Gold over the last 3 years: down 36%. Must suck to be a gold bug. Imagine if you'd switched from gold to bitcoin in 2011. If you had, you could buy all your gold back with 2-3% of the bitcoins you bought.Clearly something is wrong with your cherry picked technical "analysis"
In the EPJ Daily Alert, Wenzel got us out of gold early last year and got us back in in late December for the latest run..He got us into Btcoin at $40 and out at around $700.Unlike Bitcoin fanboys who think Bitcoin is a religion, Wenzel watches the markets and takes positions based on analysis of trends. He save the religion for church.
lol! There's nothing public about these "alerts" so it's essentially made up. If he was such a perfect predictor he would be as rich as Warren Buffett. Everyone likes to think they're an oracle when investing, but few have the courage to let their predictions sit in the light of public scrutiny. It's obvious if Wenzel made his predictions public he would look like a fool, just as he does when he gives his luddite opinions on a technical subject he knows almost nothing about - bitcoin.
I am a subscriber to the Alert also and Wenzel did give all that advice.
How low does bitcoin have to go for you to admit you are wrong? Is it even possible? I'm 31yrs old and sure wish I'd been investing in gold all along, not so much in Bitcoin.
Completely agree it's in a downtrend, but last year it was around $150. Still 300%+ return.
Yes, and it would have been a 1,000% return if you had bought at $150 and sold at $1,000 when Wenzel told you to sell. So what's your point? You are now half as rich as you would have been had you put hard analysis above your religious belief in Bitcoin.
Meanwhile, the central banks of the world continue to use money printing as the solution to all of their problems.
Read the Bitcoin-cryptocurrency blogs a key issue is splitting. There is infighting about the Bitcoin structure, alt coins, you name it. How could anyone following any of this want to hold onto Bitcoins, or take them seriously anymore? I think there will be digital payment systems, and they may include a cryptographic component, but very unclear will be Bitcoin or something else. If I was in the money on Bitcoin, and could cash it out(a big question still), I would do so.