Quote from: franky1 on August 20, 2014, 12:44:52 PM

the drop is meaningless

it is not a consensus that people have lost their passion. its more of the case that a very small group of stupid people are purposefully selling below the resistance point, soon enough they wont have coins left to continue, and then everyone else whom is buying the coins from them will simply hoard for their profit, thus the price will correct.

as you can see the price is trying to track back above $500+, yet someone is trying to dump the price down. so lets allow that person to spend all their coin and leave them, back in the land of the bank note. and we can simply buy cheap coin thanks to them be the smart ones.

as for the government regs. the 'consumer protections' announcement is standard protocol advice in short "warning you can lose aswell as gain, there is no guaranteed profit." which is smart advice, and noobs should be wise to listen to it, instead of hearing it from friends that its guaranteed millionaire makers over night from their gpu's. (ike the wild west propaganda you can make millions with just a pickaxe).

smart investors have not lost their passion and look far beyond trying to increase their bank note wealth. and with that said, if your smart and protect your investments and never sell at a loss, you wont be a loser

Couldn't agree more with this!!