Tuesday, May 10, 2016

Bitcoin is on the rise

Yes! Over the past three months, the price of bitcoin has been rising steadily. Continued below.
I am no market analyst or statistician, but I do know my way around stocks. So over the past three months, the price of bitcoin has been rising constantly. In March, the price had a low of $401 United States Dollars. However, it has been climbing steadily up to $454 USD, as of writing this post. This means that if you didn't buy earlier, hang on for a little while. You will have a chance to buy soon. If you have some to sell, sell it now if you want to feel safe about it. If you are feeling a little daring, however, wait a day or two to see what happens. My predictions, based on the current market rate, transaction volume, and transaction rate, provided by Blockchain, is that before the week is over, the price of bitcoin will fall to roughly $430 USD or below. Now this is only a prediction from an uneducated casual, but I think I am onto something.

Now before this gets taken as fact, I'll answer the question on probably nobody's mind. I am only a single person with no professional education. I have taken statistics classes and I have followed stocks and markets for several years, but I'm still no professional. This post is simply an observation and prediction based on what I have seen in the past.

Disclaimer: As I said, I am far from a professional. Everything I ever say should be taken as such. I don't know what I'm talking about at all as I have had no training. I am simply someone who finds this topic interesting. I do not take responsibility for anything that might happen to you, financially or otherwise, by taking my advice or listening to anything I say. I am hereby void of any blame of any claims made by any person involving any and every topic that I have discussed.

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