Quote from: Ozymandias on October 29, 2013, 05:43:50 PM

Quote from: lucas.sev on October 29, 2013, 05:29:06 PM

Quote from: Goomboo on October 28, 2013, 10:29:49 PM

Daily traders should be sitting on an unrealized profit of around 51% or $70 per coin. As always: be skeptical of unrealized profits.

Hi Goomboo

Thank you for the topic, it is very informative. I was wondering, what do you mean by 'be skeptical of unrealized profits'? Should I understand it as 'be weary of daily traders going into profit taking mode'? Or something else?

Basically, it's not a profit until you've sold and the fiat is in your pocket

Right. Goomboo approaches trading from the viewpoint of investing USD for USD profits. This gives him good profit over the long term, with lower risk than those investing for BTC profits. Those traders are essentially compounding their profits, which can grow you investment capital, but from the USD prospective, those gains are at risk.