THIS.
to anyone else thinking of selling at this price:
Every time someone sells their coins, then that means some one else bought them at that price.
before you sell them, always think: who is buying at this price? are they buying at a low in order to sell at a high or am i selling at a low? do i really think btc price is going to 100, 50 or 1? what has changed since i decided to buy in at the price i did? what will be needed to change to get the price back above my buy in price? can it happen? can i afford to hold until it does? are bitcoins tulips 2.0, or something more?
the market allows winners to take from losers. in order for them to do that, winners buy low (from ppl selling low) and sell high (from people buying high). once this has really sunk in, you think about your trading very differently... really! (its so so simple its actually hard)
/arrogant rant over
Almost but:
to anyone else thinking of buying at this price:
Every time someone buys their coins, then that means some one else sold them at that price.
before you buy them, always think: who is selling at this price? are they selling at a high in order to sell at a low or am i buying at a high? do i really think btc price is going to 500, 1000 or 10000?
etc etc
/smug rant over
Don't try and counter the shiller.
Obviously, he's like a super duper smart market investor. I mean, after all, why on earth did he buy at the price he did if he knew the price was going to plummet like this, and could have had 2-5x more coins for the same price?
lol. Arrogance is bliss.