Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Why do people panic like this because of stupid GOX? Haven't they learned anything??
How long until recovery? What do you think?
How long until recovery? What do you think?
Not really sure how many ppl actually did panic, i am starting to think that more and more ppl just playing the game, trying to accumulate as much coins as possible.
I think this is true for a lot of people with small-medium holdings. If you have 5-100 coins times like these are excellent opportunities to increase your holdings. For a 20 year old kid who's got 1k+ coins and just got rich there may be a lot of panic involved if he sees his newly made fortune drop to zero.
The huge offload on btc-e yesterday is probably a good example of panic.