mikeownow

Law of averages, adjusted to new data points.

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BITFINEX:BTCUSD   比特幣
So I decided to pick our current price range of 8,000 as it appears to be relatively stable at this price. Using the data point in January around the 20th 2017 price was around about 1k, the average between January and today 4/16 at 12am is 466.66 a month. A lower average than my last data points but from what I can tell, these new data points make for a more realistic price prediction point for future growth, as long as bitcoin doesn't collapse to 0 in mass exodus this is what will happen. We will see bitcoin at about 9k+ in July based on these data points. My new green long line represents this trend and I have extended it way out into the future. So if bitcoin shoots to way above 9k at some point, it is very reasonable for it to go back down to around 9k in July etc. if it drops way below that in July, expect it to at some point rapidly shoot back up to 9k. Only time will tell, but using these data points should give you an idea of what fair market value actually is and help you make trading decisions. I only hold my self but I use this knowledge to know if holding is still worth the risk. I am in gains, many are in losses, all I did was buy at a time that made sense to see long term guaranteed profits. How you trade is up to you, I hope this information enriches someone and good luck.
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