who is watching IT today/tonight?
It dropped way worse in July than what it is now. July it dropped to under $2000. Then it reached a high of almost $5000 end of August. And now it dropped to $3000. In January it was under $1000. It shows you the kind of money you can make if you trade smartly.It's the volatility of it that makes it such an amazing investment. Buy when it's low and sell when it's high.
Also, hi everyone. I'm super tired and I really need things to go right for a bit.
I would be very careful saying that its an amazing investment. There is no confidence in it's long term value, and the volatility makes for extremely high wins, but also extremely high losses. With the increased talks about regulation, banning of trading in China, lack of support from major financial institutions, low adoption with economies, makes it an extremely risky investment still. While I totally agree that there are people that made millions on Bitcoins, it can all come down like a house of cards. The rush of day trading is alluring, and there's a lot of money to be made, but ultimately Bitcoin is only for the risky investor.
But then again that's just my opinion. I could be totally wrong.
I bought in the beginning of the year, doubled my money, withdrew the amount I put in and have been using that to create more. It's by far the best investment I've ever made. And not by day trading. Just waiting for it to start going up again and then buy. Like what happened in July. Then when it starts dropping again like this month then you sell. So it's a long game.
https://99bitcoins.com/price-chart-history/
But mind you, most of my money is invested in traditional places.
Did I hear the news right? The Boks lost 57-0 to New Zealand?
T A N S T A A F L