Quote from: avikz on February 26, 2018, 10:15:59 PM

Quote from: KingScorpio on February 26, 2018, 06:57:54 PM

i have observed that now bitcoins arrogance causes its price drop

as soon as bitcoin looks too expensive, people start seeing bitcoin as some sort of arrogant cryptosect,

and the price drops, as will its popularity,

as soon as 12 000 USD are beeing reched again and people start speculating a price explosion again, bitcoin looks again arrogant for many and people will drop it

someone else expects the same?

regards

How would the price and speculation around it, can be termed as arrogance? Bitcoin is the pioneer in Cryptocurrency and that's why it is immensely popular around the world.

And the price fluctuation you are talking about is purely the nature of any speculative currency. Majority of the Cryptocurrency is priced as per the market demand and speculators play around the price to gain profit. Terming it as arrogance is probably your sheer ignorance about the market or wrong conceptualization. In either way, it makes no sense.

I also do not like the term arrogance used by OP here to describe those.

Its on support and resistance, and when a traders sees he has a margin of profit, they sell. For me its normal, your goal in trading is for profit, and when a trader his profit is enought then he can sell anytime. We need more holder for the price to go up and more good news too.