Quote from: bitcoinboi on April 12, 2017, 10:23:08 PM

Quote from: g83 on April 12, 2017, 10:20:24 PM

Quote from: Wowcoin on April 12, 2017, 10:00:40 PM

Quote from: pearl11 on June 01, 2016, 11:56:59 AM

What if somebody will make a huge dump and sell it all the way to earn some profits because of this rally in bitcoin,and someone sees it and do that same thing. Is there any effect on bitcoin when someone to this,?

Yes there's effect maybe some of hoders sell threir bitcoin and some make a panic selling. But i think some are holding their bitcoin because they know once bitcoin down the price thet will pump it again.

Smart people will take advantage of that situation by buying more coins and holding their existing coins without selling them as they very well know that if price has gone down it will surely rise once again in future.

The best traders and investors make the most of their money by being contrarians. its only in situations when a few are right and most are wrong that generate the most profit. Think of it as a pie: if there are more people, then your share of the pie is smaller. if there are less, your share of the pie becomes much larger

As to me, that's mostly bullshit

Though I agree that most profits are generated when only a few are right while the rest of the pack is wrong. But this has nothing to do with being contrarian. Best traders are earning irrespective of whether the mob is right or wrong. Otherwise, you could just make trades opposite to what the majority does, but in practice that would only mean that you will lose in some other way than the rest of trading folk. You should always remember that by going against crowd you still submit to it