3 ms·
Its price was $19,650 only for a brief moment. Why pick that particular moment for the range instead of the minimum and maximum as per "range" definition?
by spiorf 5y ago
Its price was $19,650 only for a brief moment. Why pick that particular moment for the range instead of the minimum and maximum as per "range" definition?
- pauljurczak 5y agoBecause min/max per range is for complete suckers, who think it is feasible to buy at minimum and sell at maximum price. Definitely not practical for mere mortals trading a volatile "asset". I chose a biased $19,650 value to make a point. Anyone who bought Bitcoin in the month of December 2017 or January 2018 paid over $10K a piece. The price was over $6K for more than one year, before it dropped shortly to $4K neighborhood. $3,729 is not a representative number. BTW, 3 days after my comment "more than $62,000" is no longer there, either.