#bitcoin looks like it may be starting another rally. if you recall the last one, it started in october 2013 at around $100. i predicted it would hit $600 in late november, and then fall to $350. it peaked at ~$1200 in early december, and declined sharply from there - to about $600 in late december. my timing on that crash was right on, but i underestimated both the peak and the minimum by a factor of 2. the price then climbed back up to ~ 900, and then gradually declined over the coming months - hitting a bottom of $400 in early april. so depending on your analysis, i was either spot-on with the timing and underestimated the peak and trough values by a factor of 2 - or else i was off by a factor of 4 in the timing, too low on the peak value, but nearly perfect on the trough value. im going to watch this one for another few weeks before deciding if ill make a prediction. stay tuned. if youre going to buy them, be very careful to make sure you understand what youre doing. if youre not careful you can lose these things. talk to me if you have questions. my referral link will get you $5 free when you buy $100 worth.
Posted on: Sun, 01 Jun 2014 17:48:55 +0000
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