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Previous "crashes" were pretty profitable: 2011: From $1 to $30 and then down to $5. 500% total gain. http://bitcoincharts.com/charts/mtgoxUSD#rg5zigDailyzczsg
by oleganza 13y ago
Previous "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.