Bitcoin Forum
December 08, 2016, 04:31:21 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 [3]  All
  Print  
Author Topic: Capital cost.  (Read 3780 times)
mike678
Full Member
***
Offline Offline

Activity: 168


View Profile
July 08, 2011, 01:51:54 AM
 #41

Not to mention that he could sell those 615 bitcoins for 16 dollars within 1-3 days of buying them at 13 making him $1840 within a week.  He could probably do this multiple times.  If he bought again using all $9840 at 13 he would have 757 coins and could cash out at $12112 if it hit 16 again.  Thus making more than he could ever hope to mine in the matter of 1-2 weeks.
Day trading can be very risky and I honestly wouldn't recommend it with 8000 dollars on the line.

I'd also like to point out that with hardware he has a way to recoup some if not close to all of his money back. If he buys coins then he doesn't get that security blanket.
1481214681
Hero Member
*
Offline Offline

Posts: 1481214681

View Profile Personal Message (Offline)

Ignore
1481214681
Reply with quote  #2

1481214681
Report to moderator
1481214681
Hero Member
*
Offline Offline

Posts: 1481214681

View Profile Personal Message (Offline)

Ignore
1481214681
Reply with quote  #2

1481214681
Report to moderator
1481214681
Hero Member
*
Offline Offline

Posts: 1481214681

View Profile Personal Message (Offline)

Ignore
1481214681
Reply with quote  #2

1481214681
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481214681
Hero Member
*
Offline Offline

Posts: 1481214681

View Profile Personal Message (Offline)

Ignore
1481214681
Reply with quote  #2

1481214681
Report to moderator
muyoso
Member
**
Offline Offline

Activity: 84



View Profile
July 08, 2011, 01:54:35 AM
 #42


Day trading can be very risky and I honestly wouldn't recommend it with 8000 dollars on the line.

I'd also like to point out that with hardware he has a way to recoup some if not close to all of his money back. If he buys coins then he doesn't get that security blanket.

More risk, but much more reward.

I drink it up!
mike678
Full Member
***
Offline Offline

Activity: 168


View Profile
July 08, 2011, 01:57:09 AM
 #43

More risk, but much more reward.

Considering how risky bitcoin is already why would you want to add to that?
fascistmuffin
Jr. Member
*
Offline Offline

Activity: 56



View Profile
July 08, 2011, 05:06:30 AM
 #44

More risk, but much more reward.

Considering how risky bitcoin is already why would you want to add to that?

That's the point. With a higher risk on initial investment, you have a greater potential reward. Say you buy $8k worth of BTC for $14 and sell for $17. You get much more out of that than buying $100 of BTC.

I also understand where you're coming from: the safer standpoint, which is where I stand too, so don't take this as me bashing you  Wink
syb3ria
Jr. Member
*
Offline Offline

Activity: 56


'buntusiast


View Profile
July 08, 2011, 07:53:45 AM
 #45

More risk, but much more reward.

Considering how risky bitcoin is already why would you want to add to that?

That's the point. With a higher risk on initial investment, you have a greater potential reward. Say you buy $8k worth of BTC for $14 and sell for $17. You get much more out of that than buying $100 of BTC.

I also understand where you're coming from: the safer standpoint, which is where I stand too, so don't take this as me bashing you  Wink
I also understand where he is comming from, but when it is about money... No guts, no glory Smiley
Pages: « 1 2 [3]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!