Good morning Bitcoinland.
What a ride... up by almost 2 grand, followed by a correction/profit-taking of about about a grand, and leveling out in the $88xx range... currently $8857USD/$12301CAD (Bitcoinaverage).
Looks like the $7xxx range is done for good and the battle for Vegeta has just begun.
Go Bitcoin go.
Is 7950 a good time to sell? And buy a rebound at about $7880?
Did you?
Lol i made a few trades and lost! I traded and ended up buying back in higher pretty much 2/3 times and gave up!
we call that daytarding
One good thing about tarders is that they're the rubes who keep the exchanges profitable.
Without the online exchanges it would be difficult to assign a fiat value to Bitcoin to use for OTC exchanges and international Bitcoin transfers. Remember when the only dollar value was 10k coins for a $25 pair of Papa Johns? It was Mtgox who actually established a dollar value for each bitcoin.
While I was never a daytarder, I was a sucker who helped line
P.T. Barnum's Mark Karpeles' pockets, eventually to the tune of 50btc. If it wasn't for marks like me we wouldn't have accurate Bitcoin/fiat indexes (like the one I quote in my morning greetings) that allow me to buy and sell bitcoins off-exchange at accurate market prices.