BitCoin Mania! Price hits $17,000!

The Bitcoin asking price just hit $16k on some exchanges!!!

This is unprecedented and exciting to watch.  BUT beware.

One thing I learned from the best traders:

“Be fearful when others are greedy and greedy when others are fearful.” Warren Buffett

2 days ago. I was blogging about the fact that I thought Bitcoin was great value at $1100 in March 2017. Some of my followers tell me they made money from the tip.

I am happy for them With the price at $11800 that is a 1000% return in 9 months. In the last 2 days, it has moved to $15,000!  An expert trader is neither greedy nor emotional. They do not become attached to their investments. They make decisions with cold precision and execute their strategies like a computer. Like a poker player, they play the percentages. They take their chips off the table when the risk/reward ratio becomes unfavourable.

At $15,000. It’s time. Even if it rockets to $20,000 that’s only another 33% return. And the downside risk increases with each huge move. At $15000, you are booking a 1360% in 9 months. For me that’s a great return and you can sleep easy at the weekend. Who knows, there may even be another buying opportunity later on… Remember to DYOR. I’m not qualified to give financial advice but anyone is qualified to make predictions 🙂

0000 – $1000: 1789 days

$1000- $2000: 1271 days

$2000- $3000: 23 days

$3000- $4000: 62 days

$4000- $5000: 61 days

$5000- $6000: 8 days

$6000- $7000: 13 days

$7000- $8000: 14 days

$8000- $9000: 9 days

$9000-$10000: 2 days

$10000-$11000: 1 day

$11000-$12000: 6 days

$12,000-$13,000: 17 hours

$13,000-$14,000: 4 hours

$14,000-$15,000: 10 hours

$15,000-$16,000: 5 hours

$16,000-$17,000: 2 hours