Quote from: Decoded on January 13, 2017, 11:44:48 AM

Quote from: Dr.Osh on January 11, 2017, 05:37:08 PM

I guess they are the ones who are impatient. maybe they want to make bitcoin prices down, so they can buy bitcoin at a bargain price. Well, I was also surprised to see the price of bitcoin down very quickly. I do not think they could sell their bitcoin under $ 800. but, maybe they have a bitcoin very much, and had to sell in large numbers.

Not impatient. Either people extremely smart, or extremely stupid. If I had to take a guess, I would say that more than half would be stupid, and are small-minded lemmings who sell when the price drops

I wouldn't call these people stupid

Most wannabe traders are not stupid, they are simply extremely naive in this field. They may have read it somewhere that most traders and their money are just cannon fodder for market makers, that 90% of traders are losing over long enough time frame, but they either don't take this info seriously as they should or just think themselves smarter than the rest of the pack. Their biggest mistake is that they should be as smart as (or even smarter than) market makers since just being smart or smarter than their fellow traders obviously won't suffice