ref: rpietila / others who 'knew'
Did they just have 'better' information than us in terms of an early 'nod' on the news?
Maybe this has been raised in the last few pages - I confess I haven't got time to look back - but is it not possible someone knew someone, who knew what was about to happen?
To accurately say 'it will go down to 500' is pretty good.
Was it a timed assault of a wave of selling and the timing was lucky - or was it timed FOR the news once it was obvious it was coming (if you had the right information).
Questions, questions.....
Go here:
https://bitcointalk.org/index.php?topic=322058.0Read it. And then, when you have time, read it again.
This is a good-quality spinoff from that thread as well:
https://bitcointalk.org/index.php?topic=366214.0Multiple people here were saying $400-$500.
We were all warned and probably most of us very conscious that it just could not stay that high.
It's not necessarily the fact that they got better info, but rather the fact that people more used to doing market analysis and such calls are much more confident in their own assesment of the situation. This allows to execute for longer plans.
I sold when rpietila said, but then I bought back 100 usd below, and then I did that like 4 more times during swings. Had I been more confident, I would've stayed out from the very first time I sold and made at least 2x what I made.
this is all fud driven. As the Chinese government hasn't confirmed shit. China loves to self censor and the world freaked out.