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Re: Dennisb68 post# 4346

Wednesday, 11/29/2017 8:54:31 AM

Wednesday, November 29, 2017 8:54:31 AM

Post# of 26496
Depends on how you calculate the now infamous "nav". Bitcoins prices are all over the map literally. It's surpassed $12,000 yesterday in Asia and is higher Than that in Africa likely.

In the end all I can say is trade to your comfort level. If you want to wait for a dip before buying great. My situation is different as I've been in since it was in the 60-80 range. I got out once and got back in the same day. I'm loving the days where it goes up $200-250 a share. If I had more cash I would buy more immediately. The hell with a premium!

I honestly don't care about a 20% premium vs a 40% premium when I can earn $40/50k in a day. Sure "if" I could buy at a cheaper price it's more money for me but that assumes that the increase would be the same and I could Time buying and selling just right. Any savvy investor will tell you you can't time the market.

The thing is the premium and returns go hand in hand and are likely a wash as you might pay more to get in but you get more return too. It's an empirical question.

Again trade to your risk and confront level.
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