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I think its due for another crash and I'll wait until that happens. Plus with this Senate hearing who knows what could happen to the price after that.
by theklub 13y ago
I think its due for another crash and I'll wait until that happens. Plus with this Senate hearing who knows what could happen to the price after that.
- drcode 13y agoToday, anyone who ever bought bitcoins can sell their coins at a profit. When an airplane or car crashes, the losses are irretrievable. But when an asset is at an all time high, I don't really think the word "crash" for earlier fluctuations makes much sense.
- oleganza 13y agoPrevious "crashes" were pretty profitable: 2011: From $1 to $30 and then down to $5. 500% total gain. http://bitcoincharts.com/charts/mtgoxUSD#rg5zigDailyzczsg2011-03-02zeg2011-11-07ztgSzm1g10zm2g25 http://bitcoincharts.com/charts/mtgoxUSD#rg5zigDailyzczsg201... (Slow decrease in price was probably due to huge mining inflation rate at that time: https://bitcointalk.org/index.php?topic=130619.0 https://bitcointalk.org/index.php?topic=130619.0) Summer 2012: From $5 to $15 to $11. http://bitcoincharts.com/charts/mtgoxUSD#rg5zigDailyzczsg2012-05-02zeg2012-09-07ztgSzm1g10zm2g25 http://bitcoincharts.com/charts/mtgoxUSD#rg5zigDailyzczsg201... Spring 2013: From $14 to $266 to around $100-120. http://bitcoincharts.com/charts/mtgoxUSD#rg5zigDailyzczsg2013-01-02zeg2013-05-07ztgSzm1g10zm2g25 http://bitcoincharts.com/charts/mtgoxUSD#rg5zigDailyzczsg201... If this time it crashes from $2000 to $1000, it'd be pretty spectacular and profitable. Those traders who will have bought too high will have to patiently wait another year or two for their profits.