Re: Stop using the term "weak hands"

How does holding an asset during a decline in its real purchasing power terms by 70% represent having a 'strong' hand?
All it represents is losing money.
A 'clever' hand would have sold up at the beginning of the year, and would now be buying up BTC.
A 'clever' hand would have three times more BTC than a 'strong' hand.
Three times!
Do you mean 'strong' as in 'dense'?

Clearly people seem to think they are superior to others on here if they hold, instead of getting out and waiting for the real rock bottom to hit, which is what the real smart money would be doing. Also waiting for any signs of life, and waiting for fraudulent trading activities to be uncovered. There is too much still going on to not think btc can crash further down to $100 or less. Then smart money will come in when the dust has settled.

Now you're advocating attempting to catch a knife? Brilliant...

That doesn't sound at all like what he's advocating. I think he's advocating for letting the knife fall and watching to see how it lands first.

Exactly. I don't think the fallout from the gox collapse has fully played out yet in terms of price drop. And why should big time investors come in when the largest btc exchange in the world went down? Too many other hacks and security concerns I think are scaring people away. I think things are very fragile right now, and the potential for bad news (dropping price) greatly outweighs any chance for price increase in the near future. If btc shows some signs of life, then I'll get back in.