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I bought $1k worth at $36/coin. I sold it when it dropped to $6. I'll have to go long on the next cryptocurrency.
by jaredstenquist 13y ago
I bought $1k worth at $36/coin. I sold it when it dropped to $6. I'll have to go long on the next cryptocurrency.
- hackinthebochs 13y agoWhy even bother selling when it dropped to 6? Were you really that hard up for a few dollars?
- dwaltrip 13y agoThis is impossible. It never dropped to $6 after hitting $36. In fact, it never dropped below $30 after that point (March 2013). Did you mean $32 (June 2011)? That would be possible, but also extremely poor timing, as it was only at such a price for about 24 hours. With something as volatile as bitcoin, dollar cost averaging is your friend.
- sireat 13y agoDidn't it hit $36 in 2011 before the drop? Was 30+ then.
- dwaltrip 13y agoBitcoincharts.com says the high was 31.91, for a few short hours. Either the parent comment has ridiculously bad timing and less than 20 months of patience, or is trolling us. http://bitcoincharts.com/charts/mtgoxUSD#rg60zigHourlyzczsg2011-06-07zeg2011-06-12ztgSzm1g10zm2g25zv http://bitcoincharts.com/charts/mtgoxUSD#rg60zigHourlyzczsg2...