You've seen these curves before. But did you know by back testing these curves, there is a pattern, that if followed now, will let you buy at the right times and will also let you know when to sell at significant gains?
How do you use this data to buy, hold, and then sell Bitcoin profitably? The average bitcoin log growth curve number from Aug 2010 to Feb 2020 is 3.2 for those 115 months. If you buy when the number is 3.2 or below, then hold when it is 4-7, then sell when it is 7.5-10, then you will make big profits.
How big? Nov 2010 to Mar 2011 you buy at a DCA of $0.53. May to June 2011 you sell at a DCA of $12.42, a 23.2 fold gain. Oct 2011 to Feb 2013 you buy at a DCA of $9.75. Nov 2013 to Jan 2014 you sell at a DCA of $900, a 92.3 fold gain. Dec 2014 to Apr 2017 you buy at a DCA of $530. Nov to Dec 2017 you sell at a DCA of about $12000, a 22.5 fold gain.
What should you be doing now if you are interested in Bitcoin? Answer: Buying since this month just closed at a curve number of 0.9. In fact, you should have started buying in Nov 2018 when the curve number dropped below 3 again. You could have bought every month since then and be DCA'd in now at $7102. You would continue to buy as long as the end of month curve number is below the average of 3.2. At 4-7 curve numbers you would hold your position. At 7.5-10 end of month curve numbers you would sell your position.
I'm not saying you will get 23.5 fold, 92.3 fold, and 22.5 fold gains like previous cycles, but it should be a significant gain, probably at least 10-15 fold. Do you think you will get 10-15 fold gains in the stock market the next couple of years? Answer: No
This is not financial advice but I pay particular attention to Bitcoin metrics when they produce identifiable patterns that I can follow which might yield future profits in long term trading this market.
How do you use this data to buy, hold, and then sell Bitcoin profitably? The average bitcoin log growth curve number from Aug 2010 to Feb 2020 is 3.2 for those 115 months. If you buy when the number is 3.2 or below, then hold when it is 4-7, then sell when it is 7.5-10, then you will make big profits.
How big? Nov 2010 to Mar 2011 you buy at a DCA of $0.53. May to June 2011 you sell at a DCA of $12.42, a 23.2 fold gain. Oct 2011 to Feb 2013 you buy at a DCA of $9.75. Nov 2013 to Jan 2014 you sell at a DCA of $900, a 92.3 fold gain. Dec 2014 to Apr 2017 you buy at a DCA of $530. Nov to Dec 2017 you sell at a DCA of about $12000, a 22.5 fold gain.
What should you be doing now if you are interested in Bitcoin? Answer: Buying since this month just closed at a curve number of 0.9. In fact, you should have started buying in Nov 2018 when the curve number dropped below 3 again. You could have bought every month since then and be DCA'd in now at $7102. You would continue to buy as long as the end of month curve number is below the average of 3.2. At 4-7 curve numbers you would hold your position. At 7.5-10 end of month curve numbers you would sell your position.
I'm not saying you will get 23.5 fold, 92.3 fold, and 22.5 fold gains like previous cycles, but it should be a significant gain, probably at least 10-15 fold. Do you think you will get 10-15 fold gains in the stock market the next couple of years? Answer: No
This is not financial advice but I pay particular attention to Bitcoin metrics when they produce identifiable patterns that I can follow which might yield future profits in long term trading this market.