Post: 1 BitCoin = 1940.98 US Dollar!
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05-19-2017, 05:25 PM
#1
Hydrogen
Super Mod
You heard that right! BitCoin just rose up 200.00 in less than a week. This just broke a record holding the most valuable BTC ever. Go out there and invest in BTC before it starts to lose it's value guys!
05-19-2017, 05:28 PM
#2
Oneup
Guest
Originally posted by Hydrogen
You don't buy when something peaks, thats stupid business advise. You buy low sell high. Please just stop.
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05-19-2017, 05:44 PM
#3
PSNTROPHYHUNTER
PSN Trophy God
Originally posted by Oneup
You don't buy when something peaks, thats stupid business advise. You buy low sell high. Please just stop.
Looking at the chart I beg to differ in this situation...its been rising steadily for quite some time now.
05-19-2017, 05:49 PM
#4
Oneup
Guest
Originally posted by jbowers310
Looking at the chart I beg to differ in this situation...its been rising steadily for quite some time now.
It's all a pattern, You can easily argue the peak in 2014 and it tanking in 2015.
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05-19-2017, 05:56 PM
#5
PSNTROPHYHUNTER
PSN Trophy God
Originally posted by Oneup
It's all a pattern, You can easily argue the peak in 2014 and it tanking in 2015.
What if it never peaks?
05-19-2017, 05:59 PM
#6
Oneup
Guest
Originally posted by jbowers310
What if it never peaks?
I don't think you understand graphs.
It peaked over 1k in 2014. That was its high point that year and then started to drop. That is a peak. It's going to fluctuate and if it follows the pattern that it has then it wouldn't be smart to be buying into it now. Especially not at 2k a pop.
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05-19-2017, 07:02 PM
#7
Merkii
Former Staff
Originally posted by Oneup
I don't think you understand graphs.
It peaked over 1k in 2014. That was its high point that year and then started to drop. That is a peak. It's going to fluctuate and if it follows the pattern that it has then it wouldn't be smart to be buying into it now. Especially not at 2k a pop.
It peaked over 1k in 2014. That was its high point that year and then started to drop. That is a peak. It's going to fluctuate and if it follows the pattern that it has then it wouldn't be smart to be buying into it now. Especially not at 2k a pop.
Please stop trying to explain simple economics to these people. If there weren't idiots who thought buying high was a good idea then people who bought when it was low to sell high would have no one to sell to kappa
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05-20-2017, 02:02 AM
#8
Rath
Today Will Be Different
Originally posted by jbowers310
What if it never peaks?
Every investment peaks. Every investment has its highs and its lows. Buying bitcoin right now is inherently risky. Frankly, the risk outweighs the reward and this is coming from someone who's motto is "Do it for Dale." If bitcoin wasn't as volatile as it is the risk factor wouldn't be as high as it is. Albeit it would still be greater than the potential reward. I'm only saying this out of the fact that I've been around cryptos for approximately 4 years and have seen shit like this happen to lesser cryptos like Litecoin, although litecoin never peaked near this high.
05-20-2017, 02:33 AM
#9
Toke
PC Master Race
Originally posted by Oneup
I don't think you understand graphs.
It peaked over 1k in 2014. That was its high point that year and then started to drop. That is a peak. It's going to fluctuate and if it follows the pattern that it has then it wouldn't be smart to be buying into it now. Especially not at 2k a pop.
It peaked over 1k in 2014. That was its high point that year and then started to drop. That is a peak. It's going to fluctuate and if it follows the pattern that it has then it wouldn't be smart to be buying into it now. Especially not at 2k a pop.
please dont educate the peasants
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