarkable run – about 620% in 13-1/2 months, especially when you consider that there was essentially a 3 month pause during the hard fork incident. My prices (the ones used in this and other charts) are not spot prices, they are the consistent fixing prices published by Oanda on a daily basis https://www.oanda.com/currency/converter/. That way, if I sleep late one day and wake up early on another, it doesn’t change what is reported here.

bitcoin-fortune-builder-currency-chart-2017-08-14