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All-Time High’s Are Here Again!

Earlier today I was contacted by a friend, who bought Bitcoin some time ago. Pleased with the latest price rises, they wanted my advice on how to send their Bitcoin back to Coinbase, to sell some so they could buy it back when the price goes lower. 

While I am happy to help and advise my friend, I felt obliged to warn them that this was a classic mistake. Because of the nature of Bitcoin and the way it has been programmed, the price trajectory appears to follow a particular pattern.

I cover this in my book. 

Chapter five on Acquisition explains how and why this ‘pattern’ occurs and the dynamics behind it.

In the image below you can see what happened the last time Bitcoin’s all-time high was reached in January 2017. Indicated by the blue line.

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