Ninjastic
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Re: I have made a 25% return this week trading *against* the pirate
by
ArticMine
on 23/07/2012, 07:02:07 UTC
Quote from: Vladimir on July 23, 2012, 06:57:15 AM
Quote from: Bit-pay Merchant Solutions on July 23, 2012, 02:44:10 AM
Quote from: Serge on July 23, 2012, 02:42:39 AM
how does pirate make money if he buys high and sells low Huh

How does a ponzi make money? Smiley

He does not buys high sells low, he just sells at whatever.



His strategy is sell high first, then buy low. This was very profitable in the great Bitcoin bear market of July 2011 - December 2011. Now the situation is different and he can end up sell low first then, buy high.