(+) Acquiring Bitcoin: Profiting in a Flash Crash

(+) Acquiring Bitcoin: Profiting in a Flash Crash

We promised another article about peer-to-peer trading, but given the events of yesterday, when the Winklevoss Twins had their Bitcoin ETF denied and panic selling ensued, it’s a good time to talk about what to do when the prices drop sharply in a short period of time. Bitcoin was at a high of almost $1300 and within hours had dropped below $1000. It appears to have slowed down around there, now having climbed back up to over $1100. If you’re business-minded, you already see where the opportunity was here. If you had been able to get anyone to sell you bitcoins at around $1000 yesterday,....

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