I leave you guys alone for 8 hours... and this is what happens!
lol
BTC micro-limbo... Dropping the bar to $115, and not stopping until it hits $110.
Oh, about the "hitting $1000" thing...
Smart-butt... If you get 1BTC now, at $120, you could wait until it hits $1000... but 6-months is a long time to wait for an $880 gain.
You invest in the micro-movements... The $10-$20 swings, which there will be more than 3000 of... in that time.
Translation, 3000 movements of * $10 = $30,000 gain. (If you do it correctly.)
I like to buy progressively, and earn while I buy. You just have to set buy-points, and actually buy them. Ignore the "whole value", and only track the "individual value".
Pretend the price is normally at $300/btc...
It drops $10 from its steady position (month-average)... buy 0.1btc
It drops another $10 again, buy 0.2btc
It drops a big $20 more, buy 0.4btc
It drops a huge $40 more, buy 10.0btc
It rises $20, from the $80 it just fell, you sell 5.0btc (Gain)
It drops another $40 from the -$60 under position, you buy 20btc
Pretend this is the "ultimate bottom"... The trough of the next hill...
Hold these until it returns to half of its normal value, which it should do rather fast... then sell half your holdings from the lowest point (10btc)
Hold the remainder until it gets to 75% of its normal value, selling the remainder of the lowest buy (The last of the 10btc purchased at -$100 under normal.)
Eventually, the "tiny" motions will be able to sell for above $10 from what they were purchased. Those will be many micro-movements. The larger movements, you counter with larger purchases. Each gain gives you more buying power... It grows fast. Even just moving money between markets... One lists them for 100, another for 120... buy them at 100, and move them to the other market for an instant $20 gain. (You don't have to actually move them.. just buy them with cash on that account, and sell the same number of coins that are already in the other account. Thus, no waiting for the transfer.)
If the market is going to crash, it is going to crash... Unless you are not participating at all, which it wouldn't matter then... Then you can easily turn it into a smart gain. Never just "hold-out" waiting for that "magic low"... It is a market with only a tiny hedge, thus, it has no choice but to rise. (A hedge gives it a chance to GAIN from falling, which you should be playing too.)
What is the "market potential"... Well, btc has historically hit $250+, and actually sold for that price, sooo... that is a realistic "high" again, that people were willing to pay. What is a realistic low... Roughly "2/3 to 1/2" of the normalized monthly average. But why "wait" for it to get that low... if it doesn't, that is just longer you go, without btc to make gains on. If you buy progressively, as it lowers... you loose less, and gain more. (Less than if you just dump all your savings into a "one shot low" that might not be an actual low, with hopes of cashing-out at a "one shot high". More than if you wait for a low that never comes, and thus, have never made an investment to gain on.)
As for extracting USD... You can avoid the "limits", with multiple accounts... one on each exchange, and private sales. Your "total extraction" is not limited... only the extractions per each exchange. Use a US exchange for USD, not a foreign exchange... Unless you want Yen or Yuan. BTW, the Yuan is a great deal to buy for USD/BTC right now. The USD value is decreasing to the Yuan, since we owe them all that money for the billions in loans we just got, again...
1 USD = 6.1347 CNY now...
In a year, that will lower to...
1 USD = 5.8694 CNY
EG... $10,000 will get you 61,347 CNY. That will cash-in, within a year, to be... $10,452 Thus, about a $500 gain. Actually about $1,500 because that would normally be $10,000 USD that would have degraded here in the USA, possibly buying you only $9,000 worth of crap in the future... Made in china. (Gain of 5%, as opposed to the expected loss of 10% by keeping USD in hand/bank/savings.)
