Yep, the day the Expedia news came out, the price was at $630. Price didn't budge at all. Then the very next day, wham! A fkn FUD storm about threats of 51% attack (again, every 4-6 months, for years now... ad nauseum), +Stamp FUD, + China FUD, +Bitfinex FUD, all on the same day. And then a bunch of panic selling ensues all the way down to $530, for no good reason at all. And you know what? No one even remembers that now, or if those stupid fears were even warranted. Here's a hint: they weren't.
The bitcoin community is, and will continue to be, pathetic, until it puts on its big boy pants and grows the hell up. Stop panic selling over nothing. Otherwise, the bitcoin world hasn't even seen what the governments of the world can cook up in regard to media-created FUD, until they feel the need to.
IMO it's mostly just amateur knob day-traders (hello Speculation forum participants!) following the Mantra "he who dumps first, dumps best".
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The bitcoin community is, and will continue to be, pathetic, until it puts on its big boy pants and grows the hell up. Stop panic selling over nothing. Otherwise, the bitcoin world hasn't even seen what the governments of the world can cook up in regard to FUD, until they need to.
Exactly, it's just pathetic.
I'm still seriously puzzled by this "only sheep and weak hands are selling" mentality...
I mean, obviously, panic selling personally doesn't affect you, right? In the sense that "panic selling" somehow forces you, Strong Hand McHolder, to sell as well. So why do you care?
Or is it, just by any chance, because you don't like seeing price drop? The promised moon trip, being on hold. Again.
So how exactly would trading work, if everyone is a good, strong hand and just holds indefinitely?
Har har, all those poor late arrivals... they will have to wait 'til price hits $300k before I will sell my coins to them.Oh. Wait...
If nobody sells, ever, how exactly is price going to go to $300k?
Hm... maybe we
can sell the occasional satoshi, just so that price can still rise, ostensibly.
Deal? Deal!