Quote from: Mind Control on January 15, 2018, 07:03:20 PM

I know it involved Mt. Goxx but I have no idea about the details. Supposing that 2018 will be like 2013, wouldn't it much more practical to drop at around 10k - 8k rather than that very low price? I mean, come on. Would whales and strong investors would wait for the price to reach that bottom. Seeing BTC at 10k would be a good entry point for them, right?

Perhaps you've yet to witness a full on panic. Emotions turn on a dime. The people boasting about 'buying the dip' run screaming when it becomes real. Only the people without emotions, the real traders, are the ones who buy at the absolute bottom. Every other mug waits for it gain a few tens of per cent.

Everyone likes to boast about their muscular trading plans when it's a on rip. They turn to dust when fear descends.

The 2011 bubble went from $32 to $2.

Each one is completely different of course so there's no way of knowing, but the one thing that doesn't change is human nature which is what gives birth to bubbles in the first place.

We still don't really know what role Gox played in the lead up to the 2013 bubble. We certainly know about its role in its deflation though.