Beating Buffett Series
Attached is the chart of Bitcoin price for the last 80 days.
A steady upwards step ladder never seen before for such a long period, which is an indicator of strong fundamentals building up rather than short term speculation, as mentioned by many industrial experts.
Market speculators must always be aware of pattern forming trend where one get brainwashed to think consistently.
So you think it will go down after this surge? No, it goes up further.
Ok so this time there should be a market correction (whatever that means). No, it goes up further.
Wow, this has gone beyond our imagination and should crash anytime. No, it goes up further…
When this trend happens over a period of time investor will get used to it and…
Well if I am a big shark I will know very well when to get my prey.
Since and if you believe that most of the market support comes from China, then those who are fortunate enough to read this post would have to be aware of the Lunar New Year approaching towards the end of January 2017.
It is customary for the Chinese in general to spend lavishly during the festive season so a short term change in the current trend could be possible.
I am always overjoyed when my predictions are proven right but…
Just this time I am praying for my expectations to be wrong, and I will be so happy if it indeed happens that way.
