Post
Topic
Board Speculation
Re: Stop using the term "weak hands"
by
zimmah
on 08/10/2014, 01:33:57 UTC
Most people here have deluded themselves into thinking btc is going to skyrocket sue to "imminent mass adoption!"  Clearly this is not the case, and lots of former bulls are now facing the facts and turning bearish.  One of the ways people tell themselves they are right is saying anyone who sells is a "weak hand."  Funny because you should be calling them "smart hands."

I'll admit I had high hopes for btc, but the last bubble has no reason to repeat itself: There's no new money coming in from anywhere in the world, adoption by merchants just essentially creates lots of sell pressure, and the media is doing its job scaring people away from btc by associating it with illegal activity.

Good luck to holders though.

So is your suggestion to sell all the  bitcoin now ? I think this is not the real solution Wink .   The price will  raise  (  I think)  in the next block reward halving (2016) .




Halving by itself will not save bitcoin, it will only matter if there is demand.

But I don't think we will have to wait that long before bitcoin recovers anyway.

Yes, we have had some rough months, but so what, magic internet money will survive.