Bitcoin – Seasonal Weakness in the Summer

Returns One Can Only Dream Of
When I heard about Bitcoin for the very first time in May of 2011, it traded at eight US dollars.
As I write this, almost exactly six years later on May 20 2017, it has broken through the USD 2,000 barrier for the first time [ed. note: since then it has streaked even higher].
If I had invested USD 1,000 when I first became aware of it, I would have made a profit of USD 250,000 – the kind of return one can normally only dream of!
Consider though that prior to that juncture, the price had already increased by a factor of 160 within just a few months, as it stood at a mere 5 cents in July 2010.
USD 1,000 invested at that time would have become USD 40 million in less than seven years!

This post was published at Acting-Man on May 31, 2017.