Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Ah the day (2013-4-10) when BTC crashed from $266 to $105 (-60%) in 7 hours.
Then snapped back to $203 (+95%) in 2 hours.
Then took a slide back to $120 (-40%) in 17 hours, after which the trading in Mt.Gox was halted for 10 hours.
When the exchange opened at $130, it soon crashed to $65 (-50%) in 1 hour, after which it recovered to $130 (+100%) in 1 hour.
9 hours later we saw $54 (-60%). In 12 more hours it was already $130 (+150%) yet again.
**
What am I teaching? That price does not matter. Number of bitcoins matters, and low prices are to be used for buying them, not selling.
Thank you
Then snapped back to $203 (+95%) in 2 hours.
Then took a slide back to $120 (-40%) in 17 hours, after which the trading in Mt.Gox was halted for 10 hours.
When the exchange opened at $130, it soon crashed to $65 (-50%) in 1 hour, after which it recovered to $130 (+100%) in 1 hour.
9 hours later we saw $54 (-60%). In 12 more hours it was already $130 (+150%) yet again.
**
What am I teaching? That price does not matter. Number of bitcoins matters, and low prices are to be used for buying them, not selling.
Thank you