Quote:
Originally Posted by Paul&John
Yes but there was no way to tell that it would raise back to $180.. according to this logic you guys had to buy in at $185 (when it dropped from $208) instead of $160 and then you would loose money..
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He is talking about sending coins from one exchange to another exchange that has a $20 higher sell price.
But, you're right. Nobody knew if it would bounce back from 150-160 range or keep going down. You have to get as much information as possible to decide when to buy. Like all currency trading it is high risk.