Quote:
Originally Posted by Wormius
But did it only cost $8000 to acquire that? Can I possibly buy $8000 in crypto and sell it right away for the same?
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BTC is 8,937.65 Canadian right now...so you could have made some money since I posted that.
Like any other stock if you are actually wanting to make money you have to hold it...buying and selling instantly will always be at a loss (fees ect.) I have been buying and selling BTC for two years and believe me I am up overall despite the fall from all time highs last December. You could buy BTC for 1.5k 15 months ago. Check the thread I was telling people to buy and some of the people here gloating now thought that price was too high.
$1500-$9000 in 15 months is a pretty good run IMO
Anyway the point of my statement was contrary to popular belief on CP it is not hard at all to turn a bitcoin into fiat.