Post
Topic
Board Economics
Re: Right now it seems like everyone is hoarding...
by
chandler22
on 06/03/2013, 23:51:24 UTC
I'm not buying, I had about $10k worth of Bitcoins @ 10 usd and I've been selling them off for Amazon gift cards since the price was $20 a btc, then $25 a btc etc.

Watching the price and fluctuation history, I think I've made a sizable return on my investment that I don't have a problem on 'losing' money when Bitcoin hit $50 earlier (and shortly retreated), I sold the rest out (yesterday and today - about another 5k worth).

This kind of fluctation and price increase is pure madness. And a lot of people are going to get burned, and a lot of people are going to make some money.

I'll play it safe. New iMac here I come.