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<p>[QUOTE=&quot;GDJMSP, post: 729375, member: 112&quot;]Yes you do make your money by buying right. But as you said, knowing the when is a biggie. Guess right and you come out smelling like roses. Guess wrong and it doesn&#039;t smell so sweet.</p><p><br /></p><p>Home prices for example have been dropping for over 2 years now and show no signs of stopping any time soon. Would it have been wise to buy a year ago when prices were still dropping ? Would it be wise to buy now when prices are still dropping ? </p><p><br /></p><p>Same thing with coins. Look at the graph, would it have been wise to buy in in Sept or Oct of 1989 ? It was a dropping market, the market had dropped a lot even, 30% from its peak. Or even in Jan of &#039;91 ? The market had dropped another 30%.</p><p><br /></p><p><img src="http://www.pcgs.com/images/graphs/indexallgraph.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>But no, the graph shows you that the market didn&#039;t stop dropping until it had dropped from a high of 180,000 to a low of 45000 in 1995 for a total drop of 75% - 6 years later when the market had one fourth it&#039;s previous value.</p><p><br /></p><p>Had you bought in that dropping market in &#039;89 or &#039;91 - you&#039;d still be underwater with your investment - 20 years later. So buying in a dropping market is really not very wise, unless you happen to be very, very lucky.</p><p><br /></p><p>It is always, always the wiser choice to wait for the market to stablize or start an upward turn. And it has to be a sustained upward turn, not what they call a dead cat bounce like it experienced in 1990.</p><p><br /></p><p>As in anything - patience is your friend.[/QUOTE]</p><p><br /></p>

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