Quote from: Faraday on August 21, 2012, 08:51:07 PM

Quote from: jwzguy on August 21, 2012, 08:40:01 PM

Quote from: Faraday on August 21, 2012, 08:34:19 PM

Because the only reason they bought the bitcoins was to invest for the interest rates? (I'm not saying all pirate investors were like this, but some must have been.)

Why would anyone think it was the majority. You're not invested in Bitcoin but you decided to take the leap because of an extremely risky HYIP opportunity? I would think that's almost no one.

More like you're invested in bitcoin already & find this opportunity which you like so decide to invest in even more bitcoins. Opportunity is now gone so you sell off the extra bitcoins.

Or you had wanted to sell off bitcoins but didn't because they were earning good interest in this scheme of pirates, but now its over you sell them.

Mind you if the current price is low people might decide to keep them for now. Seeing as the price hit $15 recently it might be hard to sell for half that.

This is a much more reasonable stance (also one that's completely different from what people are saying) and it doesn't point to a market crash. People are always selling what they can't afford to keep invested. And I completely agree, why panic-sell at 10 when we just hit 15?

I don't think there's anything to worry about unless everyone is jumping to wrong conclusion at the same time - in that case, yes, I'm worried. But hopefully people are smarter than that. Either way, I think it will at worst just be a bump in the road, and I won't be selling a single bitcent.