Money is what it is.
Buy low, sell high really means:
Exchange your other goods for money when they are worth lots of money and exchange your money for other goods when your money will purchase more.
One of the nice things about free market money is that it acts as a feedback system on the economy. When too many goods are created, money is worth more, it can be exchanged for more goods. When too much money is in the economy, it takes more money to buy the goods you want or need.
Buying Bitcoin "low" and selling it "high" means that you were able to predict the direction of the money supply and goods available in the economy.
Right now, it looks like lots of people think that trading 1 Bitcoin for $480 is selling "high". Do you think that trading $450 for 1 Bitcoin is buying "low"? Then by all means, make the trade!
I think I paid about $12 for my first Bitcoin(s). I felt that the risk was easily worth what the potential appeared to be. I was lucky and I was right. However, there are lots of forces going on here now. There are many Altcoins that impact this marketplace. Governments are getting involved. People have been hurt by the "it will go up forever" attitude.
Do I believe that Bitcoin has reached an intermediate low in terms of dollars? Not sure. Could it go down further? Yes. Do I believe it will go down to $12 again soon? No. Could it go down to $200? Yes!
Do I believe it will stay "low" for a long time? No. What is my prediction?
It will cost you
BTC0.077 to receive that at this time.
Price subect to change.You will get a complete graphical price history and reasoning for your money, along with predictions for the future and a way to understand what can occur.
PM me. Knowing could make you $1000s!
Enjoy,
-MikeMark