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Author Topic: If you bought in June of 2011, at the worst possible time...  (Read 814 times)
chiropteran
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March 20, 2013, 06:29:59 PM
 #1

If you bought $10,000 worth of bitcoins at the peak before the crash of 2011, your investment would be worth double that today, approximately $20,000.

So, if you buy something, and 21 months later it is worth double what you paid for it, did you really fall victim to a bubble?  If so, I welcome further bubbles!  Bring on the bubbles!  I'd love to double my investment every 21 months!

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Amitabh S
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March 20, 2013, 06:41:17 PM
 #2

What if it became double in 1 month? as it happened recently?

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phlogistonq
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March 20, 2013, 06:54:53 PM
 #3

Exactly this happened to me, except that I only bought 2 BTC, at a price of Eur 25,- each. Never sold them, and glad I didn't.

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March 20, 2013, 06:58:02 PM
 #4

Today, I looked at my tiny mining payments of 2011/2012. A lot of money today, but nothing at that time. I keep on repeating everywhere: Buy and Hold.

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