Post
Topic
Board Speculation
Re: Whales, here why crashing the price is a good idea
by
RationalSpeculator
on 10/09/2013, 15:53:55 UTC
Because crashing hard is the best sign of a stable currency xD

That's just like saying "ashes don't burn, so to protect the forest from a forest fire, let's burn it all down!"

Agreed that the price crashing also adds volatility. Ideally it just levels off and stays flat for a while.

However, this would only reward those that bought into the mania pushing prices even higher and punish those that went against the herd and sold into the mania.

Luckily markets don't work that way. If you have bubbles, you have collapses too. Greed and fear come in pair.


I will admit though, it is hard to be a rational investor when the market continues to behave irrationally, I feel the fear coming up being left behind, hence this post begging the whales for a correction.  Grin