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<p>[QUOTE="Clawcoins, post: 2779384, member: 77814"]Very volatile based on a variety of factors.</p><p>It's one of those "Buy Low" and "Sell High" type scenarios.</p><p><br /></p><p>Of course, the "coin" has no revenue to follow, no profitability, no real identified market or company behind it, and what is High and Low ? Hopefully Higher than when you bought in ...</p><p><br /></p><p>It reminds me a bit of the Internet Stock Bubble pre 2000.</p><p>I recall showing people buying in/out of one stock share of eBay how I was making profit riding that one share up, selling then rebuying and watching it go up continuously for a long period of time. This is profitable after the Buy/sell trade cost plus Capital Gains tax. It was weird. There was no real sense to it. It was simply a buying frenzy based on a concept that was not yet proven by anything other than the companies spent a lot of cash to keep operations going that weren't profitable.</p><p><br /></p><p>eBay was one "good" stock to show that as they are here today. </p><p>eToys.com on the other hand was not. I did buy a bunch of their metal die-cast toys for my kids on liquidation prices though near the end. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 2779384, member: 77814"]Very volatile based on a variety of factors. It's one of those "Buy Low" and "Sell High" type scenarios. Of course, the "coin" has no revenue to follow, no profitability, no real identified market or company behind it, and what is High and Low ? Hopefully Higher than when you bought in ... It reminds me a bit of the Internet Stock Bubble pre 2000. I recall showing people buying in/out of one stock share of eBay how I was making profit riding that one share up, selling then rebuying and watching it go up continuously for a long period of time. This is profitable after the Buy/sell trade cost plus Capital Gains tax. It was weird. There was no real sense to it. It was simply a buying frenzy based on a concept that was not yet proven by anything other than the companies spent a lot of cash to keep operations going that weren't profitable. eBay was one "good" stock to show that as they are here today. eToys.com on the other hand was not. I did buy a bunch of their metal die-cast toys for my kids on liquidation prices though near the end. :)[/QUOTE]
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