Post
Topic
Board Speculation
Re: Volatility and Psychology
by
lomalio
on 18/08/2014, 05:14:44 UTC
Quote
Those drops had understandable reasons and actually had quick rebounds. But this current drop is psychologically worse because people see that most of the news is good but the price is dropping for no good reason. Those early drops made BTC look strong because of the support. This drop makes the BTC community look weak.

If one feels the news is good and also feels the price is dropping for "no good reason", then one logically should be buying coins while the market is being illogical.



What one feels is not what matters here. What does it do to adoption? You and I may buy more coins but an illogical market is not something that we can tolerate because it is a problem in itself. It will lead to more problems in the future. It needs to be fixed.