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Board Beginners & Help
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''The End Is Nigh'' trolls and market speculation.
by
VeryTripy
on 06/12/2013, 22:52:32 UTC
I invested in bitcoins only recently, in August. Purchased shares of group-buy mining equipement and just plain bitcoins as well. Since then I have had some light panic attacks while following BTC price charts. But the ''it's gonna crash!'' trolls made me actually go in full panic and lose a little bit of my bitcoins. My fault, indeed. Live and learn.  
It helps to think about what person would actually post about the imminent crash of bitcoin here on this forum. Let us make a list with our observations. I have noticed this guy a lot:

1) A person who wants to participate in the market speculation by driving the price of BTC down with panic. They will rumour and blow some events out of proportion. Then they'll buy bitcoins when the price has been driven down and wait for it to rise. Then do this all over again. They could be small speculants or represent a larger company that specialises in BTC market speculation and exchange.

There are many variations of this particular individual. I think it would be educational to discuss them and find other species of this ''The End Is Nigh'' troll.  Smiley