View Single Post
Old 04-11-2013, 08:16 PM   #55
Fedaykin
Ring of Famer
 

Join Date: Nov 2006
Posts: 5,123

Adopt-a-Bronco:
None
Default

Quote:
Originally Posted by Arkie View Post
That's usually how short term trading works. The most you can lose is 100% of your investment. Those who bought bitcoin at the beginning of the year are up 1000%. That's still short term. Long term, I see bitcoin going to either 0 or 10,000+. That's still a great risk/reward payoff. The last time bitcoin crashed it went from $31 down to $3. This time it has to fall from $260 to $26 to see the same drop. Next time it could fall from $2000 to $200, but I doubt it will have the same volatility in a few years.
I agree. But what you're describing is "reasonable" for a commodity, not a currency.
Fedaykin is offline   Reply With Quote