Quote from: xinzark on December 03, 2015, 03:55:51 PM

Quote from: randy8777 on December 03, 2015, 03:41:16 PM

lot's of people here are lacking common sense. people find longterm holding boring. that's why they are looking for quick bucks. they don't know that the longterm will give them more profit. they have $-$ in their eyes. that's it.

I guess you also know these days new companies gets a lot of bump to their shares in the beginning and dump later
So short term holders make good profit while long term holders lose up to nothing. I am not saying this rule applies to all but this is very common now
Bitcoin is same. Got bumped a lot to $1200 in 2013 i guess and then dumped to around $400 in matter of days

the price was dumped from over $1100 to around $400 because no one was willing to support the price beside people hoping for a rebound. the rise to over $1000 was not a legit rise since. mtgox was heavily manipulating the price. that was the main reason.