Quote from: loanexpress on April 26, 2013, 05:46:19 AM

Quote from: adamstgBit on April 26, 2013, 05:44:04 AM

Quote from: tHash on April 26, 2013, 05:38:53 AM

I am a bit confused by the latest sell off. Everyone can't make money on these swings, and I would bet that most lose it. So why do they keep trying? It's not like there has been any kind of bad news to induce selling, and we all know how much people will be willing to sell for on Monday or Tuesday. I can't figure out why so many want to sell at the current low.

when your sitting on big profit ( and a lot of people are including me... ), you have a choice

take a risk 100% of your profits and hold
secure profits, and have a chance to buy back in cheap and do it all again.

Yeah, it doesn't look like "selling selling", more like profit taking at the moment. Yes both are selling, but the intent is different.

people selling now have 0 interest in buying back higher. if price run up after their dump, they don't care they made their profits...