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October 05, 2014, 05:20:00 PM |
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Price of Bitcoin is going ebb n flow..
It is not smart of wvinklevoss to sell their coins if their goal is to own 1%. given that, just because the price is falling, it is not like supply at the exchanges is huge. As long as you can match buyers and sellers at whatever moment those 2 parties are attempting to trade, then boom you have a trade. Perhaps at lower prices, random small fish instead of big whales, will stock up and when the wvinklevoss and other big whales step up, the supply is virtually nonexistent, either causing a massive flash rally, or the guys do their best to slowly run the price up in hopes that a rising price will bring bitcoin holders back into the market to sell. And then the big whales could in theory stock up, but right now, in the entire world, the dollar is looking better than it was a few years ago... If only marginally so.
Time is the test. I sold all remaining coins earlier this week at around 385. Glad i did so, now if i want to I can almost double up the amount of bitcoin I own.
However I am such a small player, holding 5-10 coins does me little. At these prices, if I want to jump back in, it would be very easy for me to do so in a minutes notice.
Start a business you fools. The value MIGHT be owning a business that creates cash flow, and then running it smart.
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