BTC Consistent Gain
If you look at the numbers alone, it seems like BTC is jumping around with some gains and some losses. But if you look at a six-month chart, like the one at the top of this website, the gain seems to be consistent over the past six weeks. If you look at it longer term, it looks like it is pretty consistent since the mid-July low point or since the start of August (when the first hard fork scare was finished).
The rates are
- The last six weeks: roughly 1-3/4 percent per week
- Since August: about 1-1/3 percent per week
I suspect that if you put the numbers into a logarithmic scale, the growth is even more consistent, but I don’t want to get that technical.
Good News and Bad News
For long-term investors, that is good news! We can expect to receive about 1-1/3 percent per week, or about 70% growth per year, compounded annually or even more often. But the interesting part is for the commercial investors who are trying to play the market. There are ups and downs, and that gives them lots of opportunities to make money with puts and calls and all that stuff.
The only nasty part for us common folk is, that we don’t know which of these commercial investors are honest, and which will take the gains AND take your money as well!
I wish I could propose a trader who is trustworthy, but I really don’t know of any of them that I would trust. Maybe the secret is to learn yourself how to do the trading, and build up enough money (= BTC inventory in this case) that you can afford to make mistakes and not be broken by them. Note 1: It is really dangerous to trade on margin – youcan lose much more than you invest. Note 2: Altough I am not a trader, I have experience dealing with commodity traders (cotton, cotton waste, tobacco, corn (maize in Europe), wheat (corn in Europe) and pork bellies), oil traders (crude oil, LPG, natural gas, refined products, heavy fuel oil), and stock traders (big ones and little ones on stocks and bonds and other similar items). The BTC market has one BIG advantage – you “know” that the market will always end up on the positive side, and that makes your mistakes more forgiving in the long run.
I guess what I’m saying is that it is time for us common folk to learn about how to predict movements in the BTC-USD exchange rate (or EUR if you prefer), and go make trading gains for our own accounts. Good luck!
P.S. I am going to look for a course or two that seem promising, and try it out myself. I will let you know if I have any significant success. Please let me know if you know of any good courses. PM or write a comment below.
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