If you bought Bitcoin on Friday, you have lost almost 28%

Poloniex usually the lowest is showing 2757. Basically never sell for dollars at Poloniex.

Expect another correction at 3k? For some reason I doubt it.. My altcoins were doing ok today until BTC started rallying. Picked up some more Ethereum on its way down.
 
The genie is long out of the bottle. No stopping this monster now. forget gold , forget dolla.

There will be two kinds of people in the world in 5 years. bitcoin barons (pun intended) , and their slaves.
 
So in other words ... if you bought May 27th retracement low you are up 55+%.

I said previously, and was scoffed at, it's when you sell that counts - but should of added where you buy also obviously matters.

But that drop only took out the previous 5 days on a closing basis. Nothing for a bull move over a year and a half long already.
 
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SunTrader said:
So in other words ... if you bought May 27th retracement low you are up 55+%.
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Just some thoughts I have:
between may 22 and today there are 15 days. Each day has 24 hours, so there are 360 hours in this period. From this 360 hours only about 2 hours the price was below $2,000. If we would assume that volume is equally spread over 24/7, less than 0.5% of all volume could be able theoretically to make 55%. Even if volume would be double of the average over the total period it would still be less than 1% of all volume. And only on the condition that the bitcoins are sold NOW.
 
Mtrader said:
Just some thoughts I have:
between may 22 and today there are 15 days. Each day has 24 hours, so there are 360 hours in this period. From this 360 hours only about 2 hours the price was below $2,000. If we would assume that volume is equally spread over 24/7, less than 0.5% of all volume could be able theoretically to make 55%. Even if volume would be double of the average over the total period it would still be less than 1% of all volume. And only on the condition that the bitcoins are sold NOW.
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And the same hair splitting can be be said about your thread title.
 
Mtrader said:
If we would assume that volume is equally spread over 24/7, less than 0.5% of all volume could be able theoretically to make 55%.
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Big assumption there. Clearly shows you don't trade any crypto. Just saying....
 
SunTrader said:
And the same hair splitting can be be said about your thread title.
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Correct. But no hairsplitting, reality. Or do you think all bitcoin owners are making huges returns? For each bitcoin that is bought someone else has to sell one. So some win, some lose. Like in stocks, forex, futures, options...
 
Mtrader said:
Correct. But no hairsplitting, reality. Or do you think all bitcoin owners are making huges returns? For each bitcoin that is bought someone has to sell one. So some win, some lose.
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You are in way over your head here. You are aware they are mined yes? There is a cost yes, but this isn't a 0 sum market.
 
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