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Author Topic: Capital cost.  (Read 4040 times)
mike678
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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.
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muyoso
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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
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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
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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
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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
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