Post
Topic
Board Economics
Re: Bitcoin trading strategy
by
arallmuus
on 07/06/2015, 08:01:05 UTC
-snip-

Are you really believe that you will get $50 per bitcoin until your payment time is up? And now the price of bitcoin is just around $224-$225 so I dont think the price will hit until $274-$275 so it is pointless to do that kind of trick

There is nothing wrong with that, he is simply stating up example so he can indeed put up any number into it but he forgot the vital point that a skilled trader wont even wait for a 10 % increase to sell it, it will be around 0.5-1 % to execute the sell for them

Are you sure that this might happen? $10,000 is that making sense? May be around $1,000 I still believe it but $10,000 I still can't believe it what will happen if the price has going there

Nothing wrong with having speculation though some people loves it actually and also that most people that hold BTC for long term actually have the same opinion about that. Mostly because it is driven by the past perfomance that the price shoot up to $1200 which they believe might happen again after some halving or atleast few tenth years