BITCOIN PRICE – DECEMBER SUMMARY AND TRADING SUGGESTIONS

This article will be my last written here for several weeks (at least). I would like to recap our work here during the month of December, and indulge in a little philosophical discourse about trading markets in general and Bitcoin in particular.
When I was in graduate school, I was taught that markets were impossible to predict. It was a ‘random walk’. The best we could do was to invest for the long term and hope that the long term trend remained up. I didn’t question this at the time. I had never traded, and had no idea that it was something I would one day get me excited.
One day a trader friend taught me how to read a price chart. He did not know any esoteric secrets of the markets, but he taught me what he knew, which was just enough to get me interested. As I thought about the whole random walk theory, I realized that the big money Wall Street traders who were earning millions of dollars per year trading MUST know something that wasn’t taught anywhere – not even to MBA candidates.

This post was published at Crypto Coins News on December 26, 2014.