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<p>[QUOTE="GDJMSP, post: 1282534, member: 112"]No, it comes down to timing. In other words you have to be lucky enough, or smart enough, to buy when prices are low. But the hard part is selling when prices on the coins you have collected are high. Or at the very least higher than they were when you bought them. But given that the buy/sell spread for coins is about 40% to start with, that can be a hard nut to crack. Especially if you bought at the wrong time.</p><p><br /></p><p>You see, the coin market is not static, nor is it steady, nor does it move in only one direction. The coin market goes up and down just like any other market. And if it was easy, we'd all be rich. But we aren't and that alone should be huge indicator that making money in coins is not as simple as some seem to think.</p><p><br /></p><p>And don't forget this - there are lots, and I mean lots, of people who bought there collections well over 20 years ago. But yet even today the coins those people bought are worth between 90% and 50% <u>LESS</u> than they paid for them. All because they bought at the wrong time.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1282534, member: 112"]No, it comes down to timing. In other words you have to be lucky enough, or smart enough, to buy when prices are low. But the hard part is selling when prices on the coins you have collected are high. Or at the very least higher than they were when you bought them. But given that the buy/sell spread for coins is about 40% to start with, that can be a hard nut to crack. Especially if you bought at the wrong time. You see, the coin market is not static, nor is it steady, nor does it move in only one direction. The coin market goes up and down just like any other market. And if it was easy, we'd all be rich. But we aren't and that alone should be huge indicator that making money in coins is not as simple as some seem to think. And don't forget this - there are lots, and I mean lots, of people who bought there collections well over 20 years ago. But yet even today the coins those people bought are worth between 90% and 50% [U]LESS[/U] than they paid for them. All because they bought at the wrong time.[/QUOTE]
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