Post
Topic
Board Speculation
Re: If someone buys Bitcoin today, they'll be lucky to see a 300%+ ROI.
by
Raize
on 11/04/2014, 05:35:01 UTC
Since you're still reading this, I gotta ask...

Do you plan to get back in when you spot the next bottom? Also, I noticed your call of $2 was actually off by a month. You posted that in October 2011 but Bitcoin didn't hit $2 till mid-November.

Bitcoin seems, to me, to be traded like a commodity. We know exactly how many Bitcoin there are, so selling out of everything and trying to call the bottom with certainty is a fool's errand. Granted you've done it before, and I see you noticed this as well, but don't you potentially see that happening again? Someone with millions or perhaps billions wanting to stockpile such an easily-manipulated currency?